Cohen & Steers MLP Income and Energy Opportunity Fund Announces Share Repurchases
Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) announced the repurchase of 206,212 common shares since November 2, 2020, totaling 811,188 shares repurchased year-to-date as of November 30, 2020. This is part of a share repurchase program authorizing up to 10% of the Fund's outstanding shares within a calendar year. Since inception on March 26, 2013, total shares acquired reached 964,850. Investors are advised to evaluate the Fund's objectives, risks, and expenses before investing.
- Year-to-date share repurchases total 811,188, enhancing shareholder value.
- Total shares repurchased since inception amounts to 964,850, indicating strong management confidence.
- No assurance of future repurchases, potentially limiting ongoing shareholder value enhancement.
NEW YORK, Dec. 1, 2020 /PRNewswire/ -- Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE: MIE; the "Fund") repurchased 206,212 outstanding common shares since the Fund's last repurchase update on November 2, 2020, bringing the year-to-date total repurchased to 811,188 outstanding common shares. The transactions were made as part of a share repurchase program, which authorizes the repurchase of up to
Fund | NYSE | Shares | Shares | Shares |
Cohen & Steers MLP Income and Energy Opportunity Fund | MIE | 206,212 | 811,188 | 964,850 |
Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Fund's most recent periodic reports and other regulatory filings may be obtained by visiting cohenandsteers.com and the Securities and Exchange Commission's EDGAR Database, or by contacting your financial professional. Please read these reports and other filings carefully before investing.
Website: https://www.cohenandsteers.com/
Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
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.
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SOURCE Cohen & Steers, Inc.
FAQ
What recent share repurchase activity has MIE undertaken?
How much of the outstanding shares can MIE repurchase in a calendar year?
What is the total number of shares repurchased by MIE since its inception?
Why is the share repurchase important for MIE shareholders?
