SPE: Potential Curve Ball For Bear Markets

  • The Special Opportunities Fund offers a unique investment strategy by focusing on discounted CEFs, BDCs, and SPACs, potentially defying bearish market trends. SPE's high yield, primarily from CEF and BDC holdings, supports its dividend, but a deeper discount to NAV is needed for a Buy. The fund's healthy balance sheet, limited leverage, and strategic share repurchases enhance its intrinsic value and potential for positive returns.