2012 TAX INFORMATION

No common stock distributions were paid in 2012.

2011 TAX INFORMATION

No common stock distributions were paid in 2011.

2010 TAX INFORMATION

No common stock distributions were paid in 2010.

2009 TAX INFORMATION

The First Opportunity Fund (NYSE: FOFI) announced the final tax status for its 2009 common stock distributions as follows:

			Total Ordinary Dividends
Record Date	Payable Date	Amount per Share	Qualified	Non-Qualified	Long-Term Capital Gains	Return of Capital
12/28/09	12/31/09	$0.03	$0.03	--	--	--

2008 TAX INFORMATION

The First Opportunity Fund (NYSE: FOFI) announced the final tax status for its 2008 common stock distributions as follows:

			Total Ordinary Dividends
Record Date	Payable Date	Amount per Share	Qualified	Non-Qualified	Long-Term Capital Gains	Return of Capital
12/24/08	12/31/08	$0.13	$0.13	--	$0.00*	--

*Less than $0.005 per share