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Distribution Insights for Cohen & Steers Closed-End Opportunity Fund

On September 29, 2025, Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) issued a vital announcement for its shareholders regarding upcoming distributions. The release highlighted the sources from which these distributions will be derived, which are set to be executed on September 30, 2025. This transparency is crucial for investors looking to track their financial performance and for those considering their investment options.

Overview of the Fund

Cohen & Steers Closed-End Opportunity Fund operates under a managed distribution policy established in December 2021, aligning with exemptions granted by the Securities and Exchange Commission (SEC). This policy aims to stabilize distributions, providing investors with monthly payouts while allowing the Fund the flexibility to achieve capital gains throughout the year. This approach is designed to maximize the long-term total return potential for shareholders, regardless of market fluctuations.

The Board of Directors retains the right to amend or terminate this managed distribution policy, which could influence the market price of the Fund’s shares. Investors should remain vigilant regarding any updates from the Fund that might alter this policy or its operational strategies.

Insights on Monthly Distributions

The announcements specify that the monthly distributions will encompass different components, including long-term and short-term capital gains and net investment income. Additionally, a significant portion might come from return of capital (ROC), which refers to excess distributions made above the Fund's net investment income and realized capital gains. While ROC is not subject to taxation immediately, it decreases a shareholder’s tax basis in their Fund shares, a factor to consider during tax season.

For September 2025, the announced distribution totals $0.0870 per share. This includes:

• - Net Investment Income: $0.0069
• - Net Realized Short-Term Capital Gains: $0.0000
• - Net Realized Long-Term Capital Gains: $0.0299
• - Return of Capital: $0.0502

In total, through Fiscal Year 2025 (YTD), the Fund has distributed $0.7830 per share. It's essential for shareholders to understand that the amounts and sources are subject to fluctuations due to market conditions and Fund performance.

Evaluating Fund Performance

For a well-rounded assessment, it's critical to look at the Fund's Cumulative Total Return and its distribution rate. For the fiscal year-to-date through August 31, 2025, the Fund reports an 11.87% return, with a corresponding cumulative distribution rate of 6.19%. Additionally, over a five-year span ending August 31, 2025, the average annual total return stands at 10.65%, and the current annualized distribution rate is 8.25%.

This data reinforces how the Fund's performance and distribution rates correlate. Investors should remain mindful that while the NAV may signal positive performance, individual investments will ultimately reflect market price and the underlying supply and demand for shares.

Considerations for Investors

Despite the favorable outlook presented, investors are advised to carefully assess the Fund's objectives, risks, charges, and expenses prior to any investment decisions. It is recommended to review periodic reports and filings from the Fund, which can be accessed by navigating to Cohen & Steers' official website.

In conclusion, while the upcoming distributions from Cohen & Steers Closed-End Opportunity Fund offer a promising outlook, it’s crucial for shareholders to stay informed. This entails not only understanding distributions but also keeping an eye on policy changes, market conditions, and personal investment strategies. Be sure to look out for the annual Form 1099-DIV, which will outline the tax implications of these distributions once the calendar year concludes.