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Insights on Cohen & Steers Closed-End Opportunity Fund's Distributions

In a recent announcement, Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) has shared crucial information regarding its distribution sources for the upcoming payout, scheduled for June 30, 2026. This information is particularly relevant for current shareholders, as it offers clarity on how and from where the distributions are derived.

Since December 2021, the fund has operated under a managed distribution policy, which was established following exemptive relief from the Securities and Exchange Commission (SEC). The essence of this policy is to optimize the fund's long-term returns by facilitating consistent monthly distributions at a fixed rate for every share. Importantly, this strategy allows the fund to take advantage of long-term capital gains throughout the year, distributing those to shareholders on a regular basis.

The Current Distribution Breakdown

The current monthly distribution amount has been set at $0.0870 per share, fully sourced from the net realized long-term capital gains. This represents a significant portion of the total current distribution, which is exclusively derived from long-term gains, demonstrating the fund's performance in this area. For context, the fund has paid out cumulative distributions totaling $0.5220 per share for the fiscal year to date.

Here's a summary of the distribution estimates:

• - 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%)
• - Total Current Distribution: $0.0870 (100.00%)

Important Considerations for Investors

Shareholders are advised that drawing conclusions about the fund's overall investment performance solely based on distribution amounts or the managed distribution policy could be misleading. The distribution amounts are estimates and may alter as the fiscal year progresses, contingent upon the fund's investment performance and changing tax regulations.

Each month, shareholders can expect updates regarding the source of these distributions to be made available on the fund's official website, cohenandsteers.com, alongside notifications delivered directly to shareholders. After the close of the calendar year, further detailed information will be shared on Form 1099-DIV, which will assist in reporting these distributions for tax purposes.

Year-to-Date Performance Insights

As of May 31, 2026, the fund's year-to-date cumulative total return stands at 7.91%, accompanying a cumulative distribution rate of 3.78%. For the five-year period ending on the same date, the fund boasts an average annual total return of 8.70%, aligning well with its current annualized distribution rate of 7.57%. This performance metrics can provide shareholders with a broader understanding of their investment's health vis-à-vis distribution rates.

Future Outlook and Shareholder Guidance

Investors considering entering a position in the Cohen & Steers Closed-End Opportunity Fund should carefully evaluate its investment objectives, associated risks, and costs. Current and prospective investors can access the fund's latest performance reports and regulatory filings via their financial advisor or directly through the SEC's EDGAR database. These documents are invaluable for making informed decisions regarding investments.

In conclusion, while the distributions offer tangible returns to shareholders, understanding the fund's overall investment performance context is essential. With an ongoing commitment to transparency, the fund continues to furnish shareholders with essential insights and updates on performance and distributions.