Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) has announced its distribution for September 30, 2024, and provided information on the sources of this distribution. The Fund implemented a managed distribution policy in December 2021, aiming to deliver long-term total return potential through regular monthly distributions.
For September 2024, the distribution is $0.0870 per share, with 42.18% coming from net investment income and 57.82% from return of capital. Year-to-date, the Fund has distributed $0.7830 per share, with 36.04% from net investment income and 63.96% from return of capital.
The Fund's year-to-date cumulative total return as of August 31, 2024, is 18.23%, with a cumulative distribution rate of 6.50%. The five-year average annual total return ending August 31, 2024, is 7.49%, with a current annualized distribution rate of 8.67%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) ha annunciato la sua distribuzione per il 30 settembre 2024, fornendo anche informazioni sulle fonti di tale distribuzione. Il Fondo ha implementato una politica di distribuzione gestita a dicembre 2021, con l'obiettivo di offrire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari.
Per settembre 2024, la distribuzione è di $0.0870 per azione, con il 42,18% proveniente da reddito da investimenti netti e il 57,82% da rimborso di capitale. Dall'inizio dell'anno, il Fondo ha distribuito $0.7830 per azione, con il 36,04% da reddito da investimenti netti e il 63,96% da rimborso di capitale.
Il rendimento totale cumulativo anno su anno del Fondo al 31 agosto 2024 è del 18,23%, con un tasso di distribuzione cumulativo del 6,50%. La media annuale del rendimento totale su cinque anni al 31 agosto 2024 è del 7,49%, con un attuale tasso di distribuzione annualizzato dell'8,67%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) ha anunciado su distribución para el 30 de septiembre de 2024 y ha proporcionado información sobre las fuentes de esta distribución. El Fondo implementó una política de distribución gestionada en diciembre de 2021, con el objetivo de ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares.
Para septiembre de 2024, la distribución es de $0.0870 por acción, con un 42.18% proveniente de ingresos netos de inversiones y un 57.82% de retorno de capital. Hasta la fecha, el Fondo ha distribuido $0.7830 por acción, con un 36.04% de ingresos netos de inversiones y un 63.96% de retorno de capital.
El rendimiento total acumulado del año hasta la fecha del Fondo hasta el 31 de agosto de 2024 es del 18.23%, con una tasa de distribución acumulativa del 6.50%. El rendimiento total promedio anual a cinco años hasta el 31 de agosto de 2024 es del 7.49%, con una tasa de distribución anualizada actual del 8.67%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF)는 2024년 9월 30일 배당금을 발표하고 이 배당금의 출처에 대한 정보를 제공했습니다. 이 펀드는 2021년 12월에 관리 배당 정책을 시행하여, 정기적인 월별 배당금을 통해 장기적인 총 수익 잠재력을 제공하는 것을 목표로 하고 있습니다.
2024년 9월의 배당금은 주당 $0.0870이며, 42.18%는 순투자 소득에서, 57.82%는 자본 환급에서 발생합니다. 올해 현재까지 이 펀드는 주당 $0.7830을 배당했으며, 그중 36.04%는 순투자 소득에서, 63.96%는 자본 환급에서 발생했습니다.
2024년 8월 31일 기준으로 이 펀드의 년 초 누적 총 수익률은 18.23%이며, 누적 배당률은 6.50%입니다. 2024년 8월 31일까지의 5년 평균 연간 총 수익률은 7.49%이며, 현재 연환산 배당률은 8.67%입니다.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) a annoncé sa distribution pour le 30 septembre 2024 et a fourni des informations sur les sources de cette distribution. Le Fonds a mis en œuvre une politique de distribution gérée en décembre 2021, visant à offrir un potentiel de rendement total à long terme grâce à des distributions mensuelles régulières.
Pour septembre 2024, la distribution est de $0.0870 par action, dont 42,18 % provient des revenus nets d'investissement et 57,82 % du retour de capital. Depuis le début de l'année, le Fonds a distribué $0.7830 par action, dont 36,04 % proviennent des revenus nets d'investissement et 63,96 % du retour de capital.
Le rendement total cumulé depuis le début de l'année du Fonds au 31 août 2024 est de 18,23 %, avec un taux de distribution cumulé de 6,50 %. La moyenne annualisée du rendement total sur cinq ans au 31 août 2024 est de 7,49 %, avec un taux de distribution annualisé actuel de 8,67 %.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) hat seine Ausschüttung für den 30. September 2024 bekannt gegeben und Informationen zu den Quellen dieser Ausschüttung bereitgestellt. Der Fonds führte im Dezember 2021 eine verwaltete Ausschüttungspolitik ein, mit dem Ziel, durch regelmäßige monatliche Ausschüttungen langfristiges Gesamtertragspotenzial zu bieten.
Für September 2024 beträgt die Ausschüttung $0.0870 pro Anteil, wobei 42,18% aus netto Investmenterträgen und 57,82% aus Rückgabe von Kapital stammen. Seit Jahresbeginn hat der Fonds $0.7830 pro Anteil ausgeschüttet, davon 36,04% aus netto Investmenterträgen und 63,96% aus Rückgabe von Kapital.
Die jährliche kumulierte Gesamtrendite des Fonds zum 31. August 2024 beträgt 18,23%, mit einem kumulierten Ausschüttungsdurchsatz von 6,50%. Die fünfjährige durchschnittliche jährliche Gesamtrendite bis zum 31. August 2024 beträgt 7,49%, mit einem aktuellen annualisierten Ausschüttungsdurchsatz von 8,67%.
- Year-to-date cumulative total return of 18.23% as of August 31, 2024
- Five-year average annual total return of 7.49%
- Current annualized distribution rate of 8.67%
- 63.96% of year-to-date distributions classified as return of capital, potentially reducing shareholders' tax basis
- Fund estimates it has distributed more than its income and capital gains
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 | September 2024 | YEAR-TO-DATE (YTD) | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 42.18 % | 36.04 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 0.00 % | ||
Net Realized Long-Term Capital Gains | 0.00 % | 0.00 % | ||
Return of Capital (or other Capital Source) | 57.82 % | 63.96 % | ||
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 Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does 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 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 2024 (January 1, 2024 through August 31, 2024) 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 2024. In addition, the Fund's Average Annual Total Return for the five-year period ending August 31, 2024 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2024. 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, 2024 to August 31, 2024 | |
Year-to-date Cumulative Total Return1 | 18.23 % |
Cumulative Distribution Rate2 | 6.50 % |
Five-year period ending August 31, 2024 | |
Average Annual Total Return3 | 7.49 % |
Current Annualized Distribution Rate4 | 8.67 % |
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, 2024 through September 30, 2024) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of August 31, 2024. |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending August 31, 2024. 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 August 31, 2024. |
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.
Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)
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
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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.
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SOURCE Cohen & Steers, Inc.
FAQ
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