Cohen & Steers MLP Income and Energy Opportunity Fund Announces Share Repurchases

Rhea-AI Summary

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.

Positive

• Year-to-date share repurchases total 811,188, enhancing shareholder value.
• Total shares repurchased since inception amounts to 964,850, indicating strong management confidence.

Negative

• 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 10% of the Fund's outstanding common shares during a calendar year. Repurchases are at management's discretion, and no assurance can be made that the Fund will repurchase additional shares. The Fund's outstanding common share repurchases made year-to-date through November 30, 2020, and since inception are listed below.

Fund	NYSE Symbol	Shares Acquired Since Last Update November 2, 2020	Shares Acquired Year-to-Date November 30, 2020	Shares Acquired Since Inception March 26, 2013
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?

Cohen & Steers MLP Income and Energy Opportunity Fund repurchased 206,212 shares since November 2, 2020, bringing the total to 811,188 shares for 2020.

How much of the outstanding shares can MIE repurchase in a calendar year?

MIE's share repurchase program allows for the repurchase of up to 10% of its outstanding common shares each calendar year.

What is the total number of shares repurchased by MIE since its inception?

Since its inception on March 26, 2013, MIE has repurchased a total of 964,850 shares.

Why is the share repurchase important for MIE shareholders?

The share repurchase program is designed to enhance shareholder value by reducing the number of outstanding shares.