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 September 2025 distribution details and sources. The Fund's distribution of $0.0870 per share consists of: net investment income (7.93%), net realized long-term capital gains (34.37%), and return of capital (57.70%).
The Fund's performance metrics show a year-to-date total return of 11.87% and a five-year average annual total return of 10.65%. The current annualized distribution rate stands at 8.25% of NAV. The Fund operates under a managed distribution policy implemented in December 2021, aiming to deliver long-term total returns through regular monthly distributions.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) ha annunciato le cifre della distribuzione di settembre 2025 e le relative fonti. La distribuzione di $0,0870 per azione è composta da: reddito netto da investimenti (7,93%), plusvalenze realizzate nette a lungo termine (34,37%), e rimborso di capitale (57,70%).
Le metriche di rendimento mostrano un rendimento totale dall'inizio dell'anno dell'11,87% e un rendimento totale medio annuale degli ultimi cinque anni del 10,65%. L'attuale tasso di distribuzione annualizzato è del 8,25% del NAV. Il fondo segue una politica di distribuzioni gestite introdotta nel dicembre 2021, mirata a generare rendimenti totali a lungo termine tramite distribuzioni mensili regolari.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) ha anunciado los detalles y las fuentes de su distribución de septiembre de 2025. La distribución de $0,0870 por acción se compone de: ingreso neto por inversiones (7,93%), ganancias de capital netas a largo plazo (34,37%) y devolución de capital (57,70%).
Las métricas de rendimiento muestran un rendimiento total acumulado desde inicio de año del 11,87% y un rendimiento total promedio anual de los últimos cinco años del 10,65%. La tasa de distribución anual actual es del 8,25% del NAV. El fondo opera bajo una política de distribución gestionada implementada en diciembre de 2021, con el objetivo de entregar rendimientos totales a largo plazo mediante distribuciones mensuales regulares.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF)가 2025년 9월 배당 세부내역과 원천을 발표했습니다. 주당 $0.0870의 배당은 투자소득 순수익(7.93%), 장기 보유에 따른 순실현 자본이익(34.37%), 자본의 회수(57.70%)로 구성됩니다.
펀드의 성과 지표는 연초부터의 총수익률이 11.87%이고, 지난 5년간의 연평균 총수익률이 10.65%임을 보여주며, 현재 연간 배당률은 NAV의 8.25%에 해당합니다. 2021년 12월 도입된 관리 배당 정책 하에 이 펀드는 정기적으로 매월 배당을 통해 장기 총수익을 목표로 운용됩니다.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) a annoncé les détails et les sources de sa distribution de septembre 2025. La distribution de $0,0870 par action se compose de: revenu net d'investissement (7,93%), gains en capital nets à long terme (34,37%) et retour de capital (57,70%).
Les indicateurs de performance montrent un rendement total depuis le début de l'année de 11,87% et un rendement total moyen annuel sur cinq ans de 10,65%. Le taux de distribution annualisé actuel est de 8,25% du NAV. Le fonds applique une politique de distribution gérée mise en place en décembre 2021, visant à délivrer des rendements totaux à long terme via des distributions mensuelles régulières.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) hat Details zu seiner September-2025-Ausschüttung und deren Quellen bekannt gegeben. Die Ausschüttung von $0,0870 pro Aktie setzt sich zusammen aus: Netto-Investment-Erträgen (7,93%), netto realisierte langfristige Kapitalgewinne (34,37%) und Kapitalrückführung (57,70%).
Die Leistungskennzahlen zeigen einen seit Jahresbeginn von 11,87% und eine fünfjährige durchschnittliche Gesamtrendite von 10,65%. Die derzeitige jährliche Ausschüttungsrate liegt bei 8,25% des NAV. Der Fonds arbeitet unter einer seit Dezember 2021 implementierten Managed-Distribution-Policy, die darauf abzielt, langfristige Gesamtrenditen durch regelmäßige monatliche Ausschüttungen zu liefern.
صندوق Cohen & Steers Closed-End Opportunity Fund (بورصة نيويورك: FOF) أعلن عن تفاصيل وتكاليف توزيعاته لشهر سبتمبر 2025 ومصادرها. التوزيع البالغ $0.0870 للسهم يتكوّن من: الدخل الاستثماري الصافي (7.93%)، والأرباح الرأسمالية المحققة الصافية على المدى الطويل (34.37%)، وإعادة رأس المال (57.70%).
تشير مقاييس الأداء إلى عائد إجمالي من بداية السنة مقداره 11.87% وعلى مدى خمس سنوات معدل عائد إجمالي سنوي متوسط قدره 10.65%. معدل التوزيع السنوي الحالي عند 8.25% من صافي قيمة الأصول (NAV). يعمل الصندوق وفق سياسة توزيع مُدارة نفذت في ديسمبر 2021، وتهدف إلى تحقيق عوائد إجمالية طويلة الأجل من خلال توزيعات شهرية منتظمة.
Cohen & Steers Closed-End Opportunity Fund（NYSE: FOF） 已公布其2025年9月的分配详情及来源。基金的分配额为$0.0870/股，由以下组成：投资净收益（7.93%）、净实现的长期资本利得（34.37%）以及资本回流（57.70%）。
基金的业绩指标显示年初至今总回报为11.87%，过去五年的平均年度总回报为10.65%。当前年度化分配率为NAV的8.25%。基金自2021年12月起实施的受控分配政策，旨在通过定期的每月分配实现长期总回报。
- None.
- 57.70% of current distribution consists of return of capital, which reduces shareholders' tax basis
- Fund has distributed more than its income and capital gains
Insights
FOF fund's distributions include significant return of capital; strong YTD returns of 11.87% despite distribution composition concerns.
This notification reveals important insights about Cohen & Steers Closed-End Opportunity Fund's (FOF) distribution composition. The most recent distribution of
Return of capital distributions essentially return investors' own money, potentially eroding the fund's asset base if not supported by actual performance. While not inherently negative (as they can result from tax-efficient strategies), they shouldn't be confused with yield generated from income or gains.
Looking at year-to-date figures provides context:
The fund's
The managed distribution policy implemented in December 2021 allows the fund flexibility to realize long-term gains throughout the year while providing regular monthly distributions. While this benefits shareholders seeking consistent income, investors should recognize that these distributions don't necessarily reflect current fund earnings.
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 |
September 2025 |
YEAR-TO-DATE (YTD) September 30, 2025* |
||
|
Source |
Per Share Amount |
% of Current Distribution |
Per Share Amount |
% of 2025 Distributions |
|
Net Investment Income |
|
7.93 % |
|
30.83 % |
|
Net Realized Short-Term Capital Gains |
|
0.00 % |
|
0.04 % |
|
Net Realized Long-Term Capital Gains |
|
34.37 % |
|
57.78 % |
|
Return of Capital (or other Capital Source) |
|
57.70 % |
|
11.35 % |
|
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 August 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 August 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 August 31, 2025 |
|
|
Year-to-date Cumulative Total Return1 |
11.87 % |
|
Cumulative Distribution Rate2 |
6.19 % |
|
|
|
|
Five-year period ending August 31, 2025 |
|
|
Average Annual Total Return3 |
10.65 % |
|
Current Annualized Distribution Rate4 |
8.25 % |
|
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, 2025 through September 30, 2025) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of August 31, 2025. |
|
3. |
Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending August 31, 2025. 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 August 31, 2025. |
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
What is the composition of FOF's September 2025 distribution?
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How has FOF performed year-to-date in 2025?
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When did FOF implement its managed distribution policy?
