Cohen & Steers Fund Updates Distribution and Performance Insights
Cohen & Steers Closed-End Opportunity Fund Overview
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) provides its shareholders with crucial updates regarding its distribution sources. This information is vital for investors eager to understand how their investments are performing regarding distribution rates and cumulative payouts.
Managed Distribution Policy
Since December 2021, the Fund has adopted a managed distribution policy that allows for regular monthly payouts at a fixed rate per common share. This approach offers the Fund flexibility in realizing long-term capital gains throughout the year, benefiting shareholders with consistent income from their investments. However, it is important to note that changes to this policy may occur, which could impact the market value of the Fund's shares.
Distribution Components
The monthly distributions can come from various sources, such as long-term capital gains, short-term gains, net investment income, or return of capital. Importantly, distributions classified as return of capital indicate an excess of payments beyond net gains or income, affecting shareholders' tax basis but not triggering immediate tax liabilities.
Future Distribution Notifications
For each distribution, shareholders will receive detailed information through notice letters and updates on the fund's official website. While estimates about these distributions can be provided, final tax characteristics will be confirmed by the Form 1099-DIV, which is distributed after the fiscal year concludes.
Current Distribution Estimates
Insights into the Fund's estimates reveal that the projected distributions for September include the components outlined below, all presented on a per-share basis:
Source | Per Share Amount | % of Current Distribution |
---|---|---|
Net Investment Income | $0.0367 | 42.18% |
Return of Capital | $0.0503 | 57.82% |
Total Current Distribution | $0.0870 | 100.00% |
Fund Performance Metrics
Understanding the performance metrics of the Fund is essential for investors. The Year-to-Date Cumulative Total Return for the fiscal year reveals significant growth metrics:
Metric | Value |
---|---|
Year-to-date Cumulative Total Return | 18.23% |
Cumulative Distribution Rate | 6.50% |
For a broader perspective, considering the Average Annual Total Return over the five-year period ending provides additional context:
Metric | Value |
---|---|
Average Annual Total Return | 7.49% |
Current Annualized Distribution Rate | 8.67% |
Understanding Distribution Sources
The distinctions among the different types of income paid out as distributions are significant. Each route through which income is generated may present different risks and impacts on shareholder returns.
Investment Considerations
Before proceeding with any investment in the Fund, it is important for investors to evaluate their risk tolerance and investment objectives thoroughly. The Fund provides periodic reports and regulatory filings that can be accessed through a financial advisor or directly from the Fund’s official website. Reading these reports can significantly inform an investor’s decision-making process.
Frequently Asked Questions
What is Cohen & Steers Closed-End Opportunity Fund?
It is an investment fund focused on generating returns through various assets, particularly in real estate and alternative income.
What are monthly distributions from the Fund based on?
Distributions derive from net investment income, capital gains, and potential returns of capital.
How often are distribution updates provided?
The Fund updates its shareholders with distribution information monthly through notices and online postings.
What is the Fund’s current average annual total return?
The current average annual total return is reported at 7.49% based on performance metrics over five years.
Where can I find more information about the Fund?
Investors can access more information from the Fund's website, its financial advisories, and public regulatory filings.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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