X0306 4 2020-06-08 0 0000897802 SPECIAL OPPORTUNITIES FUND, INC. SPE 0001341021 Dakos Andrew C/O SPECIAL OPPORTUNITIES FUND, INC. 615 EAST MICHIGAN STREET MILWAUKEE WI 53202 1 1 0 0 President Common Stock 5921 D Common Stock 4336 I By Spouse Common Stock 633 I By Minor Children 3.50% Convertible Preferred Stock Series B 0 2020-06-08 4 P 0 1000 25.25 A Common Stock 1785 3200 D 3.50% Convertible Preferred Stock Series B 0 Common Stock 966 I By Spouse 3.50% Convertible Preferred Stock Series B 0 Common Stock 156 I By Minor Children The Reporting Person disclaims beneficial ownership of the securities owned by his spouse and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes. The Reporting Person disclaims beneficial ownership of the securities owned by his minor children and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes. The shares of Preferred Stock are convertible into common stock immediately upon issuance at the current conversion rate equivalent to a conversion price of $14.14 per share of common stock (which is a ratio of 1.7852 shares of common stock for each share of Preferred Stock held), subject to adjustment. If not converted prior, the shares of Preferred Stock will be redeemed by the Issuer on August 19, 2021. The shares of Preferred Stock are convertible into common stock immediately upon issuance at the current conversion ratio of 1.7852 shares of common stock for each share of Preferred Stock held, subject to adjustment. /s/ Stephanie Darling, Power of Attorney for Andrew Dakos 2020-06-10