Special Opportunities Fund, Inc. General information (unaudited) The Fund Annual meeting of shareholders held on September 16, 2010 Proxy results Proposal to elect James Chadwick as a director: Proposal to elect Andrew Dakos as a director: Proposal to elect Phillip Goldstein as a director: Special Opportunities Fund, Inc. (the “Fund”) is a diversified, closed-end management investment company whose common shares trade on the New York Stock Exchange (“NYSE”). The Fund’s NYSE trading symbol is “SPE.” On April 21, 2010 the Fund’s symbol changed from “PIF” to “SPE.” Comparative net asset value and market price information about the Fund is available weekly in various publications. The Fund held an annual meeting of shareholders (the “Meeting”) on September 16, 2010 to vote on the following matters: The presence, in person or by proxy, of shareholders entitled to cast a majority of the votes entitled to be cast at the Meeting (i.e., the presence of a majority of the shares outstanding on the record date of July 30, 2010) was necessary to constitute a quorum for the transaction of business. At the Meeting, the holders of approximately 89.87% of the common stock outstanding as of the record date were represented in person or by proxy (5,999,853 votes), thus constituting a quorum for the matters to be voted upon by all shareholders at the Meeting. The actual voting results for the agenda items were as follows: FOR % of Quorum % of O/S WITHHELD 5,685,496 94.76% 85.16% 314,357 FOR % of Quorum % of O/S WITHHELD 5,682,636 94.71% 85.11% 317,217 FOR % of Quorum % of O/S WITHHELD 5,681,712 94.70% 85.10% 318,141 29 (1) To elect six directors to serve until the annual meeting of stockholders in 2011 and until their successors are elected and qualify or until they resign or are otherwise removed; (2) To transact such other business as may properly come before the meeting or any adjournment or postponement thereof.