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Overview of Distribution for Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF), a notable entity traded on the NYSE, recently communicated essential details concerning its distribution sources to its shareholders. The communication serves to inform stakeholders about the distributions scheduled for February 27, 2026, as well as cumulative distributions paid throughout the current fiscal year.

In December 2021, the Fund adopted a managed distribution policy under the exemptive relief granted by the Securities and Exchange Commission (SEC). This strategy aims to optimize the Fund's long-term total return potential, facilitating consistent monthly payments at a fixed rate per common share. By implementing this policy, the Fund intends to provide shareholders with regular distributions while retaining the flexibility to capture capital gains across the fiscal year. However, it is crucial to note that the Board of Directors holds the discretion to amend or discontinue this policy, potentially impacting the market prices of shares.

Composition of Monthly Distributions

Monthly distributions from the Fund comprise several components, including long-term capital gains, short-term capital gains, net investment income, and return of capital for federal income tax designations. Notably, returns of capital encapsulate distributions exceeding the Fund's net investment income or net realized capital gains and are sourced from the Fund's assets. It is important to highlight that receiving a return of capital is not taxable and leads to a decrease in the shareholder's tax basis concerning their shares in the Fund.

The amounts distributed each month might vary based on numerous factors, such as portfolio changes and market conditions. Shareholders can expect updates regarding these distributions, which will be posted on the official website cohenandsteers.com and communicated through mailed notifications.

As the fiscal year proceeds, the final tax attributes of the Fund's distributions may experience adjustments, as the precise nature of tax components cannot be finalized until the end of the year. For comprehensive tax purposes, shareholders will later receive Form 1099-DIV detailing the necessary reporting of these distributions once the calendar year concludes.

Current and Cumulative Distribution Estimates

The announcement includes estimated amounts for the February 2026 distributions alongside cumulative distributions thus far in 2026. All figures below represent the per-share amounts:


This breakdown assists shareholders in understanding the sources of their distributions. However, it's vital to avoid drawing premature conclusions about the Fund’s investment performance based solely on distribution quantities or its managed distribution policy’s terms; these amounts are estimates and subject to change.

Fund Performance Metrics

As for the Fund's performance, the year-to-date cumulative total return for the fiscal year 2026, from January 1 to January 31, is noted at 3.97%, with a cumulative distribution rate of 1.28%. Over the five-year outlook ending January 31, 2026, the average annual total return is reported at 10.66%, alongside the current annualized distribution rate of 7.65%.

Shareholders are urged to keep a watchful eye on these figures, particularly noting how the year-to-date total return correlates with the cumulative distribution rate of the Fund for the current fiscal period.

Conclusion

Investors are always encouraged to assess the investment goals, risk factors, charges, and expenses associated with the Fund carefully before making investment decisions. Detailed reports, filings, and updates can be consulted via the firm's official platform or through SEC’s EDGAR database, ensuring they remain well-informed. Note that shareholders should not rely solely upon the provided information for preparing their tax returns, as comprehensive documentation will be provided via Form 1099-DIV, highlighting the federal income tax reporting requirements for the distributed amounts.

About Cohen & Steers

Cohen & Steers stands as a premier global investment management firm, specializing in alternative income and real assets, relishing its establishment back in 1986. Its headquarters reside in New York City, with additional offices scattered across global financial hubs such as London, Dublin, Hong Kong, Tokyo, and Singapore.