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AI brief of an SEC Form 8-K · SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Special Opportunities Fund asks SEC staff to review three proposed anti-takeover bylaws

Neutral Impact 3 of 5 legal/regulatory Written later

The fund sent a December 2, 2019 letter asking the SEC Division of Investment Management whether proposed bylaws on share ownership limits, majority voting for directors and continuing directors would violate the Investment Company Act of 1940. The Board has not adopted any of the proposed bylaws and says it will consider the staff's determination before acting, so no change to shareholder rights has taken effect.

Key points

  • Letter dated December 2, 2019 to the SEC Division of Investment Management, filed under Regulation FD on December 3, 2019
  • Three proposed bylaws: a share ownership limitation, a majority voting requirement for director election, and a continuing director bylaw
  • The Board has taken no action to adopt the proposed bylaws and will await the staff's determination

The filing

CompanySPECIAL OPPORTUNITIES FUND, INC. (SPE)
Form8-K, current report
Filed with the SECDec 4, 2019, 4:32 PM ET
Accession number0000894189-19-008131

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 04, 2019.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.