QUANTUMONLINE.COM SECURITY DESCRIPTION:  Special Opportunities Fund, Inc., 3.50% Cumulative Convertible Preferred Stock Series B, liquidation preference $25 per share, redeemable at the issuer's option any time following the second anniversary of the Expiration Date (8/26/2018) at $25 per share plus accrued and unpaid dividends. All outstanding shares of Convertible Preferred Stock as of August 19, 2021 (five years from the Expiration Date) will be mandatorily redeemed at a price of $25 per share. Cumulative distributions of 3.50% per annum ($0.875 per annum or $0.21875 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). Provided that certain holding period and other requirements are met, distributions may qualify (i) for the dividends received deduction in the case of corporate shareholders, and (ii) in the case of individual shareholders, as qualified dividend income eligible to be taxed at long term capital gains rates (see page 32 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 1.3158 common shares of Special Opportunities Fund, Inc. (NYSE: SPE), an initial conversion price of $19.00 per common share. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
NYSE Chart	3.50% $0.88	$25.00 $25.00	8/26/2018 8/19/2021	NF NF 11/20/2020	1.3158@$19.00 $19.00	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Company's Online Information Links

HOME PAGE:     http://www.specialopportunitiesfundinc.com/
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Company's Online SEC EDGAR Filings

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Address and Phone Numbers

Address:   615 East Michigan Street, Milwaukee, WI 53202
Main Phone Number	877-607-0414
Fax Number	Not Available
Corporate Communications   John Buckel, U.S. Bancorp Fund Services, LLC	414-765-4255
Toll Free Phone Number	877-607-0414