Special Opportunities Fund, Inc. | |||||||
Portfolio of Investments | |||||||
March 31, 2024 | |||||||
(Unaudited) | |||||||
INVESTMENT COMPANIES - 100.55% | Shares | Value | |||||
Closed-End Funds - 86.59% | |||||||
AllianceBernstein National Municipal Income Fund, Inc. | 156,984 | $ | 1,725,253 | ||||
Bancroft Fund Ltd. | 22,345 | 357,297 | |||||
BlackRock California Municipal Income Trust | 141,453 | 1,671,974 | |||||
Blackstone Strategic Credit 2027 Term Fund | 42,295 | 503,311 | |||||
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. | 54,458 | 468,883 | |||||
BNY Mellon Municipal Income, Inc. | 621,787 | 4,246,805 | |||||
BNY Mellon Strategic Municipal Bond Fund, Inc. | 474,121 | 2,778,349 | |||||
Carlyle Credit Income Fund | 95,572 | 752,152 | |||||
Central and Eastern Europe Fund, Inc. | 188,883 | 1,798,166 | |||||
Central Securities Corp. | 219,394 | 9,164,087 | |||||
ClearBridge Energy Midstream Opportunity Fund, Inc. | 116,984 | 4,750,720 | |||||
ClearBridge MLP & Midstream Fund, Inc. | 97,213 | 4,450,411 | |||||
ClearBridge MLP & Midstream Total Return Fund, Inc. | 57,489 | 2,384,644 | |||||
Destra Multi-Alternative Fund | 216,567 | 1,693,554 | |||||
Dividend and Income Fund | 350,673 | 4,544,722 | |||||
DWS Municipal Income Trust | 1,175,285 | 10,612,824 | |||||
DWS Strategic Municipal Income Trust | 317,559 | 2,838,977 | |||||
Eaton Vance New York Municipal Bond Fund | 406,789 | 3,949,921 | |||||
Ellsworth Growth and Income Fund Ltd. | 76,934 | 624,704 | |||||
Federated Hermes Premier Municipal Income Fund | 4,839 | 53,568 | |||||
First Trust High Yield Opportunities 2027 Term Fund | 60,742 | 883,189 | |||||
Gabelli Dividend & Income Trust | 133,595 | 3,070,013 | |||||
General American Investors Co., Inc. | 324,541 | 15,094,402 | |||||
Herzfeld Caribbean Basin Fund, Inc. | 19,614 | 50,800 | |||||
High Income Securities Fund | 242,733 | 1,643,302 | |||||
Highland Opportunities and Income Fund | 310,059 | 2,179,715 | |||||
Invesco High Income 2024 Target Term Fund | 201,622 | 1,515,189 | |||||
Magellan Global Fund/Close Class | 5,000 | 7,038 | |||||
Mexico Equity & Income Fund, Inc. | 100,100 | 1,157,156 | |||||
MFS High Yield Municipal Trust | 764,782 | 2,546,724 | |||||
MFS Investment Grade Municipal Trust | 245,919 | 1,873,903 | |||||
MFS Special Value Trust | 588 | 2,617 | |||||
Miller/Howard High Dividend Fund | 64,067 | 710,503 | |||||
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 162,390 | 771,353 | |||||
Neuberger Berman Municipal Fund, Inc. | 179,440 | 1,878,737 | |||||
Neuberger Berman Next Generation Connectivity Fund, Inc. | 535,671 | 6,294,134 | |||||
New America High Income Fund, Inc. | 92,045 | 670,088 | |||||
Nuveen Multi-Asset Income Fund | 12,779 | 158,971 | |||||
Nuveen Preferred & Income Term Fund | 49,591 | 954,131 | |||||
NXG NextGen Infrastructure Income Fund | 17,263 | 671,013 | |||||
Pershing Square Holdings Ltd. Fund | 30,000 | 1,544,112 | |||||
Pershing Square Holdings Ltd. Fund | 10,000 | 515,800 | |||||
PGIM Short Duration High Yield Opportunities Fund | 20,310 | 312,368 | |||||
Principal Real Estate Income Fund | 201,915 | 2,085,782 | |||||
Royce Value Trust, Inc. | 83,173 | 1,261,734 | |||||
Saba Capital Income & Opportunities Fund | 237,096 | 1,728,430 | |||||
SRH Total Return Fund, Inc. | 1,116,522 | 16,814,820 | |||||
Taiwan Fund, Inc. | 96,474 | 3,822,300 | |||||
The Swiss Helvetia Fund, Inc. | 236,992 | 1,879,347 | |||||
Tortoise Energy Independence Fund, Inc. | 49,741 | 1,677,267 | |||||
Tortoise Power and Energy Infrastructure Fund, Inc. | 150,865 | 2,351,367 | |||||
Virtus Convertible & Income 2024 Target Term Fund | 114,903 | 1,011,721 | |||||
Virtus Total Return Fund, Inc. | 819,852 | 4,566,576 | |||||
Western Asset Global Corporate Defined Opportunity Fund, Inc. | 287 | 3,582 | |||||
Western Asset Intermediate Muni Fund, Inc. | 24,397 | 193,224 | |||||
141,271,730 | |||||||
Business Development Companies - 13.95% | |||||||
Barings BDC, Inc. | 205,560 | 1,911,708 | |||||
CION Investment Corp. | 899,218 | 9,891,398 | |||||
FS KKR Capital Corp. | 273,974 | 5,224,684 | |||||
Logan Ridge Finance Corp. | 81,161 | 1,825,311 | |||||
Portman Ridge Finance Corp. | 98,369 | 1,867,044 | |||||
Runway Growth Finance Corp. | 110,758 | 1,342,387 | |||||
SuRo Capital Corp. (a) | 154,890 | 704,750 | |||||
22,767,282 | |||||||
Total Investment Companies (Cost $141,941,343) | 164,039,012 | ||||||
Shares/Units | |||||||
SPECIAL PURPOSE ACQUISITION VEHICLES - 20.08% | |||||||
99 Acquisition Group, Inc. (a) | 154,727 | 1,593,688 | |||||
Agriculture & Natural Solutions Acquisition Corp. (a) | 25,000 | 253,875 | |||||
Ai Transportation Acquisition Corp. (a) | 57,331 | 589,363 | |||||
AP Acquisition Corp. (a) | 193,647 | 2,184,338 | |||||
Ares Acquisition Corp. II (a) | 161,985 | 1,712,181 | |||||
Colombier Acquisition Corp. II (a) | 61,998 | 636,719 | |||||
EVe Mobility Acquisition Corp. (a) | 34,200 | 374,148 | |||||
Feutune Light Acquisition Corp. (a) | 84,084 | 914,834 | |||||
Four Leaf Acquisition Corp. (a) | 67,644 | 723,114 | |||||
Global Lights Acquisition Corp. (a) | 314,976 | 3,206,456 | |||||
Haymaker Acquisition Corp. 4 (a) | 179,631 | 1,871,755 | |||||
IB Acquisition Corp. (a) | 214,860 | 2,150,749 | |||||
Inflection Point Acquisition Corp. II (a) | 326,335 | 3,415,096 | |||||
Investcorp Europe Acquisition Corp. I (a) | 154,932 | 1,746,084 | |||||
Nabors Energy Transition Corp. II (a) | 31,658 | 329,243 | |||||
New Providence Acquisition Corp. II (a) | 11,137 | 120,057 | |||||
Quetta Acquisition Corp. (a) | 167,742 | 1,707,614 | |||||
Screaming Eagle Acquisition Corp. (a) | 491,801 | 5,262,270 | |||||
TG Venture Acquisition Corp. (a)(c) | 309,207 | 3,342,528 | |||||
Trailblazer Merger Corp. I (a) | 59,479 | 629,288 | |||||
Total Special Purpose Acquisition Vehicles (Cost $32,013,995) | 32,763,400 | ||||||
Shares | |||||||
PREFERRED STOCKS - 0.22% | |||||||
Diversified REITs - 0.22% | |||||||
NexPoint Diversified Real Estate Trust (a) | 22,324 | 351,603 | |||||
Office REITs - 0.01% | |||||||
Brookfield DTLA Fund Office Trust Investor, Inc. (a) | 171,723 | 14,596 | |||||
Total Preferred Stocks (Cost $4,932,716) | 366,199 | ||||||
OTHER COMMON STOCKS - 6.63% | |||||||
Biotechnology - 0.37% | |||||||
Cyteir Therapeutics, Inc. (a)(c) | 200,000 | 602,000 | |||||
Broadline Retail - 0.61% | |||||||
Macy's, Inc. | 50,000 | 999,500 | |||||
Financial Services - 0.18% | |||||||
Cannae Holdings, Inc. (a) | 12,980 | 288,675 | |||||
Food Products - 0.24% | |||||||
Limoneira Co. | 20,000 | 391,200 | |||||
Oil, Gas & Consumable Fuels - 4.68% | |||||||
Texas Pacific Land Corp. | 13,200 | 7,636,332 | |||||
Real Estate Management & Development - 0.55% | |||||||
Howard Hughes Holdings, Inc. (a) | 12,000 | 871,440 | |||||
Trinity Place Holdings, Inc. (a) | 221,748 | 33,262 | |||||
904,702 | |||||||
Total Other Common Stocks (Cost $8,654,354) | 10,822,409 | ||||||
TRUSTS - 0.95% | |||||||
Copper Property CTL Pass Through Trust | 157,427 | 1,550,656 | |||||
Lamington Road Grantor Trust (a)(c) | 320,690 | 0 | |||||
Total Trusts (Cost $1,820,221) | 1,550,656 | ||||||
REAL ESTATE INVESTMENT TRUSTS - 1.55% | |||||||
Equity Commonwealth (a) | 70,431 | 1,329,737 | |||||
NexPoint Diversified Real Estate Trust | 181,020 | 1,194,732 | |||||
Total Real Estate Investment Trusts (Cost $3,672,340) | 2,524,469 | ||||||
Principal | |||||||
Amount | |||||||
CORPORATE OBLIGATIONS - 0.58% | |||||||
Lamington Road DAC (b)(c) | |||||||
8.000%, 2121-04-07 (a)(c) | $ | 17,891,840 | 715,673 | ||||
14.000%, 2121-04-07 (a)(c) | 1,804,866 | 239,145 | |||||
Total Corporate Obligations (Cost $6,979,698) | 954,818 | ||||||
UNSECURED NOTES - 1.79% | |||||||
Legacy IMBDS, Inc. (c) | |||||||
8.500%, 09/30/2026 | 23,458 | 0 | |||||
Sachem Capital Corp. (a) | |||||||
7.750%, 09/30/2025 | 99,347 | 2,472,747 | |||||
6.000%, 03/30/2027 | 20,000 | 454,400 | |||||
2,927,147 | |||||||
Total Unsecured Notes (Cost $3,530,125) | 2,927,147 | ||||||
Shares | |||||||
WARRANTS - 0.08% | |||||||
Agriculture & Natural Solutions Acquisition Corp. (a) | |||||||
Expiration: December 2028 | 12,500 | 2,250 | |||||
Exercise Price: $11.50 (a) | |||||||
Andretti Acquisition Corp. | |||||||
Expiration: March 2028 | 72,334 | 29,657 | |||||
Exercise Price: $11.50 (a) | |||||||
AtlasClear Holdings, Inc. (a) | |||||||
Expiration: October 2028 | 76,000 | 6,840 | |||||
Exercise Price: $11.50 (a) | |||||||
Blockchain Coinvestors Acquisition Corp. I | |||||||
Expiration: November 2028 | 32,500 | 1,320 | |||||
Exercise Price: $11.50 (a) | |||||||
Cactus Acquisition Corp. 1 Ltd. | |||||||
Expiration: October 2026 | 40,700 | 2,035 | |||||
Exercise Price: $11.50 (a) | |||||||
Cartesian Growth Corp. II | |||||||
Expiration: July 2028 | 21,986 | 2,273 | |||||
Exercise Price: $11.50 (a) | |||||||
Churchill Capital Corp. VII | |||||||
Expiration: February 2028 | 24,984 | 7,995 | |||||
Exercise Price: $11.50 (a) | |||||||
Colombier Acquisition Corp. II (a)(c) | |||||||
Expiration: December 2028 | 20,666 | 9,506 | |||||
Exercise Price: $11.50 (a) | |||||||
Corner Growth Acquisition Corp. | |||||||
Expiration: December 2027 | 33,333 | 5,033 | |||||
Exercise Price: $11.50 (a) | |||||||
Corner Growth Acquisition Corp. 2 | |||||||
Expiration: June 2026 | 14,366 | 646 | |||||
Exercise Price: $11.50 (a) | |||||||
Digital Health Acquisition Corp. | |||||||
Expiration: November 2028 | 58,000 | 7,441 | |||||
Exercise Price: $11.50 (a) | |||||||
HWH INTL INC WT EXP | |||||||
Expiration: January 2027 | 23,750 | 0 | |||||
Exercise Price: $1.00 (a)(e) | |||||||
iCoreConnect, Inc. | |||||||
Expiration: May 2028 | 150,000 | 1,500 | |||||
Exercise Price: $11.50 (a) | |||||||
Investcorp Europe Acquisition Corp. I | |||||||
Expiration: November 2028 | 150,000 | 5,250 | |||||
Exercise Price: $11.50 (a) | |||||||
Keyarch Acquisition Corp. | |||||||
Expiration: July 2028 | 75,000 | 3,885 | |||||
Exercise Price: $11.50 (a) | |||||||
Lamington Road | |||||||
Expiration: July 2025 | 640,000 | 0 | |||||
Exercise Price: $0.20 (a)(c)(e) | |||||||
Plutonian Acquisition Corp. | |||||||
Expiration: October 2027 | 101,969 | 2,957 | |||||
Exercise Price: $11.50 (a) | |||||||
Screaming Eagle Acquisition Corp. | |||||||
Expiration: December 2027 | 75,200 | 35,533 | |||||
Exercise Price: $11.50 (a) | |||||||
TG Venture Acquisition Corp. | |||||||
Expiration: August 2028 | 100,000 | 0 | |||||
Exercise Price: $11.50 (a)(e) | |||||||
ZyVersa Therapeutics, Inc. | |||||||
Expiration: December 2027 | 65,250 | 0 | |||||
Exercise Price: $11.50 (a)(c)(e) | |||||||
Total Warrants (Cost $313,163) | 124,121 | ||||||
RIGHTS - 0.05% | |||||||
Hudson Acquisition I Corp. (Expiration: April 18, 2024) (a) | 25,100 | 6,872 | |||||
Keyarch Acquisition Corp. (Epiration January 24, 2027) (a) | 150,000 | 37,500 | |||||
Nocturne Acquisition Corp. (Expiration December 26, 2025) (a) | 75,000 | 12,300 | |||||
Plutonian Acquisition Corp. (Expiration: October 26, 2027) (a) | 101,969 | 17,967 | |||||
Total Rights (Cost $69,575) | 74,639 | ||||||
MONEY MARKET FUNDS - 2.16% | |||||||
Fidelity Institutional Government Portfolio - Class I, 5.213% (d) | 1,761,739 | 1,761,739 | |||||
Invesco Treasury Portfolio - Institutional Class, 5.211% (d) | 5,690,591 | 1,761,739 | |||||
Total Money Market Funds (Cost $3,523,478) | 3,523,478 | ||||||
Total Investments (Cost $210,706,871) - 134.64% | 219,670,348 | ||||||
Liabilities in Excess of Other Assets - (0.15)% | (240,078) | ||||||
Preferred Stock - (34.49)% | (56,280,725) | ||||||
TOTAL NET ASSETS - 100.00% | $ | 163,149,545 |
Percentages are stated as a percent of net assets. |
(a) | Non-income producing security. | |||||
(b) | The coupon rate shown represents the rate at March 31, 2024. | |||||
(c) | Fair valued securities. The total market value of these securities was $4,899,346, representing 3.00% of net assets. Value determined using significant unobservable inputs. | |||||
(d) | The rate shown represents the seven-day yield at March 31, 2024. | |||||
(e) | Illiquid securities. The total market value of these securities was $0, representing 0.00% of net assets. |
The Schedule of Investments incorporates the Global Industry Classification Standard (GICS®). GICS was developed | |||||
by and/or is the exclusive property of MSCI, Inc. and Standard & Poors Financial Services LLC ("S&P"). GICS is a | |||||
service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. | |||||
The accompanying notes are an integral part of these financial statements. |
Valuation of investments—The Fund calculates its net asset value based on the current market value for its portfolio securities. The Fund normally obtains market values for its securities from independent pricing sources and broker-dealers. Independent pricing sources may use last reported sale prices or if not available the most recent bid price, current market quotations or valuations from computerized “matrix” systems that derive values based on comparable securities. A matrix system incorporates parameters such as security quality, maturity and coupon, and/or research and evaluations by its staff, including review of broker-dealer market price quotations, if available, in determining the valuation of the portfolio securities. If a market value is not available from an independent pricing source or a broker-dealer for a particular security, that security is valued at fair value as determined in good faith by or under the direction of the Fund’s Board of Directors (the “Board”). Various factors may be reviewed in order to make a good faith determination of a security’s fair value. Factors for other securities may include, but are not limited to, the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; and changes in overall market conditions. If events occur that materially affect the value of securities between the close of trading in those securities and the close of regular trading on the New York Stock Exchange, the securities may be fair valued. U.S. and foreign debt securities including short-term debt instruments having a maturity of 60 days or less shall be valued in accordance with the price supplied by a Pricing Service using the evaluated bid price. Money market mutual funds, demand notes and repurchase agreements are valued at cost, unless the Board or its delegate determines that this does not represent fair value. | |
The Fund has adopted fair valuation accounting standards that establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various input and valuation techniques used in measuring fair value. Fair value inputs are summarized in the three broad levels listed below: | |
Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. | |
Level 2—Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. | |
Level 3—Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. | |
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. | |
The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety. | |
The significant unobservable inputs used in the fair value measurement of the Fund’s Level 3 investments are listed in the table of valuation techniques and inputs. Significant changes in any of these inputs in isolation may result in a change in fair value measurement. | |
In accordance with procedures established by the Fund’s Board of Directors, the Adviser shall initially value non-publicly-traded securities (for which a current market value is not readily available) at their acquisition cost less related expenses, where identifiable, unless and until the Adviser determines that such value does not represent fair value. | |
The Adviser sends a memorandum to the Chairman of the Valuation Committee with respect to any non-publicly-traded securities that are valued using a method other than cost detailing the reason, factors considered, and impact on the Fund’s NAV. If the Chairman determines that such fair valuation(s) require the involvement of the Valuation Committee, a special meeting of the Valuation Committee is called as soon as practicable to discuss such fair valuation(s). The Valuation Committee of the Board consists of at least two non-interested Directors, as defined by the Investment Company Act of 1940. | |
In addition to special meetings, the Valuation Committee meets prior to each regular quarterly Board meeting. At each quarterly meeting, the Adviser delivers a written report (the “Quarterly Report”) regarding any recommendations of fair valuation during the past quarter, including fair valuations which have not changed. The Valuation Committee reviews the Quarterly Report, discusses the valuation of the fair valued securities with appropriate levels of representatives from the Adviser’s management, and, unless more information is required, approves the valuation of fair valued securities. | |
The Valuation Committee also reviews other interim reports as necessary. |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2024 in valuing the Fund's investments: | ||||||||||||||||
Quoted Prices in Active | Significant Other | |||||||||||||||
Markets for Identical | Observable Inputs | Unobservable Inputs | ||||||||||||||
Investments (Level 1) | (Level 2) | (Level 3)* | Total | |||||||||||||
Investment Companies | ||||||||||||||||
Closed-End Funds | $ | 141,271,730 | $ | - | $ | - | $ | 141,271,730 | ||||||||
Business Development Companies | 22,767,282 | - | - | 22,767,282 | ||||||||||||
Trusts | 1,550,656 | - | - | 1,550,656 | ||||||||||||
Preferred Stocks | ||||||||||||||||
Diversified REITs | 351,603 | - | - | 351,603 | ||||||||||||
Office REITs | - | 14,596 | - | 14,596 | ||||||||||||
Other Common Stocks | ||||||||||||||||
Biotechnology | - | - | 602,000 | 602,000 | ||||||||||||
Broadline Retail | 999,500 | - | - | 999,500 | ||||||||||||
Financial Services | 288,675 | 288,675 | ||||||||||||||
Food Products | 391,200 | - | - | 391,200 | ||||||||||||
Oil, Gas & Consumable Fuels | 7,636,332 | - | - | 7,636,332 | ||||||||||||
Real Estate Management & Development | 904,702 | - | - | 904,702 | ||||||||||||
Real Estate Investment Trusts | 2,524,469 | - | - | 2,524,469 | ||||||||||||
Special Purpose Acquisition Vehicles | 23,478,186 | 5,942,686 | 3,342,528 | 32,763,400 | ||||||||||||
Corporate Obligations | - | - | 954,818 | 954,818 | ||||||||||||
Unsecured Notes | 2,927,147 | - | - | 2,927,147 | ||||||||||||
Warrants | 119,051 | 5,070 | - | 124,121 | ||||||||||||
Rights | 74,639 | - | - | 74,639 | ||||||||||||
Money Market Funds | 3,523,478 | - | - | 3,523,478 | ||||||||||||
Total | $ | 208,808,650 | $ | 5,962,352 | $ | 4,899,346 | $ | 219,670,348 | ||||||||
*The Fund measures Level 3 activity as of the beginning and end of each financial reporting period. |
Level 3 Reconciliation Disclosure | ||||||||||||||||||||||||
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value: | ||||||||||||||||||||||||
Category | Special Purpose Acquisition Vehicles | Other Common Stocks | Trusts | Corporate Obligations | Unsecured Notes | Warrants | ||||||||||||||||||
Balance as of 12/31/2023 | $ | - | $ | - | $ | - | $ | 1,598,381 | $ | - | $ | - | ||||||||||||
Acquisitions | - | - | - | 718,436 | - | - | ||||||||||||||||||
Dispositions | - | - | - | - | - | - | ||||||||||||||||||
Transfers into (out of) Level 3 | 3,351,804 | 608,000 | - | - | - | 1,040 | ||||||||||||||||||
Accretion/Amortization | - | - | - | 5,024 | - | - | ||||||||||||||||||
Corporate Actions | - | - | - | - | - | 945 | ||||||||||||||||||
Realized Gain (Loss) | - | - | - | - | - | - | ||||||||||||||||||
Change in unrealized appreciation (depreciation) | (9,276 | ) | (6,000 | ) | - | (1,367,023 | ) | - | (1,985 | ) | ||||||||||||||
Balance as of 3/31/2024 | $ | 3,342,528 | $ | 602,000 | $ | - | $ | 954,818 | $ | - | $ | - | ||||||||||||
Change in unrealized appreciation (depreciation) during the period for Level 3 investments held at March 31, 2024 | $ | (9,276 | ) | $ | (6,000 | ) | $ | - | $ | (1,367,023 | ) | $ | - | $ | (1,985 | ) |
The following table presents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | |||
categorized within Level 3 as of March 31, 2024: |
Category | Fair Value March 31, 2024 | Valuation Methodologies | Unobservable Inputs | Range | Impact to valuation from an increase to input | ||||||
Special Purpose Acquisition Vehicles | $ | 3,342,528 | Reported Cash in Trust Account, Last Market Price Discount to Reported Cash in Trust Account | Market Price Discount to Reported Cash in Trust Account | $9.70-11.11 | Discount - Decrease | |||||
Other Common Stocks | 602,000 | Last trade price less 10% haircut (Shares un-registered) | Financial Assessments/ Company Announcements | 3.00-3.15 | Financial Assessments/ Company Announcements | ||||||
Trusts | - | Last Traded Price | Market Assessments | 0.00 | Significant changes in market conditions could result in direct and proportional changes in the fair value of the security | ||||||
Corporate Obligations | 954,818 | Last Traded Price, Company-Specific Information | Terms of the Note/ Company's Financial Assessments/ Company Announcements | 4.00-51.90 | Significant changes in company’s financials, changes to the terms of the notes or changes to the general business conditions impacting the company’s business may result in changes to the fair value of the securities | ||||||
Unsecured Notes | - | Last Traded Price, Company-Specific Information | Terms of the Note/ Company's Financial Assessments/ Company Announcements | 0.00 | Significant changes in company’s financials, changes to the terms of the notes or changes to the general business conditions impacting the company’s business may result in changes to the fair value of the securities | ||||||
Warrants | - | Last Traded Price | Market Assessments | 0.00-1.07 | Significant changes in market conditions could result in direct and proportional changes in the fair value of the security | ||||||