Company: FOF
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049815
Chunk: 61

Company: Cohen & Steers Closed-End Opportunity Fund, Inc.
Filing Date: 2025-03-07
Form: N-CSR
Chunk 61
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 Cohen & Steers votes against the adoption of a dual or multiple class capitalization structure. Cohen & Steers supports the one-share, one-vote principle for voting.

Restructurings/Recapitalizations. Cohen & Steers reviews proposals to increase common and/or preferred shares and to issue
shares as part of a debt restructuring plan on a case-by-case basis. In voting, Cohen & Steers considers the following:

| • |     | Dilution: how much will the ownership interest of existing shareholders be reduced, and how extreme will 
 dilution to any future earnings be?                                                                      |

| • |     | Change in control: will the transaction result in a change in control of the company? |

| • |     | Bankruptcy: generally approve proposals that facilitate debt restructurings unless there are clear signs of 
 self-dealing or other abuses.                                                                               |

Share Repurchase Programs. Cohen & Steers generally votes in favor of
such programs where the repurchase would be in the long-term best interests of shareholders and where we believe that this is a good use of the company’s cash.

Cohen & Steers will vote against such programs when shareholders’ interests could be better served by deployment of the cash for
alternative uses, or where the repurchase is a defensive maneuver or an attempt to entrench management.

Targeted Share Placements (SP). Cohen & Steers votes these proposals on a case-by-case basis. These proposals ask companies to seek shareholder approval before placing 10% or more of
their voting stock with a single investor. The proposals are typically in reaction to the placement of a large block of voting stock in an employee stock option plan, parent capital fund or with a single friendly investor, with the aim of protecting
the company against a hostile tender offer.

Shareholder Rights Plans.Cohen & Steers reviews proposals to ratify
shareholder rights plans on a case-by-case basis taking into consideration the length of the plan.

Shareholder Rights Plans (JAPAN).Cohen & Steers reviews proposals on a case-by-case basis examining not only the features of the plan itself but also factors including share price movements, shareholder composition, board composition, and the company’s announced plans to
improve shareholder value.

Reincorporation Proposals. Proposals to change a company’s jurisdiction of incorporation are
examined on a case-by-case basis. When evaluating such proposals, Cohen & Steers reviews management’s rationale for the proposal, changes to the
charter/bylaws, and