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Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)

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Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) provided shareholders with details about the sources of their upcoming distribution and cumulative distributions for the fiscal year. The managed distribution policy aims to deliver long-term total return potential through regular monthly distributions, including capital gains and income. However, the board can alter this policy at any time, impacting the market price of shares. The distributions may contain various sources, such as net investment income and return of capital, which may not reflect the Fund's actual performance. The final tax characteristics of distributions will be confirmed on Form 1099-DIV after the calendar year ends. Shareholders will receive a detailed breakdown of the current distribution and YTD distributions, with the majority coming from return of capital.

Il Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) ha fornito ai suoi azionisti dettagli riguardo le fonti della loro prossima distribuzione e delle distribuzioni cumulative per l'anno fiscale. La politica di distribuzione gestita mira a offrire un potenziale di rendimento totale a lungo termine attraverso distribuzioni regolari mensili, incluse plusvalenze e redditi. Tuttavia, il consiglio di amministrazione può modificare questa politica in qualsiasi momento, influenzando il prezzo di mercato delle azioni. Le distribuzioni possono includere diverse fonti, come il reddito netto da investimenti e il ritorno di capitale, che potrebbero non riflettere le reali prestazioni del fondo. Le caratteristiche fiscali definitive delle distribuzioni saranno confermate sul modulo 1099-DIV al termine dell'anno solare. Gli azionisti riceveranno un dettaglio completo della distribuzione corrente e delle distribuzioni YTD, con la maggior parte proveniente dal ritorno di capitale.
Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) proporcionó a sus accionistas detalles sobre las fuentes de su próxima distribución y las distribuciones acumulativas para el año fiscal. La política de distribución gestionada busca ofrecer un potencial de retorno total a largo plazo a través de distribuciones mensuales regulares, que incluyen ganancias de capital e ingresos. No obstante, el consejo puede cambiar esta política en cualquier momento, afectando el precio de mercado de las acciones. Las distribuciones pueden contener diversas fuentes, tales como ingresos netos de inversión y retorno de capital, lo que podría no reflejar el rendimiento real del fondo. Las características fiscales finales de las distribuciones se confirmarán en el Formulario 1099-DIV después de que finalice el año calendario. Los accionistas recibirán un desglose detallado de la distribución actual y las distribuciones YTD, siendo la mayoría proveniente del retorno de capital.
Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF)는 주주들에게 다가오는 분배와 회계 연도의 누적 분배에 대한 자금 출처에 대한 세부 정보를 제공했습니다. 관리된 분배 정책은 자본 이득과 수입을 포함한 정기적인 월간 분배를 통해 장기적인 총수익 잠재력을 제공하는 것을 목표로 합니다. 그러나 이사회는 언제든지 이 정책을 변경할 수 있으며, 이는 주식의 시장 가격에 영향을 미칠 수 있습니다. 분배금은 투자 수익 및 자본 환원 등 다양한 출처를 포함할 수 있으며, 이는 펀드의 실제 성과를 반영하지 않을 수 있습니다. 분배금의 최종 세금 특성은 달력 연도가 끝난 후에 1099-DIV 양식으로 확인됩니다. 주주들은 현재 분배와 YTD 분배의 상세한 내역을 받게 되며, 그중 대부분이 자본 환원에서 비롯됩니다.
Le Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) a fourni aux actionnaires des détails sur les sources de leur prochaine distribution et les distributions cumulatives pour l'exercice fiscal. La politique de distribution gérée vise à offrir un potentiel de rendement total à long terme à travers des distributions mensuelles régulières, incluant des gains en capital et des revenus. Cependant, le conseil peut modifier cette politique à tout moment, affectant le prix du marché des actions. Les distributions peuvent comprendre diverses sources, comme le revenu net d'investissement et le retour de capital, qui peuvent ne pas refléter la performance réelle du fonds. Les caractéristiques fiscales finales des distributions seront confirmées sur le formulaire 1099-DIV après la fin de l'année civile. Les actionnaires recevront un détail précis de la distribution actuelle et des distributions YTD, la majorité provenant du retour de capital.
Der Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) hat seinen Aktionären Details über die Quellen ihrer bevorstehenden Ausschüttung und die kumulativen Ausschüttungen für das Geschäftsjahr mitgeteilt. Die verwaltete Ausschüttungspolitik zielt darauf ab, durch regelmäßige monatliche Ausschüttungen, einschließlich Kapitalgewinnen und Einkommen, langfristiges Gesamtertragspotenzial zu liefern. Allerdings kann der Vorstand diese Politik jederzeit ändern, was den Marktpreis der Aktien beeinflussen kann. Die Ausschüttungen können verschiedene Quellen umfassen, wie Nettoanlageeinkommen und Kapitalrückzahlungen, die möglicherweise nicht die tatsächliche Leistung des Fonds widerspiegeln. Die endgültigen steuerlichen Merkmale der Ausschüttungen werden nach dem Ende des Kalenderjahres auf Formular 1099-DIV bestätigt. Die Aktionäre erhalten eine detaillierte Aufschlüsselung der aktuellen Ausschüttung und der YTD-Ausschüttungen, wobei der Großteil aus Kapitalrückzahlungen stammt.
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NEW YORK, April 29, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the "Fund") with information regarding the sources of the distribution to be paid on April 30, 2024 and cumulative distributions paid fiscal year-to-date.

In December 2021, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.

The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.

DISTRIBUTION ESTIMATES

April 2024

YEAR-TO-DATE (YTD)

April 30, 2024*

Source

Per Share
Amount

% of Current
Distribution

Per Share
Amount

% of 2024
Distributions

Net Investment Income

$0.0318

36.55 %

$0.1302

37.41 %

Net Realized Short-Term Capital Gains

$0.0000

0.00 %

$0.0000

0.00 %

Net Realized Long-Term Capital Gains

$0.0000

0.00 %

$0.0000

0.00 %

Return of Capital (or other Capital Source)

$0.0552

63.45 %

$0.2178

62.59 %

Total Current Distribution

$0.0870

100.00 %

$0.3480

100.00 %

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES

The Fund's Year-to-date Cumulative Total Return for fiscal year 2024 (January 1, 2024 through March 31, 2024) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2024. In addition, the Fund's Average Annual Total Return for the five-year period ending March 31, 2024 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2024. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Fund Performance and Distribution Rate Information:

Year-to-date January 1, 2024 to March 31, 2024

Year-to-date Cumulative Total Return1

8.03 %

Cumulative Distribution Rate2

3.05 %


Five-year period ending March 31, 2024

Average Annual Total Return3

6.24 %

Current Annualized Distribution Rate4

9.14 %



1.

Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.

2.

Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2024 through April 30, 2024) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of March 31, 2024.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending March 31, 2024. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of those distributions.

4.

The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of March 31, 2024.

Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.

Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.

Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Cision View original content:https://www.prnewswire.com/news-releases/cohen--steers-closed-end-opportunity-fund-inc-fof-notification-of-sources-of-distribution-under-section-19a-302130742.html

SOURCE Cohen & Steers, Inc.

FAQ

What sources does the Cohen & Steers Closed-End Opportunity Fund, Inc. disclose for their distributions?

The Fund discloses sources such as net investment income, return of capital, short-term and long-term capital gains for their distributions.

How does the managed distribution policy impact the Fund's shareholders?

The managed distribution policy provides shareholders with regular monthly distributions and flexibility in realizing long-term capital gains, but changes to this policy can affect the market price of the shares.

What is the significance of the return of capital in the distributions?

The return of capital may be a part of the distribution, reflecting money paid back to shareholders and not necessarily the Fund's investment performance.

Where can shareholders find additional information about the Fund's distributions and performance?

Shareholders can access the Fund's reports and regulatory filings on cohenandsteers.com or the Securities and Exchange Commission's EDGAR Database.

What should investors consider before investing in the Cohen & Steers Closed-End Opportunity Fund, Inc.?

Investors should carefully review the Fund's investment objectives, risks, charges, and expenses before making any investment decisions.

Cohen & Steers Inc.

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