#United States #New York #Cohen & Steers #FOF #Closed-End Fund

Recent Update on Cohen & Steers Closed-End Opportunity Fund

On March 31, 2025, the Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF), publicly announced vital information for its shareholders concerning the distribution sources as mandated by Section 19(a). This release not only serves to inform investors about upcoming payments but also sheds light on the cumulative distributions that have taken place in the fiscal year to date.

Distribution Policy Overview

In December 2021, the Fund adopted a managed distribution policy as part of an exemptive relief provided by the Securities and Exchange Commission (SEC). This strategy aims to maximize the Fund's long-term total return potential through systematic monthly distributions fixed per common share. The essence of this policy is to enhance flexibility, allowing the Fund to monitor and distribute long-term capital gains throughout the year effectively.

The Board of Directors holds the authority to modify, halt, or suspend this managed distribution policy at any given time. Such actions could potentially influence the market price of the Fund's shares, making it crucial for investors to stay informed about any changes.

Understanding Monthly Distributions

Cohen & Steers indicates that its monthly payouts may encompass various components, including:

• - Long-term capital gains
• - Short-term capital gains
• - Net investment income
• - Return of capital

Return of capital refers to distributions that surpass the net investment income and net realized capital gains and are drawn from the Fund's assets. Importantly, while return of capital isn't taxable, it does decrease the shareholder's tax basis in their shares. Investors should be aware that the amounts disbursed each month may fluctuate based on several variables, such as market conditions and portfolio changes.

At each payment time, relevant distribution details will be available on the Fund's official website, cohenandsteers.com, and communicated to shareholders via a concurrent notice. However, the final characteristics of these distributions can only be ascertained post-calendar year, when the annualized financial performance is fully analyzed.

Distribution Estimates

Below is a snapshot of the estimated current distribution for March 2025, alongside the cumulative distributions recorded for the fiscal year up to this date. All amounts are outlined on a per-share basis:

Investment Considerations

Shareholders should note that this distribution information doesn't necessarily reflect the Fund’s investment performance. The distribution could signify that the Fund has distributed more than its actual income and capital gains, indicating that part of the distribution may represent a return of capital. This distribution should not be misconstrued as yield or income since it may include funds that the investors have contributed back to them.

Furthermore, it's essential to understand that the reported amounts and sources will be subject to change, particularly as tax regulations and accounting definitions evolve throughout the fiscal year. Therefore, while the information serves as a basis for understanding current disbursements, shareholders are encouraged to await their Form 1099-DIV to accurately report these distributions for their federal income tax filings.

Conclusion

In closing, Cohen & Steers positions itself as a leading global investment manager focusing on real assets and alternative income solutions. Established in 1986, the firm continues to adapt its strategies to enhance shareholder value, offering both transparency and flexibility in its operations. For anyone investing in FOF or considering future investments, staying abreast of these updates will be crucial for informed decision-making.

For more details on the Fund's investment performance, strategies, and distribution policies, please refer to the Cohen & Steers website or consult your financial advisor.