Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) has announced its distribution sources for August 29, 2025, under its managed distribution policy. The Fund's August distribution of $0.0870 per share consists of:
- 62.30% from net investment income ($0.0542)
- 22.41% from net realized long-term capital gains ($0.0195)
- 15.29% from return of capital ($0.0133)
The Fund has demonstrated strong performance with a year-to-date total return of 9.08% and a five-year average annual total return of 10.84%. The current annualized distribution rate stands at 8.41% of NAV.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) ha comunicato le fonti della distribuzione per il 29 agosto 2025, in base alla sua politica di distribuzione gestita. La distribuzione di agosto di $0.0870 per azione è così composta:
- 62,30% da reddito netto d'investimento ($0.0542)
- 22,41% da plusvalenze nette realizzate a lungo termine ($0.0195)
- 15,29% da rimborso di capitale ($0.0133)
Il Fondo ha mostrato solide performance con un rendimento totale da inizio anno del 9,08% e un rendimento totale medio annuo a cinque anni del 10,84%. L'attuale tasso di distribuzione annualizzato è pari al 8,41% del NAV.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) ha anunciado las fuentes de su distribución del 29 de agosto de 2025, conforme a su política de distribución gestionada. La distribución de agosto de $0.0870 por acción se compone de:
- 62,30% de ingresos netos por inversiones ($0.0542)
- 22,41% de ganancias netas realizadas a largo plazo ($0.0195)
- 15,29% de devolución de capital ($0.0133)
El Fondo ha mostrado un buen desempeño con un rendimiento total acumulado en el año del 9,08% y un rendimiento total promedio anual a cinco años del 10,84%. La tasa de distribución anualizada actual equivale al 8,41% del NAV.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF)는 2025년 8월 29일 분배금의 출처를 관리형 분배 정책에 따라 발표했습니다. 1주당 $0.0870인 8월 분배금은 다음과 같습니다:
- 순투자소득의 62.30% ($0.0542)
- 장기 실현 순자본이득의 22.41% ($0.0195)
- 자본환급의 15.29% ($0.0133)
해당 펀드는 연초 대비 총수익 9.08% 및 5년 평균 연간 총수익 10.84%로 견조한 성과를 보였습니다. 현재 연환산 분배율은 NAV의 8.41%입니다.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) a annoncé les sources de sa distribution du 29 août 2025, conformément à sa politique de distribution gérée. La distribution d'août de $0.0870 par action se compose de :
- 62,30% provenant du revenu net d'investissement ($0.0542)
- 22,41% provenant de plus-values nettes réalisées à long terme ($0.0195)
- 15,29% provenant d'un retour de capital ($0.0133)
Le Fonds a affiché de bonnes performances avec un rendement total depuis le début de l'année de 9,08% et un rendement total moyen annuel sur cinq ans de 10,84%. Le taux de distribution annualisé actuel s'élève à 8,41% de la NAV.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) hat die Quellen seiner Ausschüttung für den 29. August 2025 im Rahmen seiner verwalteten Ausschüttungspolitik bekanntgegeben. Die Ausschüttung im August in Höhe von $0.0870 je Aktie setzt sich wie folgt zusammen:
- 62,30% aus Nettoanlageerträgen ($0.0542)
- 22,41% aus realisierten langfristigen Nettokapitalgewinnen ($0.0195)
- 15,29% aus Kapitalrückfluss ($0.0133)
Der Fonds verzeichnet starke Ergebnisse mit einer jährlichen Gesamtrendite seit Jahresbeginn von 9,08% und einer durschnittlichen jährlichen Gesamtrendite über fünf Jahre von 10,84%. Die derzeit annualisierte Ausschüttungsquote beträgt 8,41% des NAV.
- None.
- 15.29% of current distribution represents return of capital
- Fund estimates it has distributed more than its income and capital gains
Insights
FOF's distribution includes 15.29% return of capital; fund shows strong 10.84% 5-year average annual return despite distribution sustainability concerns.
Cohen & Steers Closed-End Opportunity Fund (FOF) has announced its August 2025 distribution of
The return of capital component warrants attention. While representing a smaller portion of the current distribution, it signals the fund is partially returning shareholders' original investment rather than generating sufficient income or gains. Year-to-date, return of capital comprises
Performance metrics paint a positive picture. The fund's year-to-date return stands at
The fund's managed distribution policy, implemented in December 2021, aims to deliver long-term total returns through regular monthly distributions. This structure provides consistency for income-focused investors but introduces complexity in understanding distribution sustainability. With
Shareholders should consider these distribution characteristics within their broader investment strategy, recognizing that return of capital distributions reduce their cost basis rather than generating taxable income.
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 | August 2025 | YEAR-TO-DATE (YTD) August 31, 2025* | ||
Source | Per Share | % of Current | Per Share | % of 2025 |
Net Investment Income | 62.30 % | 33.68 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 0.53 % | ||
Net Realized Long-Term Capital Gains | 22.41 % | 60.72 % | ||
Return of Capital (or other Capital Source) | 15.29 % | 5.07 % | ||
Total Current Distribution | 100.00 % | 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 2025 (January 1, 2025 through July 31, 2025) 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 2025. In addition, the Fund's Average Annual Total Return for the five-year period ending July 31, 2025 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2025. 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, 2025 to July 31, 2025 | |
Year-to-date Cumulative Total Return1 | 9.08 % |
Cumulative Distribution Rate2 | 5.60 % |
Five-year period ending July 31, 2025 | |
Average Annual Total Return3 | 10.84 % |
Current Annualized Distribution Rate4 | 8.41 % |
1. | Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period |
2. | Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2025 through August 31, 2025) |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for |
4. | The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage |
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.
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in
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.
Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)
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SOURCE Cohen & Steers, Inc.
FAQ
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