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

Overview

Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) recently announced essential details regarding the sources of its upcoming distribution, set for payment on December 31, 2024. As part of its ongoing commitment to transparency, the Fund provided its shareholders with a breakdown of the current distribution estimates and cumulative year-to-date distributions. This information is crucial for investors who are closely monitoring the performance and strategies deployed by the Fund.

Distribution Policy

In March 2015, the Fund adopted a managed distribution policy. This approach was implemented in response to exemptive relief issued by the Securities and Exchange Commission. The purpose of this policy is to enhance the Fund's ability to deliver long-term returns through regular monthly distributions. By declaring a fixed rate per common share, the Fund can consistently reward shareholders while retaining flexibility to realize long-term capital gains throughout the year. However, it's important to note that the Board of Directors holds the authority to amend, terminate, or suspend this policy at any given time, which could adversely affect the market price of the Fund's shares.

Current Distribution Estimates

The breakdown of the December 2024 distribution shows that it will total $0.1550 per share, with allocations coming from various sources:

• - Net Investment Income: $0.1023 (66.00%)
• - Net Realized Long-Term Capital Gains: $0.0527 (34.00%)
• - Net Realized Short-Term Capital Gains: $0.0000 (0.00%)
• - Return of Capital: $0.0000 (0.00%)

These estimates are critical for shareholders to understand the composition of their returns, especially in terms of federal income tax implications.

Year-to-Date Performance

The year-to-date cumulative total return for the Fund between January 1, 2024, and November 30, 2024, stands at an impressive 21.46%. Meanwhile, the cumulative distribution rate is recorded at 7.19%. For the longer term, the average annual total return over five years, ending November 30, 2024, is noted at 7.49%, reaffirming the Fund’s ability to provide consistent performance over time.

Investors should carefully consider these performance metrics alongside the Fund's managed distribution policy and market conditions to make informed investment decisions.

Important Considerations

As always, shareholders should understand that the reported amounts for distribution are estimates. These figures can change based on the Fund's investment performance throughout the fiscal year, alongside regulatory adjustments. The final characteristics of the distributions will be determined only after the conclusion of the calendar year, and pertinent tax documentation will be sent to shareholders in the form of a 1099-DIV.

Moreover, investors are advised to maintain awareness of both the risks associated with investing in the Fund and its associated fees and expenses. Potential investors are encouraged to review the Fund's latest periodic reports and regulatory filings for the best understanding of its operational framework.

Conclusion

Cohen & Steers Infrastructure Fund continues to exemplify a commitment to its investors through regular updates and careful management of its distributions and performance metrics. As we approach the end of 2024, shareholders may want to pay close attention to the upcoming distribution and reflect on the Fund’s performance as they determine their investment strategies moving forward.