#United States #New York #Shareholder Updates #Closed-End Fund #Cohen Steers

Cohen & Steers Fund Distribution Notification for February 2025

On February 27, 2025, Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) announced vital information regarding its distribution for shareholders. This update outlines the sources of funds for the distribution set for payment on February 28, 2025, and the cumulative distributions made during the fiscal year up to that date.

The Fund started a managed distribution policy in December 2021, following an exemptive relief by the Securities and Exchange Commission. This policy's goal is to provide shareholders with a long-term total return through consistent monthly distributions, paid at a fixed rate per common share. This method allows the Fund more flexibility, enabling it to realize long-term capital gains throughout the year while offering these gains to shareholders regularly.

The Board of Directors possesses the authority to amend, suspend, or terminate this managed distribution policy at any point, which could adversely impact the market price of the Fund's shares. The details of the monthly distributions encompass various types of incomes, including long-term and short-term capital gains, as well as net investment income and return of capital for federal tax purposes. When a return of capital occurs, it essentially reduces a shareholder’s tax basis in their shares.

Here's a summary of the distribution estimates for February 2025 and the total distributions paid year-to-date:


Investors should be cautious in interpreting these distributions. The Fund's performance should not solely be assessed based on these amounts, as a significant portion of the distribution might consist of a 'return of capital' - the money initially invested being paid back to shareholders. Consequently, this return is not indicative of the Fund's overall investment performance and should not be equated with 'yield' or 'income'. The reported amounts are preliminary estimates and may be adjusted later based on the Fund’s financial performance over the fiscal year.

Significantly, shareholders are encouraged to read regularly updated information posted on cohenandsteers.com or sent directly to them concerning each month’s distribution. The definitive tax characteristics, including the details needed for tax reporting, will be outlined in the Form 1099-DIV, which shareholders will receive at year-end.

As of January 31, 2025, the Fund reported a Year-to-date Cumulative Total Return of 3.57% and a Cumulative Distribution Rate of 1.41%. For the last five years ending on January 31, 2025, the Average Annual Total Return was 7.17%, with a Current Annualized Distribution Rate of 8.48%. These figures display the Fund's performance concerning its net asset value (NAV), calculated by evaluating the total market value of the assets held against the total liabilities and shares outstanding.

Investment Considerations
Investors contemplating participation in the Fund should thoroughly evaluate the investment objectives, risks, and associated costs. Up-to-date periodic reports and regulatory filings are accessible via the Fund’s website or by consulting with a financial advisor. This information is crucial for informed decision-making prior to investing.

In conclusion, shareholders should avoid utilizing the details provided in this release for their tax return preparations, as a detailed Form 1099-DIV will be issued to ensure compliance with federal income tax reporting requirements.