<SEC-DOCUMENT>0001193125-23-097503.txt : 20230411
<SEC-HEADER>0001193125-23-097503.hdr.sgml : 20230411
<ACCEPTANCE-DATETIME>20230411122557
ACCESSION NUMBER:		0001193125-23-097503
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230411
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230411
DATE AS OF CHANGE:		20230411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
		CENTRAL INDEX KEY:			0001380936
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21982
		FILM NUMBER:		23812875

	BUSINESS ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-827-0100

	MAIL ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLAYMORE/GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
		DATE OF NAME CHANGE:	20090630

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Claymore/Guggenheim Strategic Opportunities Fund
		DATE OF NAME CHANGE:	20070605

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Claymore Strategic Opportunities Fund
		DATE OF NAME CHANGE:	20061113
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d683081d8k.htm
<DESCRIPTION>GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
<TEXT>
<HTML><HEAD>
<TITLE>Guggenheim Strategic Opportunities Fund</TITLE>
</HEAD>


 <body style="margin-top:0.0pt;width:595pt;" bgcolor="white">
  <div> <div><a name="xx_d8601740-52f9-495f-8429-7c1083212b88_1"></A> <div style="page-break-after:always;"> <div style="clear:both;"> </div>
<div style="float:left;margin-left:39pt;margin-top:36pt;width:516pt;min-height:732pt;"> <div style="line-height:1.0pt;text-align:center;">
<hr style="background-color:#000000;height:0.75pt;margin-bottom:0pt;margin-left:0%;margin-top:0pt;text-align:left;top:-2.74pt;width:516pt;">
<hr style="background-color:#000000;height:0.75pt;margin-bottom:0pt;margin-left:0%;margin-top:-0.74pt;text-align:left;width:516pt;"><font style="color:#000000;font-family:Arial;font-size:1pt;line-height:1pt;margin-left:0%;">&#8195;</font></div>
<div style="line-height:14.02pt;margin-top:7.00pt;text-align:center;"><font style="color:#000000;font-family:Times New Roman;font-size:12.02pt;font-weight:bold;margin-left:0%;">UNITED STATES</font> <br> <br><font
style="color:#000000;font-family:Times New Roman;font-size:12.02pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div> <div style="line-height:10.02pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:8.02pt;font-weight:bold;margin-left:0%;">WASHINGTON, D.C. 20549</font><font style="color:#000000;font-family:Times New Roman;font-size:8pt;font-weight:bold;line-height:8pt;">&#8195;</font>
<hr style="background-color:#000000;height:0.75pt;margin-bottom:0pt;margin-top:5.0pt;width:120pt;"><font style="color:#000000;font-family:Times New Roman;font-size:8pt;font-weight:bold;line-height:8pt;">&#8195;</font></div>
<div style="line-height:18.04pt;margin-top:7.00pt;text-align:center;"><font style="color:#000000;font-family:Times New Roman;font-size:16.04pt;font-weight:bold;margin-left:0%;">FORM 8-K</font> <br> <br><font
style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:bold;">CURRENT REPORT</font></div> <div style="line-height:14.02pt;margin-top:8.00pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:12.02pt;font-weight:bold;margin-left:0%;">Pursuant to Section 13 or 15(d) of the</font> <br>
<br><font style="color:#000000;font-family:Times New Roman;font-size:12.02pt;font-weight:bold;">Securities Exchange Act of 1934</font></div> <div style="line-height:12.02pt;margin-top:8.00pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0%;">Date of report (Date of earliest event reported): April 11, 2023 (March 27, 2023)</font><font
style="color:#000000;font-family:Times New Roman;font-size:8pt;line-height:8pt;">&#8195;</font> <hr style="background-color:#000000;height:0.75pt;margin-bottom:0pt;margin-top:5.0pt;width:120pt;"><font
style="color:#000000;font-family:Times New Roman;font-size:8pt;line-height:8pt;">&#8195;</font></div> <div style="line-height:24.04pt;margin-top:7.00pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:22.04pt;font-weight:bold;margin-left:0%;">Guggenheim Strategic Opportunities Fund</font></div> <div style="line-height:10.02pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:8.02pt;font-weight:bold;margin-left:0%;">(Exact name of Registrant as Specified in Its Charter)</font></div> <div style="line-height:10.02pt;margin-top:11.02pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:8.02pt;font-weight:bold;line-height:10.02pt;margin-left:0%;">&#8195;</font><font style="color:#000000;font-family:Times New Roman;font-size:8pt;font-weight:bold;line-height:8pt;">&#8195;</font>

 <hr style="background-color:#000000;height:0.75pt;margin-bottom:0pt;margin-top:5.0pt;width:120pt;"><font style="color:#000000;font-family:Times New Roman;font-size:8pt;font-weight:bold;line-height:8pt;">&#8195;</font><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;font-weight:bold;line-height:1pt;">&#8195;</font></div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;width:516pt;" cellpadding="0" cellspacing="0">
<tr style="height:auto;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:171pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Delaware</font></div>
<div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">(State or other jurisdiction</font></div>
<div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">of incorporation)</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:171pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">811-21982</font></div>
<div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">(Commission File Number)</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:174pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:6pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">20-5997403</font></div>
<div style="margin-left:3pt;margin-right:6pt;text-align:Center;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">(I.R.S. Employer</font></div>
<div style="margin-left:3pt;margin-right:6pt;text-align:Center;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Identification No.)</font></div> </div> </td> </tr> </table> </div>
<div style="line-height:1.0pt;text-align:center;"><font style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;margin-left:0%;">&#8195;</font></div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;width:516pt;" cellpadding="0" cellspacing="0">
<tr style="height:auto;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:256.5pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">227 West Monroe Street</font></div> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Chicago, Illinois</font></div> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">(Address of principal executive offices)</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:259.5pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:6pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">60606</font></div>
<div style="margin-left:3pt;margin-right:6pt;text-align:Center;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">(Zip Code)</font></div> </div> </td> </tr> </table> </div>
<div style="line-height:12.02pt;margin-top:8pt;text-align:center;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0%;">Registrant&#8217;s telephone number, including area code: (312) 827-0100</font></div>
<div style="line-height:12.02pt;margin-top:8.00pt;text-align:center;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0%;">N/A</font> <br> <br><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">(Former name or former address, if changed since last report)</font><font style="color:#000000;font-family:Times New Roman;font-size:8pt;line-height:8pt;">&#8195;</font>
<hr style="background-color:#000000;height:0.75pt;margin-bottom:0pt;margin-top:5.0pt;width:120pt;"><font style="color:#000000;font-family:Times New Roman;font-size:8pt;line-height:8pt;">&#8195;</font></div>
<div style="line-height:12.02pt;margin-top:9.00pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">registrant under any of the following provisions (see General Instruction&nbsp;A.2. below):</font><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;width:516pt;" cellpadding="0" cellspacing="0">
<tr style="height:13.5pt;">
<td style="background-color:#FFFFFF;padding-bottom:3.5pt;padding-top:3.5pt;vertical-align:Top;width:16pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-right:6pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10pt;">&#9744;</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:3.5pt;padding-top:3.5pt;vertical-align:Top;width:500pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div> </div> </td> </tr>
<tr style="height:14pt;">
<td style="background-color:#FFFFFF;padding-bottom:3.5pt;padding-top:3.5pt;vertical-align:Top;width:16pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-right:6pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10pt;">&#9744;</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:3.5pt;padding-top:3.5pt;vertical-align:Top;width:500pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div> </div> </td> </tr>
<tr style="height:14pt;">
<td style="background-color:#FFFFFF;padding-bottom:3.5pt;padding-top:3.5pt;vertical-align:Top;width:16pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-right:6pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10pt;">&#9744;</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:3.5pt;padding-top:3.5pt;vertical-align:Top;width:500pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR&nbsp;240.14d-2(b))</font></div> </div> </td> </tr>
<tr style="height:10.5pt;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.5pt;vertical-align:Top;width:16pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-right:6pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10pt;">&#9744;</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.5pt;vertical-align:Top;width:500pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div> </div> </td> </tr> </table> </div>
<div style="line-height:12.02pt;margin-top:10pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the
Securities Act of </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). Emerging </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">growth company&nbsp;</font><font style="color:#000000;font-family:Times New Roman;font-size:10pt;">&#8194;&#9744;</font></div>
<div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the
extended transition period for </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;</font><font style="color:#000000;font-family:Times New Roman;font-size:10pt;">&#8194;&#9744;</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Securities registered pursuant to Section&nbsp;12(b)&nbsp;of the
Act:</font><font style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div> <div style="line-height:1.0pt;margin-top:11.00pt;text-align:left;"> </div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;width:516pt;" cellpadding="0" cellspacing="0">
<tr style="height:14pt;">
<td style="background-color:#FFFFFF;padding-bottom:4pt;padding-top:4pt;vertical-align:Bottom;width:171pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:8.5pt;font-weight:bold;">Title of each class</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:4pt;padding-top:4pt;vertical-align:Bottom;width:171pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:8.5pt;font-weight:bold;">Trading Symbol(s)</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:4pt;padding-top:4pt;vertical-align:Bottom;width:174pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:6pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:8.5pt;font-weight:bold;">Name of each exchange on which registered</font></div> </div> </td> </tr>
<tr style="height:23.02pt;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:4pt;vertical-align:Top;width:171pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Common Shares of Beneficial Interest, </font></div> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">$0.01 par value</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:4pt;vertical-align:Top;width:171pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:3pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">GOF</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:4pt;vertical-align:Top;width:174pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="margin-left:3pt;margin-right:6pt;text-align:Center;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">New York Stock Exchange</font></div> </div> </td> </tr> </table> </div> <div style="line-height:2.75pt;margin-top:8pt;text-align:center;">
<hr style="background-color:#000000;height:0.75pt;margin-bottom:2pt;margin-left:0%;margin-top:8.0pt;position:relative;text-align:left;top:-1.02pt;width:516pt;">
<hr style="background-color:#000000;height:0.75pt;margin-bottom:2pt;margin-left:0%;margin-top:2.0pt;position:relative;text-align:left;top:-1.02pt;width:516pt;"><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;margin-left:0%;">&#8195;</font></div> </div> </div> </div> <div style="float:left;margin-bottom:5.0pt;width:100%;"> </div>
<hr style="clear:both;margin-bottom:0.25pt;margin-left:0.25pt;margin-right:0.25pt;margin-top:40.0pt;"> </div> <div> <div><a name="xx_64ca3a6c-1aa8-48b7-ae60-e18024517193_1"></A> <div style="page-break-after:always;"> <div style="clear:both;"> </div>
<div style="float:left;margin-left:39pt;margin-top:36pt;width:516pt;min-height:696pt;"> <div style="line-height:12.02pt;margin-top:7pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;">Item
1.01. Entry into a Material Definitive Agreement.</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:24pt;">Guggenheim Strategic
Opportunities Fund (NYSE: GOF) (the &#8220;Fund&#8221;) has entered into a Controlled Equity </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Offering</font><font
style="color:#000000;font-family:Times New Roman;font-size:6.5pt;position:relative;top:-2.75pt;">SM</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&nbsp;Sales Agreement, dated July&nbsp;1, 2019, as amended by
First&nbsp;Amendment to Controlled Equity
Offering</font><font style="color:#000000;font-family:Times New Roman;font-size:6.5pt;position:relative;top:-2.75pt;">SM</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&nbsp;Sales </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Agreement, dated February&nbsp;1, 2021, Second Amendment to Controlled&nbsp;Equity Offering</font><font
style="color:#000000;font-family:Times New Roman;font-size:6.5pt;position:relative;top:-2.75pt;">SM</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&nbsp;Sales Agreement, dated </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">September&nbsp;16, 2021, and Third Amendment to Controlled Equity Offering</font><font
style="color:#000000;font-family:Times New Roman;font-size:6.5pt;position:relative;top:-2.75pt;">SM</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&nbsp;Sales&nbsp;Agreement, dated March&nbsp;27, 2023 (as </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">amended, the &#8220;Sales Agreement&#8221;) by and among the Fund, Guggenheim Funds Investment Advisors, LLC, and Cantor </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Fitzgerald &amp; Co. (&#8220;Cantor Fitzgerald&#8221;) relating to the Fund&#8217;s common shares of beneficial interest, par value $0.01 per share </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">(the &#8220;Common Shares&#8221;). In accordance with the terms of the Sales Agreement, the Fund may&nbsp;offer and sell Common Shares </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">having an aggregate initial offering price of up to $330,024,727, from time to time, through&nbsp;Cantor Fitzgerald as agent for the </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Fund for the offer and sale of the Common Shares (the &#8220;Offering&#8221;).</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:24pt;">The Offering has been made pursuant to a prospectus supplement, dated March 28, 2023, and the accompanying </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">prospectus, dated September 20, 2021, each of which constitute part of the Fund&#8217;s effective shelf registration statement on Form </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">N-2 (File No. 333-259592) previously filed with the Securities and Exchange Commission (the &#8220;Registration Statement&#8221;).</font></div>
<div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:24pt;">The foregoing description of the Sales Agreement does not purport to be complete and is
qualified in its entirety by </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">reference to the full text of the Sales Agreement, which is in part incorporated by reference to the Registration Statement and in </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">part filed with this report as Exhibit 1.1 and incorporated herein by reference.</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;">Item 8.01. Other Events.</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:24pt;">On March 28, 2023, the Fund commenced the Offering pursuant to the Registration Statement. The Fund incorporates by </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">reference the exhibit filed herewith into the Registration Statement.</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;">Item 9.01. Financial Statements and Exhibits.</font></div> <div> <div style="clear:both;margin-top:10.00pt;position:relative;width:100%;">
<div style="float:left;line-height:12.02pt;margin-left:24pt;text-align:left;width:11.68pt;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">(d)</font></div>
<div style="float:left;line-height:12.02pt;margin-left:4.32pt;text-align:left;width:471.00pt;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Exhibits</font><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div> </div> <div style="clear:both;position:relative;"> </div> </div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;width:516pt;" cellpadding="0" cellspacing="0">
<tr style="height:auto;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:24.52pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-right:12pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">1.1</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:491.48pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-left:12pt;text-align-last:Justify;white-space:nowrap;"><a href="d683081dex991.htm">
<font style="font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;text-decoration:underline;">Third Amendment to Controlled Equity Offering</font><font
style="color:#0000FF;font-family:Times New Roman;font-size:6.5pt;margin-left:0.0pt;position:relative;text-decoration:underline;top:-2.75pt;">SM</font><font
style="font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;text-decoration:underline;"> Sales Agreement, dated March 27, 2023, by and among the Fund, </font></A></div> <div style="margin-left:12pt;text-align:Left;white-space:nowrap;"><a href="d683081dex991.htm">
<font style="font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;text-decoration:underline;">Guggenheim Funds Investment Advisors, LLC, and Cantor Fitzgerald &amp; Co.</font></A></div> </div> </td> </tr> </table> </div>
<div style="line-height:11.02pt;text-align:left;"> </div> </div> <div style="clear:both;"> </div> <div style="float:left;margin-left:39pt;margin-top:12pt;width:516pt;min-height:12pt;"> <div style="line-height:10.02pt;text-align:center;"><font
style="color:#000000;font-family:Arial;font-size:10.02pt;line-height:10.02pt;margin-left:0%;">1</font></div> </div> </div> </div> <div style="float:left;margin-bottom:5.0pt;width:100%;"> </div>
<hr style="clear:both;margin-bottom:0.25pt;margin-left:0.25pt;margin-right:0.25pt;margin-top:40.0pt;"> </div> <div> <div><a name="xx_b1d74e46-9713-4e5f-88a0-7c5b644c13f7_1"></A> <div style="page-break-after:always;"> <div style="clear:both;"> </div>
<div style="float:left;margin-left:39pt;margin-top:36pt;width:516pt;min-height:696pt;">
<div style="line-height:12.02pt;margin-top:7pt;text-align:center;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0%;">SIGNATURES</font></div>
<div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">its behalf by the undersigned hereunto duly authorized.</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;line-height:12.02pt;">&#8195;</font><font style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;margin-left:0%;">&#8195;</font></div>
<div style="margin-top:0.0pt;">
<table style="empty-cells:show;margin-left:240pt;width:240pt;" cellpadding="0" cellspacing="0">
<tr style="height:auto;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:240pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">GUGGENHEIM STRATEGIC OPPORTUNITIES FUND</font></div> </div> </td> </tr> </table> </div> <div style="line-height:1.0pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;margin-left:240pt;width:240pt;" cellpadding="0" cellspacing="0">
<tr style="height:13.35pt;">
<td style="background-color:#FFFFFF;padding-bottom:3.35pt;padding-top:3.35pt;vertical-align:Top;width:20.47pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-right:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">By:</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.35pt;padding-top:1.35pt;vertical-align:Top;width:219.53pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="border-bottom:0.5pt solid #3F3F3F;margin-left:6pt;padding-bottom:1pt;">
<div style="text-align:Left;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">/s/ Mark E. Mathiasen</font></div> </div> </div> </td> </tr>
<tr style="height:21.37pt;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.35pt;vertical-align:Top;width:20.47pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="margin-right:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">&nbsp;</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.35pt;vertical-align:Top;width:219.53pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Name:&#8194;Mark E. Mathiasen</font></div> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Title:&#8195;Secretary</font></div> </div> </td> </tr> </table> </div> <div style="line-height:12.02pt;margin-top:10pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Date:&#8195;April 11, 2023</font></div> </div> <div style="clear:both;"> </div> <div style="float:left;margin-left:39pt;margin-top:12pt;width:516pt;min-height:12pt;">
<div style="line-height:10.02pt;text-align:center;"><font style="color:#000000;font-family:Arial;font-size:10.02pt;line-height:10.02pt;margin-left:0%;">2</font></div> </div> </div> </div> <div style="float:left;margin-bottom:5.0pt;width:100%;">
</div> <hr style="clear:both;margin-bottom:0.25pt;margin-left:0.25pt;margin-right:0.25pt;margin-top:40.0pt;"> </div> </BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d683081dex991.htm
<DESCRIPTION>THIRD AMENDMENT TO CONTROLLED EQUITY OFFERING SALES AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Third Amendment to Controlled Equity Offering Sales Agreement</TITLE>
</HEAD>


 <body style="margin-top:0.0pt;width:595pt;" bgcolor="white">
  <div> <div><a name="xx_58fc2240-b537-4748-9039-4089d0b74181_1"></A> <div style="page-break-after:always;"> <div style="clear:both;"> </div>
<div style="float:left;margin-left:39pt;margin-top:36pt;width:516pt;min-height:696pt;"> <div style="line-height:12.02pt;margin-top:8pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0%;">GUGGENHEIM STRATEGIC OPPORTUNITIES FUND </font> <br>
<br><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;">COMMON SHARES (PAR VALUE $0.01 PER SHARE)</font></div> <div style="line-height:12.02pt;margin-top:8.00pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0%;">THIRD AMENDMENT</font> <br> <br><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;">TO</font> <br><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;">CONTROLLED EQUITY OFFERING</font><font style="color:#000000;font-family:Times New Roman;font-size:6.5pt;font-weight:bold;position:relative;top:-2.75pt;">SM</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;"> SALES AGREEMENT</font></div> <div style="line-height:12.02pt;margin-top:8.00pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0%;">March 27, 2023</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:4.65%;">THIS THIRD AMENDMENT (this
&#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;font-weight:bold;">Amendment</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;) to the Sales Agreement
(defined below) is entered into on and as of </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">March&nbsp;24, 2023, by and among Guggenheim Strategic Opportunities Fund, a statutory trust organized under the laws of
the State </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">of Delaware (the &#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;font-weight:bold;">Fund</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;), Guggenheim Funds Investment Advisors, LLC, a Delaware limited liability company (the &#8220;</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;font-weight:bold;">Adviser</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;) </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">and Cantor Fitzgerald &amp; Co. (&#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;font-weight:bold;">CF&amp;Co</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;, and together with the Fund and Adviser, the
&#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;font-weight:bold;">Parties</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;). Capitalized terms used and
not </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">defined in this Amendment have the meanings ascribed thereto in the Sales Agreement.</font></div>
<div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:4.65%;">WHEREAS</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">, the Parties entered into that certain Controlled Equity
Offering</font><font style="color:#000000;font-family:Times New Roman;font-size:6.5pt;position:relative;top:-2.75pt;">SM</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;"> Sales Agreement, dated July 1, 2019 (the
</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;font-weight:bold;">Original Sales Agreement</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;), with respect to the issuance and sale of up to 11,250,000 shares of the Fund&#8217;s common shares of </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">beneficial interest, par value $0.01 per share (&#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;">Common Shares</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;);</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:4.65%;">WHEREAS</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">, on February 1, 2021, the Parties entered into that
certain First Amendment to Controlled Equity Offering</font><font style="color:#000000;font-family:Times New Roman;font-size:6.5pt;position:relative;top:-2.75pt;">SM</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;line-height:12.02pt;"> </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Sales Agreement (the &#8220;</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;font-weight:bold;">First Amendment</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;), with respect to the issuance and sale
of Common Shares having an aggregate initial </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">offering price of up to $159,724,117;</font></div>
<div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:4.65%;">WHEREAS</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">, on September 16, 2021, the Parties entered into that certain Second Amendment to Controlled Equity
</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Offering</font><font style="color:#000000;font-family:Times New Roman;font-size:6.5pt;position:relative;top:-2.75pt;">SM</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;"> Sales Agreement (as amended, the &#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;font-weight:bold;">Sales Agreement</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;), with respect to the issuance and sale of Common Shares </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">having an aggregate initial
offering price of up to $374,537,331; and</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:24pt;">WHEREAS</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">, the Parties desire to amend the Sales Agreement.</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:4.65%;">NOW THEREFORE</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">it is agreed as follows:</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:4.65%;">1.&#8194;The first sentence of Section 1 of the Sales Agreement is hereby amended and replaced in its entirety with the </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">following:</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:4.65%;">The Fund agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions set </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">forth herein, it may sell through CF&amp;Co, acting as agent and/or principal, the Fund&#8217;s common shares of beneficial interest, $0.01 </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">par value per share (the &#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;text-decoration:underline;">Common Shares</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;), having an aggregate initial offering price of up to $330,024,727 (the &#8220;</font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;text-decoration:underline;">Placement
</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;text-decoration:underline;">Shares</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">&#8221;), as the Fund and CF&amp;Co
shall mutually agree from time to time.</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:4.65%;">2.&#8194;Each of the Fund and
the Adviser represent to CF&amp;Co that it has duly authorized, executed and delivered this </font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">Amendment.</font></div>
<div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:24pt;">3.&#8194; Except as modified and amended in this Amendment, the Sales Agreement shall
remain in full force and effect.</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:24pt;">4.&#8194; This Amendment shall be governed
by and construed in accordance with the law governing the Sales Agreement.</font></div> <div style="line-height:12.02pt;margin-top:10.00pt;text-align:justify;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:4.65%;">5.&#8194; This Amendment may be executed in multiple counterparts, each of which shall be deemed an original, but all of which </font><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;">together shall constitute one and the same instrument.</font></div> <div style="line-height:12.02pt;margin-top:8.00pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0%;">[SIGNATURE PAGE FOLLOWS]</font></div> </div> </div> </div> <div style="float:left;margin-bottom:5.0pt;width:100%;"> </div>
<hr style="clear:both;margin-bottom:0.25pt;margin-left:0.25pt;margin-right:0.25pt;margin-top:40.0pt;"> </div> <div> <div><a name="xx_58fc2240-b537-4748-9039-4089d0b74181_2"></A> <div style="page-break-after:always;"> <div style="clear:both;"> </div>
<div style="float:left;margin-left:39pt;margin-top:36pt;width:516pt;min-height:696pt;"> <div style="line-height:12.02pt;margin-top:10pt;text-align:left;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:24pt;">IN
WITNESS WHEREOF, the Parties have caused this Amendment to be duly executed as of the date first above written.</font><font style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div>
<div style="margin-top:12pt;">
<table style="empty-cells:show;margin-left:240pt;width:240pt;" cellpadding="0" cellspacing="0">
<tr style="height:17pt;">
<td style="background-color:#FFFFFF;padding-bottom:7pt;padding-top:7pt;vertical-align:Top;width:240pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Very truly yours,</font></div> </div> </td> </tr>
<tr style="height:21pt;">
<td style="background-color:#FFFFFF;vertical-align:Top;width:240pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">&nbsp;</font></div> </div> </td> </tr>
<tr style="height:25.02pt;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:7pt;vertical-align:Top;width:240pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0.0pt;">GUGGENHEIM STRATEGIC </font></div> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0.0pt;">OPPORTUNITIES FUND</font></div> </div> </td> </tr> </table> </div> <div style="line-height:1.0pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;margin-left:240pt;width:240pt;" cellpadding="0" cellspacing="0">
<tr style="height:13.35pt;">
<td style="background-color:#FFFFFF;padding-bottom:3.35pt;padding-top:3.35pt;vertical-align:Top;width:20.47pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-right:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">By:</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.35pt;padding-top:1.35pt;vertical-align:Top;width:219.53pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="border-bottom:0.5pt solid #3F3F3F;margin-left:6pt;padding-bottom:1pt;">
<div style="text-align:Left;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">/s/ Brian E. Binder</font></div> </div> </div> </td> </tr>
<tr style="height:21.37pt;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.35pt;vertical-align:Top;width:20.47pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="margin-right:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">&nbsp;</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.35pt;vertical-align:Top;width:219.53pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Name: Brian E. Binder</font></div> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Title: President and Chief Executive Officer</font></div> </div> </td> </tr> </table> </div> <div style="line-height:1.0pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div> <div style="margin-top:12pt;">
<table style="empty-cells:show;margin-left:240pt;width:240pt;" cellpadding="0" cellspacing="0">
<tr style="height:auto;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:1.5pt;vertical-align:Top;width:240pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0.0pt;">GUGGENHEIM FUNDS INVESTMENT </font></div> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0.0pt;">ADVISORS, LLC</font></div> </div> </td> </tr> </table> </div> <div style="line-height:1.0pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;margin-left:240pt;width:240pt;" cellpadding="0" cellspacing="0">
<tr style="height:13.35pt;">
<td style="background-color:#FFFFFF;padding-bottom:3.35pt;padding-top:3.35pt;vertical-align:Top;width:20.47pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-right:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">By:</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.35pt;padding-top:1.35pt;vertical-align:Top;width:219.53pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="border-bottom:0.5pt solid #3F3F3F;margin-left:6pt;padding-bottom:1pt;">
<div style="text-align:Left;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">/s/ Brian E. Binder</font></div> </div> </div> </td> </tr>
<tr style="height:21.37pt;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.35pt;vertical-align:Top;width:20.47pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="margin-right:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">&nbsp;</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.35pt;vertical-align:Top;width:219.53pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Name: Brian E. Binder</font></div> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Title: President and Chief Executive Officer</font></div> </div> </td> </tr> </table> </div> <div style="line-height:12.02pt;margin-top:8pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;margin-left:0%;">Signature Page to Third Amendment to Controlled Equity Offering</font><font
style="color:#000000;font-family:Times New Roman;font-size:6.5pt;font-style:italic;position:relative;top:-2.75pt;">SM</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;"> Sales Agreement
(GOF)</font></div> </div> </div> </div> <div style="float:left;margin-bottom:5.0pt;width:100%;"> </div> <hr style="clear:both;margin-bottom:0.25pt;margin-left:0.25pt;margin-right:0.25pt;margin-top:40.0pt;"> </div> <div> <div><a name="xx_58fc2240-b537-4748-9039-4089d0b74181_3">
</A> <div style="page-break-after:always;"> <div style="clear:both;"> </div> <div style="float:left;margin-left:39pt;margin-top:36pt;width:516pt;min-height:696pt;"> <div style="line-height:1.0pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;margin-left:0%;">&#8195;</font></div> <div style="margin-top:12pt;">
<table style="empty-cells:show;margin-left:240pt;width:240pt;" cellpadding="0" cellspacing="0">
<tr style="height:17pt;">
<td style="background-color:#FFFFFF;padding-bottom:7pt;padding-top:7pt;vertical-align:Top;width:240pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">ACCEPTED, as of the date first-above written:</font></div> </div> </td> </tr>
<tr style="height:21pt;">
<td style="background-color:#FFFFFF;vertical-align:Top;width:240pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">&nbsp;</font></div> </div> </td> </tr>
<tr style="height:14pt;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:7pt;vertical-align:Top;width:240pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-weight:bold;margin-left:0.0pt;">CANTOR FITZGERALD &amp; CO.</font></div> </div> </td> </tr> </table> </div> <div style="line-height:1.0pt;text-align:left;"><font
style="color:#000000;font-family:Times New Roman;font-size:1pt;line-height:1pt;">&#8195;</font></div> <div style="margin-top:0.0pt;">
<table style="empty-cells:show;margin-left:240pt;width:240pt;" cellpadding="0" cellspacing="0">
<tr style="height:13.35pt;">
<td style="background-color:#FFFFFF;padding-bottom:3.35pt;padding-top:3.35pt;vertical-align:Top;width:20.47pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-right:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">By:</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.35pt;padding-top:1.35pt;vertical-align:Top;width:219.53pt;"> <div style="line-height:12.02pt;text-align:left;"> <div style="border-bottom:0.5pt solid #3F3F3F;margin-left:6pt;padding-bottom:1pt;">
<div style="text-align:Left;white-space:nowrap;"><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">/s/ Sage Kelly</font></div> </div> </div> </td> </tr>
<tr style="height:21.37pt;">
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.35pt;vertical-align:Top;width:20.47pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="margin-right:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">&nbsp;</font></div> </div> </td>
<td style="background-color:#FFFFFF;padding-bottom:1.5pt;padding-top:3.35pt;vertical-align:Top;width:219.53pt;"> <div style="line-height:11.02pt;text-align:left;"> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Name: Sage Kelly</font></div> <div style="margin-left:6pt;text-align:Left;white-space:nowrap;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;margin-left:0.0pt;">Title: Global Head of Investment Banking</font></div> </div> </td> </tr> </table> </div> <div style="line-height:12.02pt;margin-top:8pt;text-align:center;"><font
style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;margin-left:0%;">Signature Page to Third Amendment to Controlled Equity Offering</font><font
style="color:#000000;font-family:Times New Roman;font-size:6.5pt;font-style:italic;position:relative;top:-2.75pt;">SM</font><font style="color:#000000;font-family:Times New Roman;font-size:10.02pt;font-style:italic;"> Sales Agreement
(GOF)</font></div> </div> </div> </div> <div style="float:left;margin-bottom:5.0pt;width:100%;"> </div> <hr style="clear:both;margin-bottom:0.25pt;margin-left:0.25pt;margin-right:0.25pt;margin-top:40.0pt;"> </div> </BODY></HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
