#United States #New York #Rights Offering #Infrastructure Fund #Cohen Steers

Cohen & Steers Infrastructure Fund, Inc. Announces Rights Offering Details

Cohen & Steers Infrastructure Fund, Inc. (traded on NYSE as UTF) recently made a significant announcement regarding its new rights offering aimed at enhancing its capital structure. The Fund's Board of Directors has approved the terms of this issuance, which is central to the Fund's strategy to bolster its financial position and offer existing stockholders an opportunity to acquire additional shares.

Rights Offering Overview

On September 22, 2025, the Fund will officially record the stockholders eligible for this offering, which includes issuing transferable rights to each holder of the Fund's common stock. For every share owned, stockholders will receive one right, allowing them to subscribe to additional shares. However, five rights are needed to purchase one new share of the Fund's common stock. This step is pivotal as it not only enhances shareholder engagement but also aligns with broader market strategies.

Purpose and Timing

Cohen & Steers Capital Management, Inc., the advisor for the Fund, has expressed confidence in the timing of this rights offering. The current landscape of economic opportunity surrounding infrastructure stocks presents favorable valuation and growth potential. As such, the offering is positioned as a strategy to capitalize on the macroeconomic trends influencing investment in vital infrastructure sectors, such as utilities and digital services. Additionally, with increasing demands from sectors like artificial intelligence (AI), there’s an anticipated uptick in infrastructure spending that could fuel the Fund's growth.

Key Terms and Timeline

The rights will begin trading on the NYSE under the ticker UTF RT starting September 19, 2025. Record Date Stockholders will be able to trade or exercise their rights until the expiration date on October 16, 2025. The subscription price for the additional shares will be decided based on a formula linked to market prices, ensuring shareholders can buy at a price reflective of current market conditions. In the event of demand exceeding supply, the Fund has built-in measures allowing stockholders to request shares beyond their original entitlements, provided rights remain unexercised by others.

Moreover, in an effort to bolster investor assurance, Cohen & Steers plans to maintain its dividend distribution, signaling its commitment to delivering value to all common stockholders. The monthly distribution set at $0.155 per share remains intact following the rights offering.

Investor Guidance

Shareholders are encouraged to stay informed and prepared to act swiftly during the subscription period, as brokerage firms may have varying procedures regarding the exercise or sale of rights. Those holding shares through custodians are advised to consult these entities for specific instructions. The Fund will be mailing subscription certificates and offering documents to all eligible stockholders shortly after the record date, ensuring thorough communication of the rights offering process.

Concluding Thoughts

Cohen & Steers Infrastructure Fund's strategic decision to undertake a rights offering represents a proactive initiative to strengthen its capital base while availing attractive investment opportunities in the global infrastructure landscape. As the world moves towards greater digitization and energy demands reshape investment priorities, the Fund is poised to navigate these changes effectively, underscoring its long-standing commitment to infrastructure investment.

For any inquiries related to the rights offering, Cohen & Steers has designated Georgeson LLC as the information agent, ready to assist stockholders in understanding their options and the rights offering’s specifics.

Investors are urged to read all accompanying materials thoroughly and consider the investment risks, charges, and objectives before subscribing to additional shares. The proactive engagement in this rights offering reiterates Cohen & Steers' dedication to its investors and the ongoing expansion of the fund’s investment horizon.