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 reports recurring closed-end fund distribution information for its NYSE-listed common shares under ticker FOF. The fund is a diversified closed-end management investment company with an objective of total return, consisting of high current income and potential capital appreciation.
News for FOF centers on Section 19(a) notices that identify the sources of monthly distributions under the fund's managed distribution policy. These updates describe distribution components such as long-term capital gains, short-term capital gains, net investment income and return of capital, along with the fund's ability to adjust its policy through board action.
This press release informs shareholders of Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) about the sources of the upcoming distribution on January 31, 2022. The Fund's managed distribution policy, implemented in December 2021, allows it to provide regular monthly distributions to shareholders, incorporating net investment income and return of capital. For January, the total distribution is $0.0870 per share, with 33.33% from net investment income and 66.67% as a return of capital. Shareholders will receive a Form 1099-DIV for tax reporting after the calendar year.
The Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) has announced a managed distribution policy to enhance its long-term total return potential. This policy allows for monthly distributions of fixed rates per common share, with the upcoming distribution scheduled for December 31, 2021. The distribution may include various sources such as long-term capital gains and return of capital, which can affect shareholders' tax basis. Year-to-date cumulative total return stands at 15.81%, while the current annualized distribution rate is 7.54% as of November 30, 2021.