Special Opportunities Fund Announces Share Repurchase Plan

Special Opportunities Fund

announced today that the Board of Directors has authorized a share repurchase program pursuant to which the Fund may purchase shares of its common stock without limitation when such shares are trading at a discount to net asset value subject to the “safe harbor” provisions set forth in Rule 10b-18 of the Securities Exchange Act of 1934. The program will become effective on April 19, 2013.