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First Opportunity Fund, Inc. Declares Dividend

  //business-finance.news-articles.net/content/200 .. irst-opportunity-fund-inc-declares-dividend.html
  Published in Business and Finance on Friday, December 18th 2009 at 16:15 GMT by Market Wire
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BOULDER, Colo.--([ BUSINESS WIRE ])--First Opportunity Fund, Inc. (NYSE: FF) announced today that it has declared a common stock dividend of $0.03 per share payable in cash on December 31, 2009, to holders of record on December 28, 2009. The dividend will consist entirely of net investment income. Stockholders will receive a 1099-DIV from their broker or transfer agent showing the tax characteristics of the distribution. The Fund is expected to trade ex-dividend on December 23, 2009.

For more information on the Fund, please visit us on the Web at [ www.firstopportunityfund.com ].

First Opportunity Fund, Inc. (formerly First Financial Fund, Inc.) is a closed-end, non-diversified management investment company. As of Friday, December 18, 2009, the Fund's net asset value ("NAV") was $7.41 per share and the closing market price was $5.91, which is a 20.2% discount to NAV.