Welcome to our dedicated page for Cohen & Steers Closed End Opportunity Fund news (Ticker: FOF), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers Closed End Opportunity Fund stock.
Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) is a diversified, closed-ended management investment company with a primary objective of achieving a total return, which includes high current income and potential capital appreciation for its shareholders. Established as part of the reputable Cohen & Steers, a global investment manager specializing in liquid real assets, FOF invests in various securities to meet its financial targets.
The Fund's investment strategy places a strong emphasis on a managed distribution policy, which was implemented in December 2021. This policy allows the Fund to deliver its long-term total return potential through regular monthly distributions declared at a fixed rate per common share. Such a strategy provides flexibility to realize long-term capital gains throughout the year and distribute these gains regularly. However, the policy can be amended, terminated, or suspended by the Fund's Board of Directors, which could impact the market price of the Fund's shares.
FOF's monthly distributions may comprise long-term capital gains, short-term capital gains, net investment income, and/or return of capital for federal tax purposes. These distributions offer shareholders insight into the Fund's performance, although the final tax characteristics of the distributions are determined post-calendar year-end and reported via Form 1099-DIV.
The Fund's performance metrics include its Year-to-date Cumulative Total Return and Average Annual Total Return over a five-year period. These figures are based on FOF's Net Asset Value per share (NAV), which represents the total market value of all securities and other assets held by the Fund, minus total liabilities, divided by the total number of shares outstanding. However, a shareholder's individual investment value is determined by the Fund's market price, based on the supply and demand for FOF's shares in the open market.
Investors are encouraged to consider the Fund's investment objectives, risks, charges, and expenses carefully before investing. Periodic reports and regulatory filings are available for review to provide comprehensive insights into the Fund's performance and operations. As part of Cohen & Steers, FOF benefits from the firm's extensive expertise, established in 1986, with a global presence in cities such as New York, London, Hong Kong, Tokyo, and Seattle.
FAQ
What is the current stock price of Cohen & Steers Closed End Opportunity Fund (FOF)?
What is the market cap of Cohen & Steers Closed End Opportunity Fund (FOF)?
What is the primary objective of Cohen & Steers Closed-End Opportunity Fund (FOF)?
What is the managed distribution policy implemented by FOF?
What types of distributions does FOF provide?
How is the Net Asset Value (NAV) of FOF calculated?
Can the managed distribution policy of FOF be changed?
What should shareholders consider before investing in FOF?
Where can shareholders find detailed reports and filings for FOF?
What impact do the managed distributions have on FOF's market price?
What is the significance of the Year-to-date Cumulative Total Return?
What information will shareholders receive on Form 1099-DIV?
