Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)

Rhea-AI Summary

Cohen & Steers Infrastructure Fund (NYSE: UTF) notified shareholders of the sources of its monthly distribution to be paid January 30, 2026 and cumulative distributions year-to-date.

The $0.1550 per-share January distribution is estimated as $0.0318 (20.52%) net investment income and $0.1232 (79.48%) return of capital. Fiscal 2025 NAV-based returns: YTD cumulative total return 15.65%, five-year average annual return 8.69%, and current annualized distribution rate 7.27%.

Positive

• Distribution per share of $0.1550 for January 2026
• YTD NAV total return 15.65% for 2025
• Five-year average annual return 8.69% through Dec 31, 2025
• Current annualized distribution rate 7.27% (NAV basis)

Negative

• Return of capital composes 79.48% of the January distribution
• Distributed in excess of income, indicating basis reduction for shareholders

Key Figures

Total current distribution: $0.1550 per share Net investment income share: 20.52% Return of capital share: 79.48% +5 more

8 metrics

Total current distribution $0.1550 per share UTF January 30, 2026 monthly distribution

Net investment income share 20.52% Portion of UTF January 2026 distribution from net investment income

Return of capital share 79.48% Portion of UTF January 2026 distribution classified as return of capital

Year‑to‑date total return 15.65% UTF NAV total return, Jan 1–Dec 31, 2025

Cumulative distribution rate 0.61% UTF cumulative distribution rate for current fiscal period to Jan 31, 2026

5‑year avg annual return 8.69% UTF average annual NAV total return, 5 years ending Dec 31, 2025

Current annualized distribution 7.27% UTF current annualized distribution rate vs NAV as of Dec 31, 2025

Net investment income per share $0.0318 UTF January 2026 distribution component from net investment income

Market Reality Check

Price: $63.95 Vol: Volume 501,984 is 1.44x t...

normal vol

$63.95 Last Close

Volume Volume 501,984 is 1.44x the 20-day average of 348,880 shares. normal

Technical Shares at $65.09 are trading below the $71.14 200-day moving average.

Peers on Argus

CNS slipped 0.25% with mixed peer moves: AB (-1.58%), FHI (-1.48%) down, while A...

CNS slipped 0.25% with mixed peer moves: AB (-1.58%), FHI (-1.48%) down, while APAM (+0.50%), DNP (+0.40%), HTGC (+0.75%) rose, indicating stock-specific trading rather than a clear sector trend.

Historical Context

5 past events · Latest: Jan 22 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 22	Earnings release	Neutral	-4.2%	Q4 and full‑year 2025 financial results and earnings materials posted.
Jan 14	Earnings date set	Neutral	+1.4%	Announced timing for Q4 and 2025 results and related conference call.
Jan 12	AUM and flows update	Neutral	-0.6%	Reported December 2025 AUM of $90.5B with market depreciation and inflows.
Jan 12	Leadership appointment	Neutral	+0.3%	Named Diana Shieh COO and Head of Asset Management for Private Real Estate.
Jan 7	Regional leadership hire	Neutral	-0.7%	Appointed Kikuo Shirose as Head of Japan to lead local operations.

Pattern Detected

Recent CNS headlines, including earnings and AUM updates, were followed by modest single‑digit price moves in both directions, suggesting balanced reactions without a persistent bias to buy or sell on news.

Recent Company History

Over the last month, CNS issued several updates, including preliminary AUM of $90.5 billion as of Dec 31, 2025, leadership appointments in private real estate and Japan, and Q4/full‑year 2025 results on Jan 22, 2026. These items saw 24‑hour moves ranging from about -4.17% on earnings day to smaller gains and losses around ±1%. The current UTF distribution notice fits into a stream of informational disclosures rather than a step‑change corporate event for CNS.

Market Pulse Summary

This announcement details UTF’s January $0.1550 per‑share distribution, of which 20.52% is from net ...

Analysis

This announcement details UTF’s January $0.1550 per‑share distribution, of which 20.52% is from net investment income and 79.48% from return of capital, and provides context on a 15.65% NAV total return for 2025 and a five‑year average annual return of 8.69%. Investors may focus on how managed distributions, return‑of‑capital components, and the 7.27% current annualized distribution rate interact with long‑term performance and tax treatment.

Key Terms

managed distribution policy, return of capital, mlps, net asset value, +4 more

8 terms

managed distribution policy financial

"In March 2015, the Fund implemented a managed distribution policy in accordance..."

A managed distribution policy is a company’s plan to pay regular cash to shareholders at a set rate by combining income, dividends and occasional return of capital. Think of it as a scheduled withdrawal from a household account: it can provide steady income for investors, but part of the payment may come from savings rather than ongoing earnings, so investors should watch how those payments are funded and whether they are sustainable over time.

return of capital financial

"The Fund's monthly distributions may include... and/or return of capital for federal..."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

mlps financial

"In addition, distributions from the Fund's investments in MLPs are attributed to..."

Master limited partnerships are business structures that trade on public exchanges like stocks but are taxed like partnerships, passing most profits directly to investors. They commonly own energy infrastructure and are valued for steady, distribution-style income—think of buying a share of a toll road that pays regular fees—while returns depend on operating cash flow, commodity prices and leverage, and they create different tax paperwork than regular stocks.

net asset value financial

"The Fund's NAV is calculated as the total market value of all the securities..."

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

nav financial

"The performance and distribution rate information... is based on the Fund's net asset value per share (NAV)."

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

form 1099-div regulatory

"Final tax characteristics... will be provided on Form 1099-DIV, which is mailed..."

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

edgar regulatory

"These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database."

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

distribution rate financial

"The Fund's Average Annual Total Return for the five-year period... Current Annualized Distribution Rate for 2025."

Distribution rate is the percentage that shows how much income an investment pays out to holders over a year, usually expressed relative to the fund’s share price or net asset value. It tells investors the income they can expect—similar to the interest rate on a savings account—and helps gauge whether a security is delivering steady cash flow or relying on capital to pay distributions, which can signal higher risk.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 27, 2026 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) (the "Fund") with information regarding the sources of the distribution to be paid on January 30, 2026 and cumulative distributions paid fiscal year-to-date.

In March 2015, 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. This 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. In addition, distributions from the Fund's investments in MLPs are attributed to various sources, including net investment income and return of capital. 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	January 2026		YEAR-TO-DATE (YTD) January 31, 2026*
Source	Per Share Amount	% of Current Distribution	Per Share Amount	% of 2026 Distributions
Net Investment Income	$0.0318	20.52 %	$0.0318	20.52 %
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)	$0.1232	79.48 %	$0.1232	79.48 %
Total Current Distribution	$0.1550	100.00 %	$0.1550	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 December 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 December 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 December 31, 2025
Year-to-date Cumulative Total Return1	15.65 %
Cumulative Distribution Rate2	0.61 %
Five-year period ending December 31, 2025
Average Annual Total Return3	8.69 %
Current Annualized Distribution Rate4	7.27 %

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, 2026 through January 31, 2026) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of December 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 December 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 December 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 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.

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

View original content:https://www.prnewswire.com/news-releases/cohen--steers-infrastructure-fund-inc-utf-notification-of-sources-of-distribution-under-section-19a-302671835.html

SOURCE Cohen & Steers, Inc.

FAQ

What sources make up Cohen & Steers Infrastructure Fund's (UTF) January 30, 2026 distribution?

The January 30, 2026 distribution totals $0.1550 per share, split between $0.0318 net investment income and $0.1232 return of capital. According to the company, estimated tax character is subject to year-end adjustments.

How much of UTF's January 2026 distribution is return of capital and what does that mean for shareholders?

An estimated 79.48% of the January 2026 distribution is return of capital, which reduces a shareholder's tax basis. According to the company, this is not taxable income but may affect cost basis and future capital gains.

What were Cohen & Steers Infrastructure Fund's NAV-based returns for 2025 and recent performance metrics?

The fund reported a 15.65% year-to-date cumulative NAV total return for 2025 and a five-year average annual return of 8.69%. According to the company, these figures include distributions and assume reinvestment.

What is UTF's current annualized distribution rate and how is it measured?

The current annualized distribution rate is 7.27% on a NAV basis. According to the company, this rate annualizes the current fiscal period's distributions relative to the Fund's NAV as of December 31, 2025.

Will these distribution estimates be final for tax reporting for UTF shareholders?

No, these are preliminary estimates and may change; shareholders will receive a Form 1099-DIV with final tax characterizations. According to the company, final amounts are determined after the calendar year-end.