NEW YORK, April  13, 2026  (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc. (NYSE:SPE) (the &#34;Fund&#34;) today announced that the Fund&#39;s Board of Directors (the &#34;Board&#34;) has declared the next three monthly distributions

Special Opportunities Fund Announces Monthly Distributions For Second Quarter of 2026

SPE Announces Upcoming Monthly Distributions at 8% Annual Rate

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, April  13, 2026  (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc. (NYSE:SPE) (the &amp;#34;Fund&amp;#34;) today announced that the Fund&amp;#39;s Board of Directors (the &amp;#34;Board&amp;#34;) has declared the next three monthly distributions</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Special Opportunities Fund, Inc. has declared its next three monthly distributions at an annual rate of 8%, signaling strong ongoing cash flow. This move may bolster investor confidence and maintain interest in the fund&#039;s financial performance during 2026.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>SPE declares three monthly distributions at an 8% annual rate.</li><li>April distribution is $0.1087 per share, payable April 30, 2026.</li><li>Distributions are based on a net asset value of $16.31.</li><li>Shareholders may receive long-term capital gains or return of capital.</li><li>The board can amend or terminate the distribution plan at any time.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Special Opportunities Fund, Inc. (SPE)</strong>: The declared distributions enhance attractiveness for income-oriented investors.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This fits under Corporate Developments, highlighting the Fund&#039;s proactive approach to maintaining shareholder value through regular distributions amidst market fluctuations.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Monthly distributions are expected to support SPE’s stock price.</li><li>A stable cash flow could attract new investors seeking income.</li><li>Long-term capital gains distribution may provide additional upside.</li><li>Possible revision or termination of the distribution plan could affect investor sentiment.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Annual distribution rate is set at 8% based on 2026 projections.</li><li>Next payment on April 30, 2026, follows a record date of April 21.</li><li>The Fund&#039;s net asset value was $16.31 as of December 31, 2025.</li><li>Distributions may include long-term capital gains or a return of capital.</li><li>A cash dividend of $0.171875 is also declared for convertible preferred stock.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy SPE for attractive yield; expect price support from consistent distributions.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, April  13, 2026  (GLOBE NEWSWIRE) -- Special Opportunities Fund, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPE">SPE</a>) (the "Fund") today announced that the Fund's Board of Directors (the "Board") has declared the next three monthly distributions under the Fund's managed distribution plan.</p>  <p align="justify">Under the Fund's managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 8% (or 0.6667% per month) for 2026, based on the net asset value of $16.31 of the Fund's common shares as of December 31, 2025.</p>  <p align="justify">The next three distributions declared under the managed distribution plan are as follows:</p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="vertical-align: middle ; "><u>Month</u></td><td colspan="2" style="vertical-align: middle ; "><u>Rate</u></td><td style="vertical-align: middle ; "><u>Record Date</u></td><td style="vertical-align: middle ; "><u>Payable Date</u></td></tr><tr><td style="vertical-align: middle ; ">April</td><td colspan="2" style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: middle ; ">$0.1087</td><td style="vertical-align: middle ; ">April 21, 2026</td><td style="vertical-align: middle ; ">April 30, 2026</td></tr><tr><td style="vertical-align: middle ; ">May</td><td colspan="2" style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: middle ; ">$0.1087</td><td style="vertical-align: middle ; ">May 19, 2026</td><td style="vertical-align: middle ; ">May 29,2026</td></tr><tr><td style="vertical-align: middle ; ">June</td><td colspan="2" style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: middle ; ">$0.1087</td><td style="vertical-align: middle ; ">June 16, 2026</td><td style="vertical-align: middle ; ">June 30, 2026</td></tr><tr><td> </td><td colspan="2"> </td><td> </td><td> </td></tr></table> <p align="justify">Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital. To the extent that the Fund's net investment income and net realized capital gains exceed the aggregate amount distributed pursuant to the managed distribution plan, the Fund may make an additional year-end distribution. No conclusions should be drawn about the Fund's investment performance from the amount of the distributions. The Board may amend the terms of the managed distribution plan or terminate the plan at any time.</p>  <p align="justify">The Fund will issue a notice to stockholders that will provide an estimate of the composition of each distribution. For tax reporting purposes the actual composition of the total amount of distributions for each year will continue to be provided on a Form 1099-DIV issued after the end of the year.</p>  <p align="justify">Additionally, the Board has declared a cash dividend of $0.171875 per share on the Fund's 2.75% Convertible Preferred Stock, Series C. The dividend is payable on June 30, 2026 to holders of record as of June 16, 2026. (In the first quarter of 2026, a dividend of $0.171875 was paid on or about March 31, 2026 to holders of record as of March 20, 2026.)</p>  <p>Contact: Ultimus Fund Solutions, <a href="https://www.globenewswire.com/Tracker?data=G4X5XZZkzSqaEUoKoyr3q4sGBfKoZuvJ9k6dtQM4XcjuoG6Hw8p17Z7wgtRWsdhePGVaNQ5Sg6biYOCFnt5tlgRFHRYKEfzdr85adzwXGlng_t1L1fqz_oMV_iWVeZTLybZrM3x1LC08MhkvTYS4kg==" rel="nofollow" target="_blank">BulldogFA@ultimusfundsolutions.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4ODk4NiM3NTMzNDYxIzIzMTAxNTc="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OTRlNzlhODgtM2IwYS00ZGQ2LThmZTgtMDRhM2ExNGRlODgwLTEzMjE3MDctMjAyNi0wNC0xMy1lbg==/tiny/Special-Opportunities-Fund-Inc.png" referrerpolicy="no-referrer-when-downgrade"></img>

Special Opportunities Fund, Inc. has declared its next three monthly distributions at an annual rate of 8%, signaling strong ongoing cash flow. This move may bolster investor confidence and maintain interest in the fund's financial performance during 2026.

Special Opportunities Fund Announces Monthly Distributions For Second Quarter of 2026

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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