Special Opportunities Fund, Inc. (NYSE: SPE) (the "Fund") today announced that the Fund’s Board of Directors (the "Board") has declared the next three monthly dividends under the Fund’s managed distribution plan.

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.