Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)

Core Viewpoint - The press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. with details regarding the distribution to be paid on July 31, 2025, and cumulative distributions for the fiscal year to date [1] Distribution Policy - The Fund has a managed distribution policy implemented in December 2021, aiming to deliver long-term total return potential through regular monthly distributions at a fixed rate per common share [2] - This policy allows the Fund to realize long-term capital gains throughout the year and distribute them regularly, although it can be amended or terminated by the Board of Directors [2] Distribution Sources - 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 [3] - Return of capital reduces a shareholder's tax basis in their shares and is not taxable [3] Distribution Estimates - For July 2025, the estimated distribution per share is $0.0870, with the following breakdown: - Net Investment Income: $0.0264 (30.34%) - Net Realized Short-Term Capital Gains: $0.0070 (8.05%) - Net Realized Long-Term Capital Gains: $0.0536 (61.61%) - Return of Capital: $0.0000 (0.00%) [6] - Year-to-date cumulative distributions for 2025 total $0.6090 per share [6] Fund Performance - The Fund's Year-to-date Cumulative Total Return for fiscal year 2025 (January 1, 2025, to June 30, 2025) is 8.33% [9] - The Cumulative Distribution Rate for the same period is 4.90% [9] - The Average Annual Total Return for the five-year period ending June 30, 2025, is 11.79%, with a Current Annualized Distribution Rate of 8.41% [10]