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Cohen & Steers Infrastructure Fund Distribution Update

On October 27, 2026, the Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) issued a notification to its shareholders outlining critical information regarding upcoming distributions set for October 30, 2026. This announcement is significant as it not only details the sources of these distributions but also highlights the cumulative distributions already paid in the current fiscal year.

In March 2015, the Fund adopted a managed distribution policy under the Securities and Exchange Commission's exemptive relief. This approach is designed to optimize long-term returns for investors by facilitating regular monthly distributions based on a fixed rate per common share. The policy also allows the Fund flexibility in realizing long-term capital gains throughout the year, with the intent of delivering these gains reliably to shareholders each month.

The Board of Directors retains the authority to amend, suspend, or terminate this managed distribution policy at any time, which could have repercussions for the market value of the shares. Distributions may consist of various components including long-term and short-term capital gains, net investment income, and return of capital, each with distinct implications for federal income tax purposes. A return of capital refers to payments that exceed net investment income and net realized capital gains, essentially coming from the Fund's assets; this type of payout is not taxable and instead reduces a shareholder's tax basis in his or her shares.

For October 2026, the total monthly distribution is estimated at $0.1650 per common share. Breaking this down further, $0.0496 is attributable to net investment income accounting for 6% of current distributions, while $0.1154 comes from long-term capital gains, representing 94% of the monthly distribution. Notably, no short-term capital gains or return of capital was recorded for this period.

A summary of cumulative distributions paid year-to-date as of October 30, 2026, shows a total of $1.6200 per share distributed, composed of about 40% from net investment income and 60% from long-term capital gains. However, these estimates remain subject to change, as the Fund's performance and market conditions are continually evolving, thus potentially affecting future distributions.

While shareholders might look to the information provided to assess the investment performance of the Fund, it is crucial to note that these numbers are not definitive. They serve merely as estimates and the final distribution characteristics can only be confirmed after the end of the fiscal year, typically reported via Form 1099-DIV sent after the calendar year ends.

As an investor, understanding the implications of these distributions is paramount. The Year-to-date Cumulative Total Return, reported at 14.44%, showcases how the Fund has performed relative to its investment strategy. This figure mirrors the evolving relationship between cumulative distribution rates and total returns, a critical aspect for current and prospective investors. Moreover, with a documented Average Annual Total Return of 37.25% over five years, shareholders can gauge the Fund's long-term viability, although the current annualized distribution rate stands higher at 47.82%.

Shareholders should always consider underlying objectives, risks, and expenses related to their investments in the Fund before proceeding. Direct inquiries about the latest periodic reports or regulatory filings can be made through financial advisors or by visiting Cohen & Steers' website, where these documents are publicly accessible. Careful scrutiny of the periodic reports will aid in making informed investment decisions.

In conclusion, while the current distributions indicate a commitment to shareholder returns, the responsive nature of this managed distribution policy requires ongoing monitoring. Investors should stay informed about any changes that could impact their holdings amidst fluctuating market conditions.