#United States #New York #Cohen & Steers #Infrastructure Fund #UTF

Cohen & Steers Infrastructure Fund Updates

Cohen & Steers Infrastructure Fund, Inc. (UTF) has recently issued a notice detailing the sources of its upcoming distribution, scheduled for payment on November 29, 2024. This update is critical for shareholders as it outlines the Foundation's financial performance and distribution strategy for the fiscal year.

Distribution Sources Explained

In March 2015, the Fund introduced a managed distribution policy approved by the Securities and Exchange Commission (SEC). This strategy aims to maximize long-term total return potential by providing regular monthly distributions at a fixed rate. The flexibility afforded by this policy enables the Fund to realize capital gains throughout the year, rewarding shareholders with consistent distributions. However, the Board of Directors holds the authority to amend or suspend this policy at any time, a factor that could potentially impact the market price of the shares.

Shareholders can expect that the monthly distributions may comprise several components, such as long-term and short-term capital gains, net investment income, or return of capital as defined for federal income tax. Specifically, a return of capital implies that shareholders receive distributions exceeding the Fund's net investment income and realized capital gains, drawn from the Fund's assets. Importantly, these returns are not taxable; they merely reduce a shareholder's tax basis in their holdings of the Fund.

Insights into Current and Year-to-Date Distributions

The recent notice includes a detailed breakdown of the estimated amounts for current and year-to-date distributions per common share:

• - Net Investment Income:

- Current Distribution: $0.0979 (63.16%)
- Year-to-Date: $0.7720 (45.28%)

• - Net Realized Short-Term Capital Gains:

- Current Distribution: $0.0183 (11.81%)
- Year-to-Date: $0.0912 (5.35%)

• - Net Realized Long-Term Capital Gains:

- Current Distribution: $0.0388 (25.03%)
- Year-to-Date: $0.8418 (49.37%)

• - Return of Capital:

- Current Distribution: $0.0000 (0.00%)
- Year-to-Date: $0.0000 (0.00%)

The total for the current distribution amounts to $0.1550 and has reached $1.7050 year-to-date.

Implications for Shareholders

It is crucial for investors to refrain from drawing firm conclusions regarding the Fund's investment performance based solely on these distribution amounts or the managed distribution policy terms. The estimates provided may experience fluctuations over time, being contingent upon various factors like market conditions and portfolio changes along with compliance with tax regulations.

The Fund aims to keep shareholders informed. For that reason, updates on distributions will be made available on the company’s website, cohenandsteers.com, and through mail notifications.

Fund Performance Metrics

The Fund has reported a compelling Year-to-Date Cumulative Total Return of 17.05% from January 1, 2024, up until October 31, 2024. Its Cumulative Distribution Rate stands at 6.80% for the same period. For a five-year evaluation ending October 31, 2024, the Average Annual Total Return is recorded at 6.30% with a Current Annualized Distribution Rate of 7.42%.

These metrics provide valuable insights for investors, indicating the relationship between total returns and distribution rates. Such performance details are derived from the Fund's net asset value (NAV), calculated by deducting total liabilities from the market value of all assets held.

Conclusion

Investors should carefully evaluate the Fund's objectives, associated risks, and financial structures. Before making investment decisions, they are encouraged to review the periodic reports and regulatory filings available through their financial advisors or directly on the SEC’s EDGAR Database. Shareholders are reminded that a Form 1099-DIV will be provided for tax purposes at the end of the calendar year to aid in accurately reporting distributions.

For further details and inquiries, shareholders and potential investors are directed to visit Cohen & Steers or reach out to their financial consultants for guidance.