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Special Opportunities Fund, Inc. Dividend Declaration

Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors has declared a quarterly cash dividend on the Fund’s 3.50% Convertible Preferred Stock, Series B.

The dividend is payable on June 30, 2020 to holders of record as of June 19, 2020, at the rate of $0.21875 per share.

Contacts:

John Buckel, U.S. Bank Global Fund Services (1-414-765-4255)

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