Company: FOF
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049815
Chunk: 67

Company: Cohen & Steers Closed-End Opportunity Fund, Inc.
Filing Date: 2025-03-07
Form: N-CSR
Chunk 67
---
 with through governmental regulation or 
 legislation.                                                                                             |

In particular in relation to climate-related risk and opportunities material to its business, we expect
companies to help their investors understand how they may be impacted by such risk and opportunities, and how these factors are considered within strategy in a manner consistent with the company’s business model and sector. The principles
guiding our evaluation of these proposals are:

| • |     | The general factors listed above; |

| • |     | The transition and physical risks the company faces related to climate change on its operations and investment 
 in terms of the impact on its business and financial condition, including the company’s related disclosures;   |

| • |     | How the company identifies, measures and manages such risks; and |

| • |     | The company’s approach to climate-related risk as part of governance, strategy, risk management, and 
 metrics and targets.                                                                                 |

Social Proposals (SP).Cohen & Steers acknowledges that social considerations can
pose significant risks and opportunities. There, Cohen & Steers general votes in favor of proposals requesting a company disclose information that will aid in the determination of material social issues impacting the company and, where
material to its business, how the company is managing exposure to social risks related to these issues.

Cohen & Steers believes
board and workforce diversity are beneficial to the decision-making process and can enhance long-term profitability. Therefore, Cohen & Steers generally votes in favor of proposals that seek to increase board and workforce diversity
including, but not limited to, diversity of gender, ethnicity, race and background. Cohen & Steers votes all other social proposals on a case-by-case basis,
including, but not limited to, proposals related to political and charitable contributions, lobbying, and gender equality and the gender pay gap.

Miscellaneous Proposals

Bundled Proposals.Cohen & Steers reviews on a
case-by-case basis bundled or “conditioned” proposals. For items that are conditioned upon each other, Cohen & Steers examines the benefits and costs
of the bundled items. In instances where the combined effect of the conditioned items is not in shareholders’ best interests, Cohen & Steers votes against such proposals. If the combined effect is positive, Cohen & Steers
supports such proposals. In the case of bundled director proposals, Cohen & Steers will vote for the entire slate only if Cohen & Steers would have otherwise voted for each director on an individual basis.

Other Business. Cohen & Steers generally votes against proposals to approve