Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)
Rhea-AI Summary
Cohen & Steers Closed-End Opportunity Fund (NYSE:CNS) provided estimated sources for its March 31, 2026 distribution and year-to-date distributions through March 31, 2026. The current distribution is $0.0870 per share, funded 78.62% by net investment income and 21.38% by net realized long-term capital gains. Year-to-date distributions total $0.2610 per share, with 60.69% from long-term gains and 39.31% from net investment income. The Fund reports a year-to-date NAV cumulative total return of 6.39%, five-year average annual NAV return of 10.54%, and a current annualized distribution rate of 7.53%. Distributions are estimates and final tax characteristics will be reported on Form 1099-DIV.
Positive
- Current distribution of $0.0870 per share announced
- 78.62% of current distribution from net investment income
- YTD distributions $0.2610 per share with 60.69% from long-term gains
- Five-year average annual NAV return of 10.54%
- Current annualized distribution rate of 7.53%
Negative
- All distribution amounts are estimates and may change before year-end
- Board may amend, suspend or terminate managed distribution policy, potentially affecting share price
- Final tax characterization pending; shareholders will receive Form 1099-DIV for tax reporting
- Significant portion of YTD distributions (60.69%) depends on realized long-term gains
News Market Reaction – FOF
In the Mar 31 session, FOF gained 1.83%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| 2026-02-26 | Section 19(a) notice | Neutral | +0.5% | Updated breakdown of February distribution sources and YTD performance metrics. |
| 2026-01-27 | Section 19(a) notice | Neutral | +2.1% | January distribution declared as entirely long-term capital gains with NAV stats. |
| 2025-12-18 | Section 19(a) notice | Neutral | +0.4% | December distribution composition and full-year YTD totals with NAV returns. |
| 2025-11-26 | Section 19(a) notice | Neutral | +0.2% | November distribution sources and cumulative YTD distribution breakdown. |
| 2025-10-28 | Section 19(a) notice | Neutral | -0.2% | October distribution mix plus YTD performance and distribution rates on NAV basis. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent Section 19(a) distribution notices have led to small, mostly positive 1-day moves (from -0.23% to 2.12%), suggesting the market typically treats these updates as routine information.
Over the last several months, FOF has repeatedly issued Section 19(a) notices detailing the tax character of its steady $0.0870 monthly distribution and year-to-date source mix. Prior updates showed varying blends of net investment income, long‑ and short‑term gains, and occasional return of capital, alongside NAV total returns and distribution rates. Price reactions to these notices have been modest, indicating investors largely view them as regular transparency on the Fund’s managed distribution policy rather than new strategic developments.
Key Terms
managed distribution policy financial
return of capital financial
net asset value financial
Form 1099-DIV regulatory
EDGAR regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 | March 2026 | YEAR-TO-DATE (YTD) March 31, 2026* | ||
Source | Per Share Amount | % of Current Distribution | Per Share Amount | % of 2026 Distributions |
Net Investment Income | 78.62 % | 39.31 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 0.00 % | ||
Net Realized Long-Term Capital Gains | 21.38 % | 60.69 % | ||
Return of Capital (or other Capital Source) | 0.00 % | 0.00 % | ||
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 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 2026 (January 1, 2026 through February 28, 2026) 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 2026. In addition, the Fund's Average Annual Total Return for the five-year period ending February 28, 2026 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2026. 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, 2026 to February 28, 2026 | |
Year-to-date Cumulative Total Return1 | 6.39 % |
Cumulative Distribution Rate2 | 1.88 % |
Five-year period ending February 28, 2026 | |
Average Annual Total Return3 | 10.54 % |
Current Annualized Distribution Rate4 | 7.53 % |
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 March 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 February 28, 2026. |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending February 28, 2026. 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 February 28, 2026. |
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.