The Cohen & Steers Infrastructure Fund, Inc. (UTF) is a special kind of investment fund that sends money to people who invest in it every month. They do this because they want to help people get more money from their investments. The money that people get from this fund can come from different things like making money from investments, selling investments that have gone up in value, or even returning some of the money they got from people when they first invested. The fund doesn't know what it will make money from in the future, so they just send the same amount of money every month to help people plan their spending. Read from source...
The article on Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a) appears to be a press release written to inform shareholders of the sources of distribution for the fund. However, there are a few points that could potentially cause confusion or misinterpretation. The managed distribution policy implemented by the fund is described as a strategy to deliver the fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. This policy aims to provide greater flexibility to realize long-term capital gains throughout the year and distribute those gains on a regular monthly basis to shareholders. However, it should be noted that the board of directors has the power to amend, terminate, or suspend this policy at any time, which could have an adverse effect on the market price of the fund's shares.
The distribution estimates presented in the article show the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from various sources. It should be clarified that these estimates are subject to change over time and are not provided for tax reporting purposes. Shareholders will receive a Form 1099-DIV for the calendar year, indicating how to report the fund's distributions for federal income tax purposes.
Lastly, the article includes information on the fund's year-to-date cumulative total return and average annual total return for the five-year period ending June 30, 2024. However, shareholders should note that the value of their individual investment in the fund is determined by the fund's market price, which is based on the supply and demand for the fund's shares in the open market, and not solely by the NAV performance. Overall, the article provides useful information for shareholders of the Cohen & Steers Infrastructure Fund, but it should be read in conjunction with other relevant documents and regulatory filings for a comprehensive understanding of the fund's performance and distribution policy.
The Cohen & Steers Infrastructure Fund (UTF) has implemented a managed distribution policy in March 2015, seeking to deliver the fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy allows the fund to realize long-term capital gains throughout the year and distribute those gains regularly to shareholders. The Board of Directors may amend, terminate, or suspend the managed distribution policy at any time, which could adversely affect the market price of the fund's shares.
The fund's 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. Return of capital includes distributions paid by the fund in excess of its net investment income and net realized capital gains and such excess is distributed from the fund's assets. A return of capital is not taxable, reducing a shareholder's tax basis in his or her shares of the fund.
At the time of each monthly distribution, information will be posted on cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the fund before investing. The fund's most recent periodic reports, when available, and other regulatory filings can be obtained by contacting a financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. Investors should read these reports and other filings carefully before investing.
The actual amounts and sources of distributions reported in this notice are only estimates and are likely to change over time and are not being provided for tax reporting purposes. The amounts and sources of the amounts for accounting and tax reporting purposes will depend on the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.