Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) has announced its November 2024 distribution details under its managed distribution policy. The current distribution of $0.0870 per share consists of 43.10% ($0.0375) from net investment income and 56.90% ($0.0495) from return of capital. Year-to-date, the Fund has distributed $0.9570 per share, with 36.32% from net investment income and 63.68% from return of capital. The Fund's performance metrics show a year-to-date total return of 20.01% and a five-year average annual return of 7.26%. The current annualized distribution rate stands at 8.66%.
Il Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) ha annunciato i dettagli della distribuzione di novembre 2024 secondo la sua politica di distribuzione gestita. L'attuale distribuzione di $0.0870 per azione è composta da 43.10% ($0.0375) proveniente da reddito da investimenti netti e 56.90% ($0.0495) da restituzione di capitale. Dall'inizio dell'anno, il Fondo ha distribuito $0.9570 per azione, con il 36.32% proveniente da reddito da investimenti netti e il 63.68% da restituzione di capitale. Le metriche di performance del Fondo mostrano un rendimento totale dall'inizio dell'anno del 20.01% e un rendimento medio annuo su cinque anni del 7.26%. L'attuale tasso di distribuzione annualizzato è del 8.66%.
El Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) ha anunciado los detalles de su distribución de noviembre de 2024 bajo su política de distribución gestionada. La distribución actual de $0.0870 por acción consiste en 43.10% ($0.0375) de ingresos netos por inversiones y 56.90% ($0.0495) de devolución de capital. Hasta la fecha, el Fondo ha distribuido $0.9570 por acción, con un 36.32% de ingresos netos por inversiones y un 63.68% de devolución de capital. Las métricas de rendimiento del Fondo muestran un rendimiento total desde el inicio del año del 20.01% y un rendimiento anual promedio de cinco años del 7.26%. La tasa de distribución anualizada actual es del 8.66%.
코헨 앤 스티어스 폐쇄형 기회 펀드(NYSE: FOF)는 관리 배당금 정책에 따라 2024년 11월 배당 세부 사항을 발표했습니다. 현재 1주당 배당금은 43.10% ($0.0375)가 순투자 소득에서 56.90% ($0.0495)가 자본 반환에서 나오는 $0.0870입니다. 올해부터 현재까지 펀드는 1주당 $0.9570을 배포했으며, 이 중 36.32%는 순투자 소득에서, 63.68%는 자본 반환에서 나왔습니다. 펀드의 성과 지표는 올해 누적 총 수익률이 20.01% 5년 평균 연 수익률이 7.26%임을 보여줍니다. 현재 연환산 배당률은 8.66%입니다.
Le Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) a annoncé les détails de sa distribution de novembre 2024 dans le cadre de sa politique de distribution gérée. La distribution actuelle de $0.0870 par action se compose de 43,10% ($0.0375) de revenus nets d'investissement et de 56,90% ($0.0495) de retour de capital. Depuis le début de l'année, le Fonds a distribué $0.9570 par action, avec 36,32% de revenus nets d'investissement et 63,68% de retour de capital. Les indicateurs de performance du Fonds montrent un rendement total depuis le début de l'année de 20,01% et un rendement annuel moyen sur cinq ans de 7,26%. Le taux de distribution annualisé actuel est de 8,66%.
Der Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) hat die Einzelheiten der Ausschüttung im November 2024 im Rahmen seiner verwalteten Ausschüttungspolitik bekannt gegeben. Die aktuelle Ausschüttung von $0.0870 pro Aktie setzt sich aus 43,10% ($0.0375) aus netto Investitionseinkommen und 56,90% ($0.0495) aus Rückzahlung von Kapital zusammen. Seit Jahresbeginn hat der Fonds $0.9570 pro Aktie ausgeschüttet, wobei 36,32% aus netto Investitionseinkommen und 63,68% aus Rückzahlung von Kapital stammt. Die Leistungskennzahlen des Fonds zeigen eine Jahresgesamtverzinsung von 20,01% und eine fünfjährige durchschnittliche Jahresrendite von 7,26%. Der aktuelle annualisierte Ausschüttungszinssatz liegt bei 8,66%.
- Year-to-date total return of 20.01%
- Strong current annualized distribution rate of 8.66%
- Five-year average annual return of 7.26%
- 56.90% of current distribution represents return of capital rather than earned income
- 63.68% of year-to-date distributions come from return of capital
- No realized capital gains in distributions for the current period
Insights
The fund's distribution details reveal important financial metrics. The
The high proportion of return of capital in distributions (
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 | November 2024 | YEAR-TO-DATE (YTD) November 30, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 43.10 % | 36.32 % | ||
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) | 56.90 % | 63.68 % | ||
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 October 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 October 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 October 31, 2024 | |
Year-to-date Cumulative Total Return1 | 20.01 % |
Cumulative Distribution Rate2 | 7.94 % |
Five-year period ending October 31, 2024 | |
Average Annual Total Return3 | 7.26 % |
Current Annualized Distribution Rate4 | 8.66 % |
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 November 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 October 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 October 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 October 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
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.
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