GUGGENHEIM STRATEGIC OPPORTUNITIES FUND 1,500,000 Common Shares of Beneficial Interest ($0.01 par value) UNDERWRITING AGREEMENTUnderwriting Agreement • January 26th, 2012 • Guggenheim Strategic Opportunities Fund • New York
The undersigned, Guggenheim Strategic Opportunities Fund, a Delaware statutory trust (the “Fund”), Guggenheim Funds Investment Advisors, LLC, a Delaware limited liability company (the “Investment Adviser”), and Guggenheim Partners Asset Management, LLC, a Delaware limited liability company (the “Sub-Adviser” and together with the Investment Adviser, the “Advisers”), address you as underwriters and as the representatives (the “Representatives”) of each of the several underwriters named in Schedule I hereto (the “Underwriters”). The Fund proposes to sell to the Underwriters 1,500,000 shares of its common shares of beneficial interest, par value $0.01 per share (the “Common Shares”) (said shares to be issued and sold by the Fund being hereinafter called the “Underwritten Securities”). The Fund also proposes to grant to the Underwriters an option to purchase up to 225,000 additional Common Shares to cover over-allotments (the “Option Securities”; the Option Securities,
