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

Rhea-AI Summary

On November 2, 2020, Cohen & Steers MLP Income and Energy Opportunity Fund (NYSE: MIE) reported the repurchase of 13,900 shares since the last update on October 1, 2020. This brings the total repurchased shares for the year to 604,976 and since inception to 758,638. The fund operates a buyback program allowing for up to 10% of its outstanding shares to be repurchased annually at management's discretion. Investors are encouraged to review the fund's investment objectives and risks before investment.

Positive

• Year-to-date share repurchases increased to 604,976, enhancing shareholder value.
• Total shares repurchased since inception reached 758,638, indicating strong commitment to return capital to shareholders.

Negative

• None.

NEW YORK, Nov. 2, 2020 /PRNewswire/ -- Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE: MIE; the "Fund") repurchased 13,900 outstanding common shares since the Fund's last repurchase update on October 1, 2020, bringing the year-to-date total repurchased to 604,976 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 October 30, 2020, and since inception are listed below.

Fund	NYSE Symbol	Shares Aquired Since Last Update October 1, 2020	Shares Acquired Year-to-Date October 30, 2020	Shares Acquired Since Inception March 26, 2013
Cohen & Steers MLP Income and Energy Opportunity Fund	MIE	13,900	604,976	758,638

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 occurred with MIE?

Cohen & Steers MLP Income and Energy Opportunity Fund repurchased 13,900 shares since October 1, 2020, totaling 604,976 shares for the year.

How many shares has the MIE fund repurchased since its inception?

Since its inception on March 26, 2013, the MIE fund has repurchased a total of 758,638 shares.

What is the maximum percentage of shares that MIE can repurchase in a year?

The Fund's share repurchase program allows for the repurchase of up to 10% of its outstanding shares during a calendar year.

What are the implications of the share repurchase for MIE investors?

The share repurchase may enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share.