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Cohen & Steers Infrastructure Fund: March 2025 Distribution Insights

Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced pertinent information regarding its distribution scheduled for March 31, 2025. This notification is particularly aimed at shareholders, providing clarity on the distribution's sources and ongoing managed distribution policy.

Managed Distribution Policy Implementation

Back in March 2015, the Fund initiated a managed distribution policy with the aim of maximizing long-term returns for its investors. This policy was established as part of the exemptive relief from the Securities and Exchange Commission (SEC). Essentially, it allows for consistent, monthly distributions at a predetermined fixed rate per common share, which in turn enhances the Fund’s capability to distribute long-term capital gains to shareholders regularly throughout the year.

However, it’s crucial to note that the Fund’s Board of Directors retains the authority to alter, halt, or suspend this managed distribution policy at any time, a move that could potentially impact the trading value of the Fund's shares in significant ways.

Breakdown of Monthly Distributions

The monthly distributions can comprise several components such as long-term capital gains, short-term capital gains, net investment income, and/or return of capital. Specifically, for the upcoming distribution in March 2025, the Fund has detailed the amounts as follows:

• - Net Investment Income: $0.1550 (100% of the current distribution)
• - Net Realized Short-Term Capital Gains: $0.0000 (0% of the current distribution)
• - Net Realized Long-Term Capital Gains: $0.0000 (0% of the current distribution)
• - Return of Capital: $0.0000 (0% of the current distribution)

Overall, the total current distribution for March stands at $0.1550 per share, which results in a cumulative distribution of $0.4650 for the fiscal year thus far.

Important Tax Considerations

It's important for shareholders to understand what the return of capital implies. A return of capital occurs when the distribution exceeds the net investment income and net realized capital gains. Crucially, this type of distribution isn’t taxable at the time it’s received; instead, it decreases the tax basis per share held. This is vital as it affects future tax obligations when shareholders decide to sell their shares.

Additionally, distributions stemming from investments in Master Limited Partnerships (MLPs) can involve various sources as well, making the understanding of tax implications even more essential.

The Fund also acknowledges that shareholders can obtain detailed information regarding these distributions on their website or through mailed notices that coincide with each monthly distribution. However, shareholders should be aware that final tax characteristics aren’t confirmed until the close of the calendar year, and these details will subsequently be presented on Form 1099-DIV.

Fund Performance and Returns

Investors must remain cognizant of the relationship between the distribution rates and the Fund’s performance metrics. For instance, the cumulative total return from January 1, 2025, to February 28, 2025, was reported at 3.16%, with a cumulative distribution rate of 1.91%. Furthermore, over a five-year period ending February 28, 2025, the average annual total return is calculated at 7.21%, contrasting with the current annualized distribution rate of 7.65%.

These performance metrics allow shareholders to gauge how effectively their investments are being managed while simultaneously providing insight into the sustainability of the distribution practices employed by the Fund.

Final Thoughts

In closing, shareholders are advised to keep track of not just the distributions but also the underlying investment objectives, risks, and expenses associated with the Fund. For further details, investors should refer to the most recent periodic reports, which can provide comprehensive insights, including aspects crucial for tax reporting.

As a forward-looking investment manager, Cohen & Steers continues to strive for excellence in managing real assets and alternative income, creating a wealth of opportunities for its shareholders. Connivingly, it’s imperative for investors to stay informed as they navigate their financial futures with the Fund.

For more detailed information, shareholders are encouraged to contact their financial advisors or visit Cohen & Steers’ official website.