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Special Opportunities Fund, Inc. Dividend Declaration

SPE

NEW YORK

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 September 30, 2019 to holders of record as of September 19, 2019, at the rate of $0.21875 per share.

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