#United States #New York #Investment #Cohen & Steers #Infrastructure Fund

Cohen & Steers Infrastructure Fund, Inc. Unveils Preliminary Results of Transferable Rights Offering

On October 17, 2025, Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) disclosed the preliminary results of its recent transferable rights offering. This offering, initiated on September 22, 2025, and concluding on October 16, 2025, was structured to raise capital by allowing existing shareholders to purchase additional shares.

The offering is anticipated to generate around $353 million through the issuance of approximately 14,993,927 common stock shares. UBS Investment Bank served as the sole dealer manager for this initiative. This strategic move aims to bolster the Fund's capital for upcoming investment opportunities while supporting its growth trajectory within the infrastructure sector.

Joe Harvey, CEO of Cohen & Steers, expressed gratitude towards the investors for their ongoing support, stating, "With their support, we successfully executed one of the largest transferable rights offerings for a closed-end fund, providing the Fund with fresh capital to capitalize on attractive investment opportunities and compelling growth potential in listed infrastructure."

Details of the Offering

The subscription price for the offering was set at $23.56 per common share. This price was determined based on a pre-established formula, which considered both the recent trading prices of the stock and its net asset value (NAV). The offering is highly structured to ensure that it meets the investment objectives and policies of the Fund, which primarily focuses on generating total return with an emphasis on income derived from infrastructure securities.

Cohen & Steers has made it clear that the proceeds from this offering will be invested in line with its investment strategy, which typically includes securities from utilities, transportation, and various infrastructure-related companies. The investment approach integrates both corporate preferred securities and fixed income elements, aiming to achieve a diverse and resilient portfolio.

Fund Background and Expertise

Established in 1986, Cohen & Steers, Inc. has positioned itself as a leader in global investment management, specializing in real assets and alternative income through its diversified investment offerings. The company operates from its headquarters in New York City, managing a range of investments including real estate, preferred securities, and infrastructure, with a strong track record of performance in these sectors.

The advisory arm, Cohen & Steers Capital Management, Inc., ensures that all expenses related to the offering are covered, which indicates their confidence in the structural strength of the offer and the ensuing investments. They intend to channel the raised capital into regions of significant infrastructure growth potential, reinforcing the Fund’s primary focus on favorable sectors within the asset class.

Looking Ahead

Investors are reminded that while the offering presents a robust opportunity, substantive considerations are necessary before making any investment decisions. It's essential for potential investors to review the Fund's investment objectives, inherent risks, and fee structures thoroughly.

In conclusion, the Cohen & Steers Infrastructure Fund’s latest offering represents not only a substantial financial maneuver but also underscores the strong market demand for infrastructure investments. As global infrastructure continues to grow, the Fund is well-placed to take advantage of emerging opportunities, thereby creating value for its stakeholders.