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Cohen & Steers Closed-End Opportunity Fund's Distribution Notification and Performance Insights

The Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) has recently issued a notification detailing the sources of its upcoming distribution. Set to be paid out on November 28, 2025, this release serves to inform shareholders about the various elements that comprise the Fund's monthly distributions and their broader implications.

Managed Distribution Policy Overview

Since December 2021, the Fund has adopted a managed distribution policy that aligns with the exemptive relief granted by the Securities and Exchange Commission (SEC). This policy is designed to enhance shareholder returns by enabling the Fund to deliver a steady monthly distribution at a fixed rate per common share. Additionally, it provides the flexibility needed to generate long-term capital gains throughout the year and distribute those gains to shareholders consistently.

The Fund's Board of Directors retains the right to modify, suspend, or terminate this policy at any given time, which could adversely impact the market value of the Fund’s shares. This potential volatility underscores the importance of understanding the policy’s nuances as a current or prospective investor.

Components of Monthly Distributions

The monthly distributions from the Fund encompass several financial aspects, including long-term capital gains, short-term capital gains, net investment income, and returns of capital for federal income tax considerations. Notably, returns of capital refer to distributions that are above the Fund's net investment income and realized capital gains. Such distributions do not incur immediate tax implications; however, they reduce the tax basis of a shareholder's investment in the Fund.

Given that distribution amounts may fluctuate based on various factors, including portfolio performance and market dynamics, shareholders must stay informed about the nature and amount of these distributions. The specific details concerning each monthly distribution can be accessed on the Fund's website, which also sends notices to shareholders concurrently.

Current Distribution Estimates

The current distribution estimates, effective November 2025, reveal critical figures regarding the sources of funds. As per available data:

• - Net Investment Income: $0.0000 (0.00%)
• - Net Realized Short-Term Capital Gains: $0.0000 (0.00%)
• - Net Realized Long-Term Capital Gains: $0.0870 (100.00%)
• - Return of Capital: $0.0000 (0.00%)

This prompts a single cumulative payout figure of $0.0870 per share, reflecting the scope of long-term capital gains and other financial distributions through the Fund’s managed approach.

Year-to-Date Performance Insights

A comprehensive analysis of the Fund's performance is essential, especially considering the significant return metrics that accompany the distribution announcements. The Fund has reported:

• - Year-to-Date Cumulative Total Return (January 1, 2025 - October 31, 2025): 15.79%
• - Cumulative Distribution Rate: 7.41%

Further insights indicate that for the five-year period concluding on October 31, 2025, the average annual total return stands at 12.52%, while the current annualized distribution rate is at 8.08%. This performance overview may provide a compelling framework for prospective investors evaluating the potential returns associated with investment in the Fund.

Conclusion

In summarizing the Fund’s distribution practices and performance metrics, it is crucial for investors to understand the derived nature of distributions and how they correlate with overall investment success. Furthermore, shareholders should maintain close watch over forthcoming updates, particularly those concerning tax documentation, as the finalized characteristics of distributions will only be confirmed post-calendar year closure. Cohen & Steers continuously emphasizes the significance of understanding both investment objectives and the inherent risks associated with the Fund's structured policies. This ensures that shareholders are best positioned to make informed decisions regarding their investments, aiming for optimal financial outcomes.

Investors are encouraged to engage with the Fund's resources, including regulatory filings and periodic reports, for enriched insights into investment management strategies and anticipated performance outlooks. For additional information, shareholders can also consult cohenandsteers.com, especially when preparing for taxation-related matters connected to the Fund’s distributions.

Cohen & Steers remains committed to delivering superior investment management focused on real assets and alternative income sources, thereby positioning itself as a leading player in the financial landscape.