# EDGAR Filing Document

**Accession Number:** 0000897802
**File Stem:** 0001145549-25-054589
**Filing Date:** 2025-8
**Character Count:** 48476
**Document Hash:** 2b2dc049a4ff2616f2b1a86c5e49417a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054589.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054589

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPECIAL OPPORTUNITIES FUND, INC.
- **CENTRAL INDEX KEY:** 0000897802

**ORGANIZATION NAME:**
- **EIN:** 133702911
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07528
- **FILM NUMBER:** 251263992

**BUSINESS ADDRESS:**
- **STREET 1:** C/O US BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 EAST MICHIGAN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-4319

**MAIL ADDRESS:**
- **STREET 1:** C/O US BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 EAST MICHIGAN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSURED MUNICIPAL INCOME FUND INC
- **DATE OF NAME CHANGE:** 19960213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAINEWEBBER PREMIER INSURED MUNICIPAL INCOME FUND INC
- **DATE OF NAME CHANGE:** 19930714

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Special Opportunities Fund, Inc.

- **b. Investment Company Act file number:** 811-07528

- **c. CIK number of Registrant:** 0000897802

- **d. LEI of Registrant:** 549300DGAJTGM6R4HK03

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 250 Pehle Avenue

  - **City:** Saddle Brook

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07663

  - **Telephone number:** 877-607-0414

**Item A.2. Information about the Series.**

- **a. Name of Series:** Special Opportunities Fund, Inc.

- **c. LEI of Series:** 549300DGAJTGM6R4HK03

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $242126621.14

**Total Liabilities:** $61275031.15

**Net Assets:** $180851589.99

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -2.31%               | 4.80%                | 2.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $113784.90               | $-2926330.92                               |
| Month 2  | $437728.97               | $4445398.69                                |
| Month 3  | $924580.23               | $4667342.15                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aldel Financial II Inc         | Aldel Financial II Inc                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     38904 | NS      | $408102.96    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AA MISSION ACQUISITION COR-A   | AA Mission Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    150000 | NS      | $14100.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SRH Total Return Fund Inc      | SRH Total Return Fund Inc                              | CUSIP: 101507101<br>LEI: 5493000XG0EMNJQ1SM17 | Long             | EC               | RF                | US        |   1116522 | NS      | $19740108.96  | 10.92%            |  |  |  | No            |                  1 | On Loan: No      |
| SuRo Capital Corp              | SuRo Capital Corp                                      | CUSIP: 86887Q109<br>LEI: 549300YR4IAV0VJFWN84 | Long             | EC               | CORP              | US        |    177650 | NS      | $1458506.50   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Total Return Securities Fund   | Total Return Securities Fund                           | CUSIP: 870875101<br>LEI: 549300HQZ0XPGTS5Q724 | Long             | EC               | RF                | US        |    106806 | NS      | $677150.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                 | Tejon Ranch Co                                         | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |    500000 | NS      | $8480000.00   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp        | Texas Pacific Land Corp                                | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $8451120.00   | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Tortoise Energy Infrastructure | Tortoise Energy Infrastructure Corp                    | CUSIP: 89147L886<br>LEI: 5493008P735YB22YPB89 | Long             | EC               | RF                | US        |     22900 | NS      | $1005081.02   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Total Return Fund Inc   | Virtus Total Return Fund Inc                           | CUSIP: 92835W107<br>LEI: 549300KKRHI4GF7RNQ81 | Long             | EC               | RF                | US        |    135422 | NS      | $843679.06    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Emerging Markets High Div | Voya Emerging Markets High Dividend Equity Fund        | CUSIP: 92912P108<br>LEI: 549300MBU0OQHUKI2Y86 | Long             | EC               | RF                | US        |     18818 | NS      | $111778.92    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVERBOX CORP IV-A            | Silverbox Corp IV                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      8322 | NS      | $8322.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Soulpower Acquisition Corp     | Soulpower Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $1506000.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp     | Soulpower Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $27000.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SIM Acquisition Corp I         | SIM Acquisition Corp I                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    250000 | NS      | $2605525.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SIM ACQUISITION CORP I-A       | SIM Acquisition Corp I                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    125000 | NS      | $33750.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tavia Acquisition Corp         | Tavia Acquisition Corp                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    200000 | NS      | $2050000.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tavia Acquisition Corp         | Tavia Acquisition Corp                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    150000 | NS      | $24750.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Acquisition Corp         | Titan Acquisition Corp                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $1567500.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AllianceBernstein National Mun | AllianceBernstein National Municipal Income Fund Inc   | CUSIP: 01864U106<br>LEI: MNYPOOOZYY8V01GEIT28 | Long             | EC               | RF                | US        |    601501 | NS      | $6201475.31   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ALDEL FINANCIAL II INC         | Aldel Financial II Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     19452 | NS      | $10115.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Andretti Acquisition Corp II   | Andretti Acquisition Corp II                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    105200 | NS      | $1091976.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRETTI ACQUISITION CORP -A   | Andretti Acquisition Corp II                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     52600 | NS      | $10520.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon AMT-Free Municipal  | BNY Mellon AMT-Free Municipal Bond Fund                | CUSIP: 05588R505<br>LEI: 549300NDMTLE22R06664 | Long             | EC               | RF                | US        |    336179 | NS      | $4343435.04   | 2.40%             |  |  |  | No            |                  3 | On Loan: No      |
| BNY Mellon Strategic Municipal | BNY Mellon Strategic Municipals Inc                    | CUSIP: 05588W108<br>LEI: 549300FH0LKMOBY7N332 | Long             | EC               | RF                | US        |    224070 | NS      | $1326494.40   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancroft Fund Ltd              | Bancroft Fund Ltd                                      | CUSIP: 059695106<br>LEI: 5493000X4Y1FB4G26P45 | Long             | EC               | RF                | US        |     25629 | NS      | $484388.10    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Barings BDC Inc                | Barings BDC Inc                                        | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | CORP              | US        |     11631 | NS      | $106307.34    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Technology and Priva | BlackRock Technology and Private Equity Term Trust     | CUSIP: 09260Q108<br>LEI: 549300G3XFQ7175KM723 | Long             | EC               | RF                | US        |    305194 | NS      | $2240123.96   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Technology Finance Co | Blue Owl Technology Finance Corp                       | CUSIP: 095924106<br>LEI: 254900G5EZJSOD3UKL16 | Long             | EC               | CORP              | US        |     26627 | NS      | $406061.75    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Strategic Municipal | BNY Mellon Strategic Municipal Bond Fund Inc           | CUSIP: 09662E109<br>LEI: 54930044KK4C1VDJ7M52 | Long             | EC               | RF                | US        |   1263605 | NS      | $7076188.00   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Municipal Bond Infr | BNY Mellon Municipal Bond Infrastructure Fund Inc      | CUSIP: 09662W109<br>LEI: 5493003OUY2BKGFZ2414 | Long             | EC               | RF                | US        |     71032 | NS      | $725947.04    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD DTLA FUND OFF       | Brookfield DTLA Fund Office Trust Investor Inc         | CUSIP: 112714209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    100000 | NS      | $5700.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cannae Holdings Inc            | Cannae Holdings Inc                                    | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |    380987 | NS      | $7943578.95   | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CEDAR REALTY TRUST INC         | Cedar Realty Trust Inc                                 | CUSIP: 150602506<br>LEI: 54930056URX93R2RSN82 | Long             | EP               | CORP              | US        |     30610 | NS      | $453181.05    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Securities Corp        | Central Securities Corp                                | CUSIP: 155123102<br>LEI: 549300D87MQ4TEVRK235 | Long             | EC               | RF                | US        |    219394 | NS      | $10500196.84  | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Bexil Investment Trust         | Bexil Investment Trust                                 | CUSIP: 25538A204<br>LEI: 549300GQF37VFS5FKW75 | Long             | EC               | RF                | US        |    350673 | NS      | $4703226.28   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Diversified Real Esta | NexPoint Diversified Real Estate Trust                 | CUSIP: 65340G205<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EC               | CORP              | US        |    111776 | NS      | $468341.44    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXPOINT DIV REAL ESTA         | NexPoint Diversified Real Estate Trust                 | CUSIP: 65340G304<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EP               | CORP              | US        |     22324 | NS      | $306064.27    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OFS Capital Corp               | OFS Capital Corp                                       | CUSIP: 67103B100<br>LEI: 549300XTK3HSWPDBJD13 | Long             | EC               | CORP              | US        |     69040 | NS      | $582697.60    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal High Income  | Pioneer Municipal High Income Opportunities Fund Inc   | CUSIP: 723760104<br>LEI: 5493005BKX8X756MKL25 | Long             | EC               | RF                | US        |       286 | NS      | $3374.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal High Income  | Pioneer Municipal High Income Advantage Fund Inc       | CUSIP: 723762100<br>LEI: UE8ZNXHQH48NNA19I459 | Long             | EC               | RF                | US        |     65545 | NS      | $544023.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal High Income  | Pioneer Municipal High Income Fund Trust               | CUSIP: 723763108<br>LEI: 1SKUXW31ZFWF61CETQ82 | Long             | EC               | RF                | US        |     34844 | NS      | $319171.04    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Portman Ridge Finance Corp     | Portman Ridge Finance Corp                             | CUSIP: 73688F201<br>LEI: 254900YM5BVQKA01I468 | Long             | EC               | CORP              | US        |     82217 | NS      | $1029356.84   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Real Estate Income F | Principal Real Estate Income Fund                      | CUSIP: 74255X104<br>LEI: 549300HK3LIJEGLGMK36 | Long             | EC               | RF                | US        |    138384 | NS      | $1455799.68   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Holdings Ltd/F | Pershing Square Holdings Ltd/Fund                      | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | EC               | RF                | GG        |     30000 | NS      | $1601877.78   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Platinum Asia Investments Ltd  | Platinum Asia Investments Ltd                          | CUSIP: N/A<br>LEI: 549300836DYWB3XCP779       | Long             | EC               | RF                | AU        |   2220947 | NS      | $1556728.31   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cayson Acquisition Corp        | Cayson Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $21000.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bold Eagle Acquisition Corp    | Bold Eagle Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1047000.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Acquisition Corp     | Centurion Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    156250 | NS      | $1643750.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURION ACQUISITION CORP     | Centurion Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     78125 | NS      | $23437.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Cloud Star Acquisition Corp | DT Cloud Star Acquisition Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    130956 | NS      | $1359323.28   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| DT Cloud Star Acquisition Corp | DT Cloud Star Acquisition Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $11000.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dynamix Corp                   | Dynamix Corp                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    105820 | NS      | $1079364.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNAMIX CORP                   | Dynamix Corp                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     52910 | NS      | $20619.03     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Acquisition Corp II       | Ares Acquisition Corp II                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    185677 | NS      | $2103720.41   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NewHold Investment Corp III    | NewHold Investment Corp III                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1017000.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWHOLD INVESTMENT CORP II-A   | NewHold Investment Corp III                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     50000 | NS      | $16005.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Oaktree Acquisition Corp III L | Oaktree Acquisition Corp III Life Sciences             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     12500 | NS      | $130625.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OAKTREE ACQUISITION CORP I-A   | Oaktree Acquisition Corp III Life Sciences             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      2500 | NS      | $2187.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pelican Acquisition Corp       | Pelican Acquisition Corp                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1003000.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Pelican Acquisition Corp       | Pelican Acquisition Corp                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $19000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Holdings Ltd/F | Pershing Square Holdings Ltd/Fund                      | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | EC               | RF                | GG        |     10000 | NS      | $534000.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Capital Acquisition Corp | Range Capital Acquisition Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    175000 | NS      | $1785000.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Capital Acquisition Corp | Range Capital Acquisition Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    175000 | NS      | $43750.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER ACQUISITION CORP       | Voyager Acquisition Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     50000 | NS      | $14995.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZYVERSA THERAPEUTICS INC       | ZyVersa Therapeutics Inc                               | CUSIP: 98987D110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     65250 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Wen Acquisition Corp           | Wen Acquisition Corp                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     70000 | NS      | $739900.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CION Investment Corp           | CION Investment Corp                                   | CUSIP: 17259U204<br>LEI: 549300XN70JLF94XKX80 | Long             | EC               | CORP              | US        |    909621 | NS      | $8705072.97   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Opportunities Fu | Clough Global Opportunities Fund                       | CUSIP: 18914E106<br>LEI: 549300DTG68UBCNCPY15 | Long             | EC               | RF                | US        |    127291 | NS      | $691190.13    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Copper Property CTL Pass Throu | Copper Property CTL Pass Through Trust                 | CUSIP: 217519107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225780 | NS      | $2797414.20   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Capital BDC Inc       | Crescent Capital BDC Inc                               | CUSIP: 225655109<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EC               | CORP              | US        |     99489 | NS      | $1402794.90   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Destra Multi-Alternative Fund  | Destra Multi-Alternative Fund                          | CUSIP: 25065A502<br>LEI: N/A                  | Long             | EC               | RF                | US        |    223715 | NS      | $1957506.25   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance New York Municipal | Eaton Vance New York Municipal Bond Fund               | CUSIP: 27827Y109<br>LEI: 5493003LD9U89XVQ7W91 | Long             | EC               | RF                | US        |    307589 | NS      | $2857501.81   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellsworth Growth and Income Fu | Ellsworth Growth and Income Fund Ltd                   | CUSIP: 289074106<br>LEI: 549300GYFOXHCDQTI772 | Long             | EC               | RF                | US        |    114965 | NS      | $1178391.25   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGACY IMBDS INC               | Legacy IMBDS Inc                                       | CUSIP: 452465305<br>LEI: 5299009C9SZXPB0EEN07 | Long             | EP               | CORP              | US        |     23458 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Limoneira Co                   | Limoneira Co                                           | CUSIP: 532746104<br>LEI: 549300UCPZVJGYHI7550 | Long             | EC               | CORP              | US        |     20000 | NS      | $313000.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Logan Ridge Finance Corp       | Logan Ridge Finance Corp                               | CUSIP: 541098109<br>LEI: 5493007DZ22O2I4VJ124 | Long             | EC               | CORP              | US        |     81161 | NS      | $1541247.39   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                     | Macy's Inc                                             | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     50000 | NS      | $583000.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexico Equity and Income Fund  | Mexico Equity and Income Fund Inc/The                  | CUSIP: 592834105<br>LEI: 549300Q0OD8MQEFTBY23 | Long             | EC               | RF                | US        |    100100 | NS      | $1048047.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Investment Grade Municipal | MFS Investment Grade Municipal Trust                   | CUSIP: 59318B108<br>LEI: TQV30XJRB3S7V50XRW52 | Long             | EC               | RF                | US        |    245919 | NS      | $1878821.16   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS High Income Municipal Trus | MFS High Income Municipal Trust                        | CUSIP: 59318D104<br>LEI: 0G9TCUWY2FBUXSJY2691 | Long             | EC               | RF                | US        |    233756 | NS      | $836846.48    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS High Yield Municipal Trust | MFS High Yield Municipal Trust                         | CUSIP: 59318E102<br>LEI: A8WLLLHJKX1MW5QPZU93 | Long             | EC               | RF                | US        |    764782 | NS      | $2546724.06   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley India Investmen | Morgan Stanley India Investment Fund Inc               | CUSIP: 61745C105<br>LEI: 5LQ8NRKQLK2XRS19BS65 | Long             | EC               | RF                | US        |    243221 | NS      | $6866128.83   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman Next Generati | Neuberger Berman Next Generation Connectivity Fund Inc | CUSIP: 64133Q108<br>LEI: 549300GRTFKXVB9LQE61 | Long             | EC               | RF                | US        |    636454 | NS      | $9292228.40   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| New Germany Fund Inc/The       | New Germany Fund Inc/The                               | CUSIP: 644465106<br>LEI: 549300TPS2RTTJ8O3C08 | Long             | EC               | RF                | US        |    385918 | NS      | $4607860.92   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Runway Growth Finance Corp     | Runway Growth Finance Corp                             | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EC               | CORP              | US        |    453850 | NS      | $4869810.50   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMINGTON ROAD WT              | LAMINGTON ROAD WT                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | KY        |    640000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CHURCHILL CAPITAL CORP IX      | Churchill Capital Corp IX                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      1008 | NS      | $957.70       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBUS CIRCLE CAPITAL CO-A   | Columbus Circle Capital Corp I                         | CUSIP: N/A<br>LEI: 5299006WPUCKP6KOIM37       | N/A              | DE               | CORP              | US        |     25000 | NS      | $41500.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Copley Acquisition Corp        | Copley Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    100000 | NS      | $1007000.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| COPLEY ACQUISITION CORP-A      | Copley Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     50000 | NS      | $8380.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNER GROWTH ACQUISITION-A    | Corner Growth Acquisition Corp                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     33333 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CORNER GROWTH ACQUISITION -A   | Corner Growth Acquisition Corp 2                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     14366 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Crane Harbor Acquisition Corp  | Crane Harbor Acquisition Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1007000.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit | Drugs Made In America Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     72964 | NS      | $744232.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit | Drugs Made In America Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     72964 | NS      | $8770.27      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EQV Ventures Acquisition Corp  | EQV Ventures Acquisition Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    152200 | NS      | $1599622.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| EQV VENTURES ACQUISITION C-A   | EQV Ventures Acquisition Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     50733 | NS      | $37238.02     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionheart Holdings             | Lionheart Holdings                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    323525 | NS      | $3397012.50   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| LIONHEART HOLDINGS - CL A      | Lionheart Holdings                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    161762 | NS      | $53381.46     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Launch One Acquisition Corp    | Launch One Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    281100 | NS      | $2927656.50   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUNCH ONE ACQUISITION CORP    | Launch One Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    140550 | NS      | $37948.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Launch Two Acquisition Corp    | Launch Two Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    167659 | NS      | $1747006.78   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUNCH TWO ACQUISITION- CL A   | Launch Two Acquisition Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     41538 | NS      | $16615.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| M3-Brigade Acquisition V Corp  | M3-Brigade Acquisition V Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    137480 | NS      | $1552149.20   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-BRIGADE ACQUISITION V-A     | M3-Brigade Acquisition V Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     35925 | NS      | $62868.75     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Energy Transition Corp  | Nabors Energy Transition Corp II                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     21561 | NS      | $239327.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Roman DBDR Acquisition Corp II | Roman DBDR Acquisition Corp II                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    370000 | NS      | $3814700.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMAN DBDR ACQUISITION CORP    | Roman DBDR Acquisition Corp II                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    185000 | NS      | $92500.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Silverbox Corp IV              | Silverbox Corp IV                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     55093 | NS      | $603819.28    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio                          | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   8890281 | NS      | $8890280.53   | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| GDL Fund/The                   | GDL Fund/The                                           | CUSIP: 361570104<br>LEI: 5493000XKGL8ZPN99479 | Long             | EC               | RF                | US        |    171677 | NS      | $1432387.05   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Dividend & Income Trus | Gabelli Dividend & Income Trust/The                    | CUSIP: 36242H104<br>LEI: 549300082N1MHBT8NI60 | Long             | EC               | RF                | US        |    133595 | NS      | $3474805.95   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| General American Investors Co  | General American Investors Co Inc                      | CUSIP: 368802104<br>LEI: 254900MHIF9G7IS1T951 | Long             | EC               | RF                | US        |    324541 | NS      | $18187277.64  | 10.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Highland Opportunities and Inc | Highland Opportunities and Income Fund                 | CUSIP: 43010E404<br>LEI: 254900CMUE9FRYL2UR80 | Long             | EC               | RF                | US        |      5432 | NS      | $28246.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHLAND OPP & INC FUND        | Highland Opportunities and Income Fund                 | CUSIP: 43010E602<br>LEI: 254900CMUE9FRYL2UR80 | Long             | EP               | CORP              | US        |      1828 | NS      | $29010.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc     | Howard Hughes Holdings Inc                             | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |     12000 | NS      | $810000.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HWH INTL INC WT EXP            | HWH INTL INC WT EXP                                    | CUSIP: 44852G119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     23750 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| IB Acquisition Corp            | IB Acquisition Corp                                    | CUSIP: 44934N116<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    214860 | NS      | $8852.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICORECONNECT INC               | iCoreConnect Inc                                       | CUSIP: 450958111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    150000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Investcorp Credit Management B | Investcorp Credit Management BDC Inc                   | CUSIP: 46090R104<br>LEI: 549300ZRNRCSKPLGYQ55 | Long             | EC               | CORP              | US        |    115947 | NS      | $323028.34    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Smaller Capitalization F | Japan Smaller Capitalization Fund Inc                  | CUSIP: 47109U104<br>LEI: 5493000KJSHWEB3YKZ37 | Long             | EC               | RF                | US        |     37474 | NS      | $361249.36    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio     | Invesco Treasury Portfolio                             | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   8890281 | NS      | $8890280.53   | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Eureka Acquisition Corp        | Eureka Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      1000 | NS      | $220.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fact II Acquisition Corp       | Fact II Acquisition Corp                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    194000 | NS      | $1998200.00   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| FACT II ACQUISITION CORP       | Fact II Acquisition Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     97000 | NS      | $24250.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Flag Ship Acquisition Corp     | Flag Ship Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    137500 | NS      | $17861.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GigCapital7 Corp               | GigCapital7 Corp                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    192000 | NS      | $1992960.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GIGCAPITAL7 CORP-A             | GigCapital7 Corp                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    192000 | NS      | $28819.20     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Lights Acquisition Corp | Global Lights Acquisition Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     65000 | NS      | $703950.00    | 0.39%             |  |  |  | No            |                  3 | On Loan: No      |
| Graf Global Corp               | Graf Global Corp                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    184789 | NS      | $1932892.94   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAF GLOBAL CORP-CL A          | Graf Global Corp                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     92394 | NS      | $24946.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Haymaker Acquisition Corp 4    | Haymaker Acquisition Corp 4                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     50077 | NS      | $555854.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    204800 | NS      | $2109440.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    129800 | NS      | $35046.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Special Opportunities Fund, Inc.

**Signature:** /s/ Andrew Dakos

**Name of Signer:** Andrew Dakos

**Title:** President