(NYSE: GOF) Guggenheim Strategic Opportunities Fund (the “Fund”), a closed-end management investment company, announces that it is increasing its monthly dividend to $0.1694 per share, effective with its December 2012 dividend and it is declaring its December 2012 and January 2013 dividends. The Fund’s increased dividend compares to $0.1540 per share for the Fund’s most recent dividend. It is anticipated that the December 2012 distribution will consist solely of long-term capital gains. It is anticipated that the January 2013 distribution will consist of ordinary income. This increased dividend represents a distribution rate of 9.84% based upon the closing market price of $20.65 on November 30, 2012. The December 2012 dividend will be paid on December 31, 2012 to shareholders of record as of December 14, 2012 with an ex-dividend date of December 12, 2012. The January 2013 dividend will be paid on January 31, 2013 to shareholders of record as of January 15, 2013 with an ex-dividend date of January 11, 2013. For additional commentary, news, portfolio holdings and other regularly updated information, please visit the Fund’s website at www.guggenheiminvestments.com. Past performance is not indicative of future performance. If it is determined that a notification is required, pursuant to Section 19(a) of the Investment Company Act of 1940, as amended, such notice will be posted to the Fund’s website after the close of business three business days prior to the payable date. Distributions may be comprised of sources other than income, which may not reflect actual Fund performance.About Guggenheim Investments Guggenheim Investments represents the investment management division of Guggenheim Partners (“Guggenheim”), which consists of investment managers with approximately $137 billion in combined total assets*. Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offers clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe, and Asia.