Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notice of Source of Distribution Pursuant to Section 19(a) by Investing.com



New York, April 29, 2024 /PRNewswire/ — This press release is provided to shareholders Cohen & Steers (NYSE:) Closed-End Opportunities Fund, Inc. (NYSE: FOF) (the “Fund”) provides information regarding the source of payment distributions April 30, 2024 and cumulative distributions paid to date during the fiscal year.

exist December 2021the Fund implements management and distribution policies in accordance with the exemption and reduction policies promulgated by the Fund Manager Securities and Exchange Commission. The managed distribution policy is designed to achieve the Fund's long-term total return potential through regular monthly distributions declared at a fixed interest rate on the common shares. This policy gives the fund greater flexibility to realize long-term capital gains throughout the year and distribute these gains to shareholders on a regular monthly basis. The Fund's Board of Directors may modify, terminate or suspend the managed distribution policy at any time, which may have an adverse effect on the market price of Fund shares.

The Fund’s monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or returns of capital for federal income tax purposes. Capital returns include distributions paid by a Fund in excess of its net investment income and net realized capital gains, with such excess paid out of the Fund's assets. The return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her Fund shares. The amount of the monthly distribution may vary based on a variety of factors, including changes in portfolio and market conditions.

At the time of each monthly distribution, information will be posted to cohenandsteers.com and shareholders will be notified at the same time. However, this information may change at the end of the year because the final tax characteristics of Fund distributions are not determined until after the end of the calendar year. The final tax characterization of all Fund distributions will be provided on Form 1099-DIV, which will be mailed after the end of the calendar year.

The following table sets forth the estimated amounts of current distributions and cumulative distributions paid to date during the fiscal year from the sources indicated. All amounts are expressed per common share.

distribution estimate

April 2024

Year to date (YTD)

April 30, 2024

source

per share
quantity

Current percentage
distribute

per share
quantity

Percent of 2024
Distro

net investment income

$0.0318

36.55%

$0.1302

37.41%

Net realized short-term capital gains

$0.0000

0.00%

$0.0000

0.00%

Net realized long-term capital gains

$0.0000

0.00%

$0.0000

0.00%

Return of capital (or other sources of capital)

$0.0552

63.45%

$0.2178

62.59%

Total current distribution

$0.0870

100.00%

$0.3480

100.00%

You should not draw any conclusions about the Fund's investment performance based on the amount of this distribution or the terms of the Fund's management distribution policies. The Fund estimates that its distributions exceed its income and capital gains; therefore, a portion of your distributions may be a return of capital. For example, a return of capital may occur when some or all of the money you invested in the fund is paid back to you. Capital allocation returns do 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 estimates only, may change over time, and are not used for tax reporting purposes. The actual amounts and sources of amounts used for accounting and tax reporting purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may change in accordance with tax regulations. Year-to-date distribution amounts and sources are subject to additional adjustments.

The Fund will send you a calendar year Form 1099-DIV, which will tell you how to report these federal income tax distributions

The fund’s cumulative total return so far in fiscal 2024 (January 1, 2024 through March 31, 2024) as described below. Shareholders should note the relationship between the Fund's year-to-date cumulative total return and the Fund's 2024 cumulative distribution rate. March 31, 2024 As described below. Shareholders should note the relationship between the average annual total return and the fund's current 2024 annualized distribution rate. The fund's net asset value is calculated as the total market value of all securities and other assets held by the fund, less total liabilities, divided by the total number of shares outstanding. While NAV performance may indicate a 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 a fund is determined by the fund's market price, which is based on the supply and demand for fund shares in the open market.

Fund performance and distribution rate information:

year to date January 1, 2024 arrive March 31, 2024

Year-to-date cumulative total return1

8.03%

cumulative distribution rate2

3.05%

end of five years March 31, 2024

average annual total return3

6.24%

Current annualized distribution rate4

9.14%

1.

Year-to-date cumulative total return is the percentage change in a fund's net asset value during the year-to-date period, including distributions paid and assuming those distributions were reinvested.

2.

The fund’s cumulative distribution rate for the current accounting period (January 1, 2024 through April 30, 2024) measured as the dollar value of distributions during the year-to-date period as a percentage of the fund's net asset value March 31, 2024.

3.

Average annual total return represents the compound average of the annual total return on net asset value fund for end of five years March 31, 2024. Annual total NAV return is the percentage change in a fund's NAV during one year, including distributions paid and assuming those distributions were reinvested.

4.

The current annualized distribution rate refers to the annualized distribution rate for the current accounting period as a percentage of the fund's net asset value. March 31, 2024.

Investors should carefully consider the Fund's investment objectives, risks, charges and expenses before investing. You can obtain the Fund's latest periodic reports (if available) and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com.These reports and other documents can be found at U.S. Securities and Exchange Commission EDGAR database. You should read these reports and other documents carefully before investing.

Shareholders should not use the information provided here to prepare tax returns. Shareholders will receive a Form 1099-DIV for that calendar year describing how to report Fund distributions for federal income tax purposes.

Website: https://www.cohenandsteers.com
Code: (NYSE: CNS)

about cohn and stiles. Cohen & Steers is a leading global investment management firm focused on real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions.The company was founded in 1986 and is headquartered in New York Citywith offices London, dublin, Hongkong, Tokyo and Singapore.

forward-looking statements
This press release and other statements cohn and stiles 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 on its operations and financial performance, etc. You can identify these forward-looking statements by the use of words such as “outlook,” “believe,” “expect,” “potential,” “continue,” “may,” “will,” “should,” and “seek.” “Approximately”, “forecast”, “intend”, “plan”, “estimate”, “anticipate” or the negative form of these words or other similar words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in these statements. The Company undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.





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