Company: FOF
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049815
Chunk: 16

Company: Cohen & Steers Closed-End Opportunity Fund, Inc.
Filing Date: 2025-03-07
Form: N-CSR
Chunk 16
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 28,680,922 |

22

C OHEN& S TEERSC LOSED-E NDO PPORTUNITYF UND, I NC.

NOTES TO FINANCIAL STATEMENTS—(Continued)

As of December 31, 2024, the tax-basiscomponents of accumulated earnings, the federal tax cost and net unrealized appreciation (depreciation) in value of investments held were as follows:

| Cost of investments in securities for federal income tax purposes |     | $ | 291,309,421 |   |
| Gross unrealized appreciation on investments                      |     | $ |  48,579,296 |   |
| Gross unrealized depreciation on investments                      |     |   |  (9,634,325 | ) |
| Net unrealized appreciation (depreciation) on investments         |     | $ |  38,944,971 |   |

During the year ended December 31, 2024, the Fund utilized net capital loss carryforwards of $12,680,464.

As of December 31, 2024, the Fund had temporary book/tax differences primarily attributable to wash sales on portfolio securities and permanent book/tax differences primarily attributable to prior year adjustments. To reflect reclassifications arising from the permanent differences, paid-incapital was charged $474,081 and total distributable earnings/(accumulated loss) was credited $474,081. Net assets were not affected by this reclassification.

Note 5. Capital Stock

The Fund is authorized to issue 100 million shares of common stock at a par value of $0.001 per share.

During the year ended December 31, 2024, the Fund issued 120,338 shares of common stock at $1,409,254 for the reinvestment of dividends. During the year ended December 31, 2023, the Fund issued 113,697 shares of common stock at $1,210,443 for the reinvestment of dividends.

On December 12, 2023, the Board of Directors approved the continuation of the delegation of its authority to management to effect repurchases, pursuant to management’s discretion and subject to market conditions and investment considerations, of up to 10% of the Fund’s common shares outstanding as of January 01, 2024 through December 31, 2024.

On December 10, 2024, the Board of Directors approved the continuation of the Share Repurchase Program of up to 10% of the