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.
The Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) announced details about the distribution payments to shareholders, scheduled for March 31, 2023. The Fund's managed distribution policy, implemented in December 2021, allows for regular monthly payments to enhance long-term returns. The current distribution is set at $0.0870 per share, which comprises net investment income and return of capital. Year-to-date cumulative total return is reported at 4.25%, with a cumulative distribution rate of 2.39%. Shareholders should note that a portion of the distribution may be a return of capital, which impacts tax basis rather than taxable income.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced details regarding the distribution to shareholders on February 28, 2023. Following a managed distribution policy initiated in December 2021, the Fund aims to provide consistent monthly distributions at a fixed rate. The February distribution includes $0.0870 per share, with 39.89% sourced from net investment income and 60.11% as a return of capital. Year-to-date returns show a cumulative total return of 7.50% against a distribution rate of 1.54%. While the policy allows flexibility in capital gains distributions, changes to it could impact share prices. Shareholders will receive a Form 1099-DIV for tax reporting.
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