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

Rhea-AI Summary

Cohen & Steers Infrastructure Fund (NYSE:UTF) provided estimated sources for the distribution payable October 31, 2025 and cumulative distributions year-to-date through October 31, 2025. The Fund estimated the current monthly distribution at $0.1550 per share (65.94% net investment income, 22.58% long-term capital gains, 11.48% return of capital) and YTD distributions at $1.5500 per share.

Performance metrics: YTD cumulative total return 16.68% (Jan 1–Sep 30, 2025), five-year average annual total return 11.05%, and current annualized distribution rate 7.06% (NAV basis).

The notice warns distributions are estimated, may include return of capital, and final tax characterization will appear on Form 1099-DIV.

Positive

• Current monthly distribution of $0.1550 per share
• YTD distributions totaling $1.5500 per share
• YTD cumulative total return 16.68% (Jan 1–Sep 30, 2025)
• Five-year average annual total return 11.05%
• Current annualized distribution rate 7.06% (NAV basis)

Negative

• Portion of distributions may be return of capital, reducing tax basis
• Fund estimates it has distributed more than income and gains
• Distribution sources are estimated and may change for tax reporting
• Board may amend or suspend the managed distribution policy, adversely affecting market price

Insights

Fund distribution analyst

Monthly distribution is mostly ordinary income with a small return of capital; YTD distributions equal $1.5500 per share.

The Fund reports a current per-share distribution of $0.1550 for payment on October 31, 2025, composed of $0.1022 (65.94%) from net investment income, $0.0350 (22.58%) from long-term capital gains, and $0.0178 (11.48%) classified as return of capital. Year-to-date distributions total $1.5500 per share, with 52.55% from net investment income and 36.74% from long-term capital gains.

The business mechanism: the Fund uses a managed distribution policy to pay fixed monthly amounts while realizing gains throughout the year; this drives regular cash payouts but can cause distributions to exceed income, producing return of capital that reduces shareholders' tax basis. Dependencies and risks: the Board may amend or suspend the policy at any time, and final tax characterizations can change after year-end; the press release repeatedly notes estimates and advises Form 1099-DIV will provide final tax reporting.

Concrete items to watch over the next weeks and months include the final Form 1099-DIV after the calendar year, any Board action modifying the managed distribution policy, and the Fund's year-end adjustment to the estimated sources that may change the reported return-of-capital portion; monitor these through the Fund's notices and the Fund website around the close of the calendar year.

NEW YORK, Oct. 28, 2025 /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 October 31, 2025 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	October 2025		YEAR-TO-DATE (YTD) October 31, 2025*
Source	Per Share Amount	% of Current Distribution	Per Share Amount	% of 2025 Distributions
Net Investment Income	$0.1022	65.94 %	$0.8146	52.55 %
Net Realized Short-Term Capital Gains	$0.0000	0.00 %	$0.1252	8.08 %
Net Realized Long-Term Capital Gains	$0.0350	22.58 %	$0.5695	36.74 %
Return of Capital (or other Capital Source)	$0.0178	11.48 %	$0.0407	2.63 %
Total Current Distribution	$0.1550	100.00 %	$1.5500	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 September 30, 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 September 30, 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 September 30, 2025
Year-to-date Cumulative Total Return1	16.68 %
Cumulative Distribution Rate2	5.89 %
Five-year period ending September 30, 2025
Average Annual Total Return3	11.05 %
Current Annualized Distribution Rate4	7.06 %

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 October 31, 2025) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of September 30, 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 September 30, 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 September 30, 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)

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SOURCE Cohen & Steers, Inc.

FAQ

What distribution will Cohen & Steers Infrastructure Fund (UTF) pay on October 31, 2025?

The Fund estimates a $0.1550 per share distribution payable October 31, 2025.

How much have UTF shareholders received year-to-date through October 31, 2025?

Year-to-date distributions are estimated at $1.5500 per share through October 31, 2025.

What portion of the UTF October 2025 distribution is return of capital?

The Fund estimates $0.0178 per share (11.48% of the current distribution) as return of capital for October 2025.

What are UTF's performance metrics for 2025 and five years ending Sept 30, 2025?

YTD cumulative total return (Jan 1–Sep 30, 2025) is 16.68%; five-year average annual total return is 11.05%.

Will UTF's distribution tax details be final on October 31, 2025?

No; distribution sources are estimated and final tax characterizations will be reported on Form 1099-DIV after year-end.

How does UTF calculate the current annualized distribution rate of 7.06%?

The 7.06% rate is the current fiscal period's distribution rate annualized as a percentage of NAV as of September 30, 2025.