Cohen & Steers(US:CNS) Benzinga·2025-09-29 21:52Core Viewpoint - The press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. with details regarding the distribution to be paid on September 30, 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 suspended 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 September 2025, the estimated distribution per share is $0.0870, with the following breakdown: - Net Investment Income: $0.0069 (7.93%) - Net Realized Short-Term Capital Gains: $0.0000 (0.00%) - Net Realized Long-Term Capital Gains: $0.0299 (34.37%) - Return of Capital: $0.0502 (57.70%) [7] Year-to-Date Performance - The Fund's Year-to-Date Cumulative Total Return for fiscal year 2025 (January 1, 2025, through August 31, 2025) is 11.87%, with a Cumulative Distribution Rate of 6.19% [10] - The Average Annual Total Return for the five-year period ending August 31, 2025, is 10.65%, with a Current Annualized Distribution Rate of 8.25% [11] Tax Reporting - Final tax characteristics of the Fund's distributions will be provided on Form 1099-DIV after the close of the calendar year [4][8] - Shareholders should not use the information provided for tax return preparation, as they will receive a Form 1099-DIV indicating how to report distributions for federal income tax purposes [12] Company Overview - 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, and commodities [13]