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First Opportunity Fund, Inc. Announces New Ticker Symbol for OTC

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  Published in Business and Finance on Tuesday, May 11th 2010 at 11:35 GMT by Market Wire
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BOULDER, Colo.--([ BUSINESS WIRE ])--First Opportunity Fund, Inc. (NYSE: FF) announced that effective Wednesday, May 12, 2010, the Fund will begin trading under the ticker symbol aFOFIa in the over-the-counter market (the aOTCa). As part of transitioning to the OTC, the Financial Industry Regulatory Authority assigned aFOFIa as the Funda™s new ticker symbol. When the market opens on Wednesday, May 12, 2010, the Fund will no longer trade on the New York Stock Exchange (aNYSEa) and will only trade in the OTC.

As announced on May 6, 2010, because of stockholdersa™ approval of the restructuring proposals, including the proposal to make substantial investments in certain private investment funds (also known as hedge funds), the NYSE determined that trading in the Funda™s common stock should be suspended prior to market opening on Wednesday, May 12, 2010. As such, the Funda™s shares will close on the NYSE on Tuesday, May 11, 2010 and open in the OTC on Wednesday, May 12, 2010 under the symbol aFOFIa.

Stockholders are urged to contact their brokers directly regarding trading in the OTC.

For more information on the Fund, including information regarding the restructuring, please visit the Funda™s website at [ www.firstopportunityfund.com ]. The Funda™s proxy statement and supplemental proxy materials describing the restructuring are available on the Funda™s website.