CSS LLC/IL filed Amendment No. 2 to a Schedule 13G on November 9, 2026, disclosing beneficial ownership of 816,968 common shares of Special Opportunities Fund, Inc., representing 7.234% of the class, based on a triggering event dated October 30, 2026.

Key Highlights

  • Beneficial ownership: CSS LLC/IL reported aggregate beneficial ownership of 816,968 shares of Special Opportunities Fund, Inc. common stock.
  • Percent of class: The 816,968 shares represent 7.234% of the class, according to the filing.
  • Sole voting and dispositive power: CSS LLC/IL holds sole voting power and sole dispositive power over all 816,968 shares, with no shared voting or dispositive power reported.
  • Triggering event date: The date of the event requiring this filing was October 30, 2026.
  • Component holdings noted: The filing states that CSS, LLC holds 122,529 common shares and 388,889 Preferred Shares with a conversion ratio of 1.7857.
  • Filer identity: The reporting person is CSS LLC/IL, an Illinois-organized entity located at 1 North Wacker Drive, Suite 3075, Chicago, Illinois 60606, signing through Mitchell R. Bialek, CCO.

CSS LLC/IL Reports Amended 13G Position in Special Opportunities Fund

CSS LLC/IL, an Illinois-organized entity, submitted Amendment No. 2 to its Schedule 13G regarding its holdings in Special Opportunities Fund, Inc. (CUSIP: 84741T104), whose principal executive offices are listed as c/o Ultimus Fund Solutions, LLC, 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246. The filing was signed by Mitchell R. Bialek in his capacity as CCO on November 9, 2026, with the triggering event dated October 30, 2026.

According to the filing, CSS LLC/IL beneficially owns 816,968 shares of common stock, equating to 7.234% of the class. The filing reports that all 816,968 shares are held with sole voting power and sole dispositive power. No shares are reported as held with shared voting or shared dispositive power. The filing notes that CSS, LLC holds 122,529 common shares and 388,889 Preferred Shares with a conversion ratio of 1.7857.

The filer certified that, to the best of its knowledge and belief, the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11," as stated in the filing's certification section. The filing designates the reporting person type as "OO" and does not identify CSS LLC/IL as a broker-dealer, bank, insurance company, investment company, investment adviser, or any other specified institutional category under the Schedule 13G rules.

What Was Disclosed

CSS LLC/IL filed Amendment No. 2 to a Schedule 13G disclosing 816,968 beneficially owned common shares of Special Opportunities Fund, Inc., equal to 7.234% of the class, with full sole voting and dispositive power and no shared power, based on an October 30, 2026 triggering event.