Special Opportunities Fund Announces $0.70 Distribution, 80% in Stock

Special Opportunities Fund announces a year-end distribution of $0.70 per share payable in cash and stock. The distribution, consisting mainly of realized long-term capital gains, is taxable to stockholders in calendar year 2025 and aims to avoid excise taxes. Stockholders can elect to receive the distribution in cash or stock, with the total cash distributed limited to 20% of the total distribution. The exact distribution will depend on the volume-weighted average trading price of the Fund's common stock on January 20, 21, and 22, 2026.