Special Opportunities Fund, Inc. (NYSE: SPE) today announced that it has entered into a standstill agreement with Delaware Enhanced Global Dividend and Income Fund (NYSE: DEX) in connection with the proposed reorganization of DEX into abrdn Global Dynamic Dividend Fund (NYSE :AGD).
Among other things, the agreement requires DEX to conduct a public tender offer to purchase up to 30% of its issued and outstanding common stock subject to shareholder approval of the proposed reorganization at a price equal to 98%. of its net asset value per share.
