Special Opportunities Fund, Inc. (SPE) Files Form 4 Insider Buying : Phillip Goldstein Buys 1,661 Shares

Special Opportunities Fund, Inc. (SPE): Phillip Goldstein , Chairman and Secretary of Special Opportunities Fund, Inc. purchased 1,661 shares on Jun 1, 2016. The Insider buying transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.50 per share for a total value of $22,423.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Phillip Goldstein (Chairman and Secretary) purchased 4,000 shares at $13.06 per share price.On Apr 4, 2016, Charles C Walden (director) sold 4,303 shares at $13.06 per share price.Also, On Mar 4, 2016, Gerald Hellerman (CFO) purchased 971 shares at $12.45 per share price.On Feb 4, 2016, Andrew Dakos (President) purchased 2,000 shares at $12.46 per share price.

Special Opportunities Fund Inc. is a diversified closed-end management investment company. The Fund’s investment objective is to achieve total return. The Fund employs an opportunistic investment philosophy with a particular emphasis on investing in discounted closed-end funds undervalued operating companies and other attractive special situations including risk arbitrage and distressed securities. The Fund’s investment portfolio consists of investment companies common stocks money market funds preferred stocks convertible bonds promissory notes liquidation claims warrants corporate bonds rights and convertible preferred stocks. Bulldog Investors LLC is the investment advisor of the Fund.

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