Welcome to the Special Opportunities Fund, Inc. website

Special Opportunities Fund, Inc. (formerly, Insured Municipal Income Fund Inc.) was incorporated in Maryland on February 19, 1993, and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, as a closed-end diversified management investment company. Effective December 21, 2009, the Fund changed its name to the Special Opportunities Fund, Inc. and effective January 25, 2010 changed its investment objective to total return.

The Fund’s investment advisor, Bulldog Investors LLP, employs an opportunistic investment philosophy with a particular emphasis on investing in discounted closed-end funds, undervalued operating companies, and other attractive special situations including risk arbitrage and distressed securities. Please see this September 2023 interview (PDF) with Bulldog Investors and this November 2023 story about activism in closed-end funds.

There can be no assurance that the Fund’s investment objective will be achieved.

Before investing in the Fund, prospective investors should consider carefully the Fund’s investment objective(s), risks, and charges and expenses. To obtain the Fund’s most recent annual and semi-annual shareholder report contact your financial advisor or download a copy here.

Copyright Special Opportunities Fund, Inc. ©2025. All rights reserved. Reproduction of Special Opportunities Fund, Inc. Web site, in whole or in part, other than for personal, non-commercial use, by copying, entry into any date-retrieval system, or digital transmission onto a public electronic forum, without prior written permission, is strictly forbidden. This Web site is not an offer to sell nor a solicitation of an offer to buy securities of Special Opportunities Fund, Inc. or of any of the other securities mentioned herein. This Web site is not intended to provide information regarding Special Opportunities Fund, Inc. in any manner or to any person except in compliance with applicable law.