Welcome to our dedicated page for Cohen & Steers Closed End Opportunity Fund news (Ticker: FOF), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers Closed End Opportunity Fund stock.
Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) is a diversified, closed-ended management investment company with a primary objective of achieving a total return, which includes high current income and potential capital appreciation for its shareholders. Established as part of the reputable Cohen & Steers, a global investment manager specializing in liquid real assets, FOF invests in various securities to meet its financial targets.
The Fund's investment strategy places a strong emphasis on a managed distribution policy, which was implemented in December 2021. This policy allows the Fund to deliver its long-term total return potential through regular monthly distributions declared at a fixed rate per common share. Such a strategy provides flexibility to realize long-term capital gains throughout the year and distribute these gains regularly. However, the policy can be amended, terminated, or suspended by the Fund's Board of Directors, which could impact the market price of the Fund's shares.
FOF's monthly distributions may comprise long-term capital gains, short-term capital gains, net investment income, and/or return of capital for federal tax purposes. These distributions offer shareholders insight into the Fund's performance, although the final tax characteristics of the distributions are determined post-calendar year-end and reported via Form 1099-DIV.
The Fund's performance metrics include its Year-to-date Cumulative Total Return and Average Annual Total Return over a five-year period. These figures are based on FOF's Net Asset Value per share (NAV), which represents the total market value of all securities and other assets held by the Fund, minus total liabilities, divided by the total number of shares outstanding. However, a shareholder's individual investment value is determined by the Fund's market price, based on the supply and demand for FOF's shares in the open market.
Investors are encouraged to consider the Fund's investment objectives, risks, charges, and expenses carefully before investing. Periodic reports and regulatory filings are available for review to provide comprehensive insights into the Fund's performance and operations. As part of Cohen & Steers, FOF benefits from the firm's extensive expertise, established in 1986, with a global presence in cities such as New York, London, Hong Kong, Tokyo, and Seattle.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) has announced its distribution for August 2024, to be paid on August 30, 2024. The Fund follows a managed distribution policy aimed at delivering long-term total returns through regular monthly distributions. For August 2024, the distribution is estimated to be:
- $0.0348 (40.00%) from Net Investment Income
- $0.0522 (60.00%) from Return of Capital
The total distribution is $0.0870 per share. Year-to-date, the Fund has distributed $0.6960 per share. The Fund's year-to-date cumulative total return is 15.53%, with a cumulative distribution rate of 5.87%. The Fund's five-year average annual total return is 6.64%, with a current annualized distribution rate of 8.81%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) has announced its distribution sources for July 31, 2024, and cumulative distributions for the fiscal year-to-date. The Fund follows a managed distribution policy implemented in December 2021, aiming to deliver long-term total return through regular monthly distributions. For July 2024, the distribution includes 37.36% from net investment income and 62.64% from return of capital. Year-to-date, the Fund's distributions comprise 34.26% net investment income and 65.74% return of capital. The Fund's year-to-date cumulative total return is 12.37%, with a cumulative distribution rate of 5.25%. The Fund's five-year average annual total return is 6.35%, with a current annualized distribution rate of 8.99%.
Cohen & Steers Closed-End Opportunity Fund (NYSE: CNS) announced the sources of its distributions payable on June 28, 2024, under a managed distribution policy initiated in December 2021. The policy, which aims for steady monthly payouts, may include net investment income, capital gains, and return of capital. For June 2024, the distribution per share is $0.0870, composed of 47.59% net investment income and 52.41% return of capital.
Year-to-date, the Fund has paid $0.5220 per share, with 40.23% from net investment income and 59.77% from return of capital. Shareholders should be aware that a portion of their distributions may be a return of capital, which reduces their tax basis. The Fund’s year-to-date cumulative total return is 10.28%, while the five-year average annual total return stands at 6.92%.
The managed distribution policy can be revised by the Board at any time, potentially affecting the market price. Final tax characteristics of distributions will be reported in Form 1099-DIV after the calendar year ends.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) has announced the sources of its distribution to be paid on May 31, 2024. The distribution includes 35.86% from net investment income and 64.14% from return of capital. The Fund implemented a managed distribution policy in December 2021 to provide regular monthly distributions at a fixed rate per share. This policy allows for flexibility in realizing and distributing long-term capital gains. The Fund's year-to-date cumulative total return through April 30, 2024, is 5.92%, with a cumulative distribution rate of 3.92%, and a five-year average annual total return of 5.43%. The policy may be amended or terminated by the Board of Directors, potentially affecting the market price of the Fund's shares. Shareholders will receive detailed tax information on Form 1099-DIV after the calendar year-end.
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.
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