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Overview of Cohen & Steers Infrastructure Fund's Distribution

On August 28, 2025, Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) released important information regarding its distribution policy. This communication is primarily directed at the shareholders who are interested in understanding the distribution sources for their investments.

The Fund operates under a managed distribution policy which was first implemented in March 2015, aligning with the exemptive relief established by the Securities and Exchange Commission. The aim of this policy is to provide a consistent and regular distribution to shareholders, enhancing the Fund’s appeal by offering predictable returns throughout the year. Here, we delve deeper into the implications of this policy and the specifics of the distribution that will occur on August 29, 2025.

Key Details of the Distribution

According to the notification, the monthly distributions can comprise various sources such as long-term capital gains, short-term capital gains, net investment income, and returns of capital. Each of these components serves different roles in tax implications and returns for investors:

• - Net Investment Income (NII): This component is projected at $0.0694 per share, accounting for approximately 44.77% of the current distribution.
• - Short-Term Capital Gains: For this distribution period, it is estimated that there are no short-term capital gains paid out.
• - Long-Term Capital Gains (LTCG): The estimated LTCG distribution is $0.0856 per share, representing 55.23% of the total current distribution.
• - Return of Capital: Importantly, this distribution entails no immediate return of capital; however, historically, returns of capital will reflect portions of the funds that exceed net investment income or net realized gains. This aspect mitigates immediate tax obligations for shareholders.

Changes in Distribution

The current distribution policy allows for an adaptive approach within the invested fund, facilitating the realization of long-term capital gains over different periods throughout the year. Such adaptability can provide security and enhanced returns for shareholders, although the Fund reserves the right to change its managed distribution policy at any time, which could potentially affect market prices.

Historical Performance Metrics

As of July 31, 2025, the Fund reported a year-to-date cumulative total return of 12.20%. It is crucial for shareholders to understand the relationship between the total return and the cumulative distribution rate of 4.84% for the current fiscal period. Alongside, the average annual total return over the previous five-year period stands at 9.77%, compared to a current annualized distribution rate of 7.26% as of this reporting.

The impacts of these figures extend beyond mere statistics; they serve as vital indicators of the Fund's performance and future distribution capabilities.

Investors Should Stay Informed

For shareholders, it’s essential to monitor these developments closely and seek guidance regarding tax implications of their distributions. By accessing up-to-date information posted on the Fund’s website or via direct mail, shareholders can better understand their distributions, adjustments, and investment strategies.

Lastly, shareholders will receive a Form 1099-DIV from the Fund at the end of the calendar year, detailing how to report the distributions, underscoring the importance of keeping accurate financial records.

In conclusion, shareholders of the Cohen & Steers Infrastructure Fund are encouraged to review these details, understand the dynamics of their investment returns, and proactively engage with the material sources that influence their portfolios.