Company: FOF
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049815
Chunk: 58

Company: Cohen & Steers Closed-End Opportunity Fund, Inc.
Filing Date: 2025-03-07
Form: N-CSR
Chunk 58
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 shares remaining for future grants, plus outstanding 
 unvested/unexercised grants; and                                                            |

| • |     | SVT based only on new shares requested plus shares remaining for future grants. |

| • |     | Plan Features: |

| • |     | Automatic single-trigger award vesting upon a CIC; |

| • |     | Discretionary vesting authority; |

| • |     | Liberal share recycling on various award types; and |

| • |     | Minimum vesting period for grants made under the plan. |

| • |     | Grant Practices: |

| • |     | The company’s three year burn rate relative to its industry/market cap peers; |

| • |     | Vesting requirements for most recent CEO equity grants (3-year 
 look-back);                                                    |

| • |     | The estimated duration of the plan based on the sum of shares remaining available and the new shares requested 
 divided by the average annual shares granted in the prior three years;                                         |

| • |     | The proportion of the CEO’s most recent equity grants/awards subject to performance conditions; |

| • |     | Whether the company maintains a claw-back policy; and |

| • |     | Whether the company has established post exercise/vesting shareholding requirements. |

Cohen & Steers generally votes against compensation plan proposals if the combination of factors indicates that the plan, overall is
not, in the interests of shareholders, or if any of the following apply:

| • |     | Awards may vest in connection with a liberal CIC; |

| • |     | The plan would permit re-pricing or cash buyout of underwater options 
 without shareholder approval;                                         |

| • |     | The plan is a vehicle for problematic pay practices or a pay-for-performance disconnect; or |

| • |     | Any other plan features that are determined to have a significant negative impact on shareholder interests. |

Equity Compensation Plans (non-U.S.). Cohen & Steers evaluates
these proposals on a case-by-case basis. Share option plans should be clearly explained and fully disclosed to both shareholders and participants and put to shareholders
for approval. Each director’s share options should be detailed, including exercise prices, expiration dates and the market price of the shares at the date of exercise. They should take into account appropriate levels of dilution. Options should
vest in reference to challenging performance criteria, which are disclosed in advance. Share options should be fully expensed so that shareholders can assess their true