Special Opportunities Fund, Inc. Dividend Declaration

NEW YORK–(BUSINESS WIRE)–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 28, 2019 to holders of record as of June
19, 2019, 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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