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 sources for July 31, 2024, and cumulative distributions for the fiscal year-to-date. The Fund follows a managed distribution policy implemented in December 2021, aiming to deliver long-term total return through regular monthly distributions. For July 2024, the distribution includes 37.36% from net investment income and 62.64% from return of capital. Year-to-date, the Fund's distributions comprise 34.26% net investment income and 65.74% return of capital. The Fund's year-to-date cumulative total return is 12.37%, with a cumulative distribution rate of 5.25%. The Fund's five-year average annual total return is 6.35%, with a current annualized distribution rate of 8.99%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) ha annunciato le fonti di distribuzione per il 31 luglio 2024 e le distribuzioni cumulative per l'anno fiscale attuale. Il Fondo segue una politica di distribuzione gestita implementata a dicembre 2021, con l'obiettivo di fornire un ritorno totale a lungo termine attraverso distribuzioni regolari mensili. Per luglio 2024, la distribuzione include 37,36% da reddito da investimento netto e 62,64% da rimborso di capitale. Da inizio anno, le distribuzioni del Fondo comprendono 34,26% reddito da investimento netto e 65,74% rimborso di capitale. Il ritorno totale cumulativo del Fondo da inizio anno è 12,37%, con un tasso di distribuzione cumulativo del 5,25%. Il ritorno totale medio annuo del Fondo negli ultimi cinque anni è 6,35%, con un attuale tasso di distribuzione annualizzato del 8,99%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) ha anunciado sus fuentes de distribución para el 31 de julio de 2024 y las distribuciones acumulativas para el año fiscal actual. El Fondo sigue una política de distribución gestionada implementada en diciembre de 2021, con el objetivo de ofrecer un retorno total a largo plazo mediante distribuciones mensuales regulares. Para julio de 2024, la distribución incluye 37,36% de ingresos netos por inversiones y 62,64% de devolución de capital. Hasta la fecha, las distribuciones del Fondo comprenden 34,26% de ingresos netos por inversiones y 65,74% de devolución de capital. El retorno total acumulado del Fondo hasta la fecha es 12,37%, con una tasa de distribución acumulada de 5,25%. El retorno total promedio anual del Fondo en los últimos cinco años es 6,35%, con una tasa de distribución anualizada actual del 8,99%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF)는 2024년 7월 31일자 배포 출처와 회계 연도 누적 배당금을 발표했습니다. 이 펀드는 2021년 12월에 시행된 관리형 배당 정책을 따르며, 정기적인 월별 배당을 통해 장기 총 수익을 제공하는 것을 목표로 합니다. 2024년 7월의 배포는 37.36%는 순 투자 수익에서 발생하며 62.64%는 자본 환급에서 발생합니다. 현재까지 펀드의 배당금은 34.26% 순 투자 수익과 65.74% 자본 환급으로 구성됩니다. 펀드의 연초 누적 총 수익률은 12.37%이며, 누적 배당률은 5.25%입니다. 펀드의 5년 평균 연간 총 수익률은 6.35%이며, 현재 연환산 배당률은 8.99%입니다.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) a annoncé ses sources de distribution pour le 31 juillet 2024 et les distributions cumulées pour l'exercice en cours. Le Fonds suit une politique de distribution gérée mise en œuvre en décembre 2021, visant à fournir un rendement total à long terme grâce à des distributions mensuelles régulières. Pour juillet 2024, la distribution comprend 37,36% de revenus nets d'investissement et 62,64% de retour de capital. Depuis le début de l'année, les distributions du Fonds comprennent 34,26% de revenus nets d'investissement et 65,74% de retour de capital. Le rendement total cumulé du Fonds depuis le début de l'année est de 12,37%, avec un taux de distribution cumulé de 5,25%. Le rendement total moyen annuel du Fonds au cours des cinq dernières années est de 6,35%, avec un taux de distribution annualisé actuel de 8,99%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) hat seine Verteilungsquellen für den 31. Juli 2024 und die kumulierten Ausschüttungen für das laufende Geschäftsjahr bekannt gegeben. Der Fonds verfolgt eine verwaltete Ausschüttungspolitik, die im Dezember 2021 implementiert wurde, mit dem Ziel, eine langfristige Gesamtrendite durch regelmäßige monatliche Ausschüttungen zu erzielen. Für Juli 2024 umfasst die Ausschüttung 37,36% aus netto Investitionseinkommen und 62,64% aus Rückzahlung von Kapital. Bis heute setzen sich die Ausschüttungen des Fonds aus 34,26% netto Investitionseinkommen und 65,74% Rückzahlung von Kapital zusammen. Der kumulierte Gesamtertrag des Fonds seit Jahresbeginn beträgt 12,37%, mit einer kumulierten Ausschüttungsrate von 5,25%. Die durchschnittliche jährliche Gesamtrendite des Fonds in den letzten fünf Jahren beträgt 6,35%, bei einer aktuellen annualisierten Ausschüttungsrate von 8,99%.
- Year-to-date cumulative total return of 12.37%
- Current annualized distribution rate of 8.99%
- Five-year average annual total return of 6.35%
- 62.64% of current distribution is return of capital, not from earnings
- 65.74% of year-to-date distributions are return of capital
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 | July 2024 | YEAR-TO-DATE (YTD) July 31, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 37.36 % | 34.26 % | ||
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) | 62.64 % | 65.74 % | ||
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 June 30, 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 June 30, 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 June 30, 2024 | |
Year-to-date Cumulative Total Return1 | 12.37 % |
Cumulative Distribution Rate2 | 5.25 % |
Five-year period ending June 30, 2024 | |
Average Annual Total Return3 | 6.35 % |
Current Annualized Distribution Rate4 | 8.99 % |
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 July 31, 2024) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of June 30, 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 June 30, 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 June 30, 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
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.
View original content:https://www.prnewswire.com/news-releases/cohen--steers-closed-end-opportunity-fund-inc-fof-notification-of-sources-of-distribution-under-section-19a-302205954.html
SOURCE Cohen & Steers, Inc.
FAQ
What is the distribution breakdown for Cohen & Steers Closed-End Opportunity Fund (FOF) in July 2024?
What is the year-to-date cumulative total return for FOF as of June 30, 2024?
What is the current annualized distribution rate for FOF?
What is FOF's five-year average annual total return as of June 30, 2024?
