Guggenheim Strategic Opportunities Fund Announces Public Offering Of Common Shares

Guggenheim Strategic Opportunities Fund (the “Fund”)(NYSE: GOF) today announced that it has commenced a public offering of 1,500,000 common shares pursuant to the Fund’s effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). The Fund also intends to grant the underwriters a 45-day option to purchase up to 225,000 additional common shares to cover over-allotments, if any. Net proceeds of the offering will be used to make additional portfolio investments that are consistent with the Fund’s investment objective and for general corporate purposes.

Citigroup, Morgan Stanley and RBC Capital Markets are acting as book running managers for the offering. The offering of these securities will be made only by means of a prospectus. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained from the following addresses:

Citigroup Global Markets Inc.

Attn: Prospectus Department

Brooklyn Army Terminal

140 58th Street, 8th Floor

Brooklyn, NY 11220

Telephone: [phone]

Morgan Stanley & Co. LLC

Attn: Prospectus Department

180 Varick Street, 2nd Floor

New York, NY 10014

Telephone: [phone]

RBC Capital Markets, LLC

Attn: Prospectus Department

Three World Financial Center

200 Vesey Street, 8 th Floor

New York, NY 10281

Telephone: [phone]

Investors may also obtain these documents free of charge from the SEC’s website at www.sec.gov.

An investor should read the Fund’s preliminary prospectus supplement and accompanying base prospectus carefully before investing. The preliminary prospectus supplement and accompanying base prospectus contain important information about the Fund and its investment objective and policies, risks, charges and expenses.

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