SPECIAL OPPORTUNITIES FUND, INC. — Director's Dealing 2021

Jun 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPECIAL OPPORTUNITIES FUND, INC. (SPE)
CIK: 0000897802
Period of Report: 2021-06-23

Reporting Person: Lunder Marc (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-23	Common Stock	M	1369	—	Acquired	4869	Indirect
2021-06-23	Common Stock	M	1290	—	Acquired	4590	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-23	3.50% Convertible Preferred Stock Series B	$0	M	700	Disposed		Common Stock (1369)	Indirect
2021-06-23	3.50% Convertible Preferred Stock Series B	$0	M	660	Disposed		Common Stock (1290)	Indirect

Footnotes

F1: On June 23, 2021 the Reporting Person converted: (i) 700 shares of the Registrant's 3.50% Convertible Preferred Stock Series B held in the Reporting Person's SEP IRA into 1,369 shares of the Registrant's common stock and (ii) 660 shares of the Registrant's 3.50% Convertible Preferred Stock Series B held in the Reporting Person's Roth IRA into 1,290 shares of the Registrant's common stock.

F2: The shares of Preferred Stock are convertible into common stock immediately upon issuance at the current conversion ratio of 1.9558 shares of common stock for each share of Preferred Stock held, subject to adjustment.

F3: The Issuer has announced that, if not converted prior, the shares of Preferred Stock will be redeemed by the Issuer on July 9, 2021.