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.
The Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) announced details about the distribution payments to shareholders, scheduled for March 31, 2023. The Fund's managed distribution policy, implemented in December 2021, allows for regular monthly payments to enhance long-term returns. The current distribution is set at $0.0870 per share, which comprises net investment income and return of capital. Year-to-date cumulative total return is reported at 4.25%, with a cumulative distribution rate of 2.39%. Shareholders should note that a portion of the distribution may be a return of capital, which impacts tax basis rather than taxable income.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced details regarding the distribution to shareholders on February 28, 2023. Following a managed distribution policy initiated in December 2021, the Fund aims to provide consistent monthly distributions at a fixed rate. The February distribution includes $0.0870 per share, with 39.89% sourced from net investment income and 60.11% as a return of capital. Year-to-date returns show a cumulative total return of 7.50% against a distribution rate of 1.54%. While the policy allows flexibility in capital gains distributions, changes to it could impact share prices. Shareholders will receive a Form 1099-DIV for tax reporting.
This press release informs shareholders of Cohen & Steers Closed-End Opportunity Fund, FOF, about the distribution sources for payments on January 31, 2023, and cumulative distributions for the fiscal year. The Fund's managed distribution policy, initiated in December 2021, aims to provide long-term total return through monthly distributions, though it may be amended or suspended by the Board of Directors, which could affect share prices. The current monthly distribution is $0.0870, with a portion potentially classified as return of capital, reducing investors' tax basis. Year-to-date cumulative total return for 2022 is reported at -18.08%.
The press release from Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announces the upcoming distribution on November 30, 2022, and cumulative distributions year-to-date. The Fund has implemented a managed distribution policy since December 2021 aimed at delivering long-term total returns via regular monthly payments. The distribution may include net investment income, capital gains, and return of capital which reduces a shareholder's tax basis. The Fund's Year-to-date Cumulative Total Return for 2022 is reported at -19.83%, with a Cumulative Distribution Rate of 9.06%. Final tax characteristics will be disclosed via Form 1099-DIV.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced the distribution sources for shareholders, to be paid on October 31, 2022. The Fund has adopted a managed distribution policy to enhance its long-term returns through regular monthly distributions. The current distribution includes components like net investment income and return of capital, totaling $0.0870 per share. However, it is noted that this distribution may reflect a return of capital, which reduces shareholders' tax basis. Year-to-date cumulative total return is reported at -23.50%, with a cumulative distribution rate of 7.71%.
The press release from Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) details the distribution sources for payments scheduled on September 30, 2022. Following a managed distribution policy initiated in December 2021, the Fund aims to provide steady monthly distributions. For September 2022, the total distribution per share is estimated at $0.0870, with net investment income making up 48.62% of this amount. However, a portion may be a return of capital, which could impact shareholders' tax obligations. The Fund's year-to-date cumulative total return is -15.28%, while the cumulative distribution rate is 6.90%.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced its distribution sources for August 31, 2022. The Fund follows a managed distribution policy to provide regular payments to shareholders, allowing for flexibility in capital gains realization. The total current distribution for August is $0.0870 per share, with net investment income contributing $0.0402 (46.21%). Year-to-date, the Fund has yielded a cumulative total return of -12.96% and a cumulative distribution rate of 5.92%. The Board may amend this policy, potentially affecting share prices.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced the distribution sources for its July 2022 payment, amounting to $0.0870 per share. The fund has employed a managed distribution policy since December 2021, aiming for regular monthly payouts. The current distribution consists of net investment income, long-term capital gains, and return of capital, with 55.75% attributed to return of capital. The year-to-date cumulative total return is reported at -18.67%. The average annual total return for the past five years is 3.99%. Shareholders should consult Form 1099-DIV for tax purposes.
This press release informs shareholders of Cohen & Steers Closed-End Opportunity Fund (FOF) about the distribution payment scheduled for June 30, 2022. The Fund has adopted a managed distribution policy, enabling regular monthly distributions aimed at maximizing long-term returns. The current monthly distribution is $0.0870 per share, which consists of net investment income, long-term capital gains, and return of capital. Year-to-date, the Fund has a cumulative distribution rate of 4.34%, with a YTD total return of -12.31%. Final tax characteristics will be reported on Form 1099-DIV.
FAQ
What is the current stock price of Cohen & Steers Closed End Opportunity Fund (FOF)?
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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?
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What information will shareholders receive on Form 1099-DIV?
