Company: FOF
Filing Date: 2025-09-05
Form Type: N-CSRS
Source: 0001193125-25-196847
Chunk: 11

Company: Cohen & Steers Closed-End Opportunity Fund, Inc.
Filing Date: 2025-09-05
Form: N-CSRS
Chunk 11
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 distributed to shareholders at least annually. Dividends and distributions to shareholders are recorded on the ex-dividenddate and are automatically reinvested in full and fractional shares of the Fund in accordance with the Fund’s dividend reinvestment plan, unless the shareholder has elected to have them paid in cash.

The Fund has a managed distribution policy in accordance with exemptive relief issued by the U.S. Securities and Exchange Commission (SEC). The Plan gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a more regular basis to shareholders. Therefore, regular monthly distributions throughout the year may include a portion of estimated realized long-term capital gains, along with net investment income, short-term capital gains and return of capital, which is not taxable. In accordance with the Plan, the Fund is required to adhere to certain conditions in order to distribute long-term capital gains during the year.

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Cohen & Steers Closed-EndOpportunity Fund, Inc. NOTES TO FINANCIAL STATEMENTS (Unaudited)—(Continued) Dividends from net investment income are subject to recharacterization for tax purposes. Based upon the results of operations for the six months ended June 30, 2025 the investment manager considers it likely that a portion of the dividends will be reclassified to distributions from net realized gain upon the final determination of the Fund’s taxable income after December 31, 2025, the Fund’s fiscal year end. Distributions Subsequent to June 30, 2025:The following distributions have been declared by the Fund’s Board of Directors and are payable subsequent to the period end of this report.

| Ex-Date/    
 Record Date |     | Payable Date |     | Amount |
| 7/15/25     |     | 7/31/25      |     | $0.087 |
| 8/12/25     |     | 8/29/25      |     | $0.087 |
| 9/9/25      |     | 9/30/25      |     | $0.087 |

Income Taxes:It is the policy of the Fund to continue to qualify as a regulated investment company (RIC), if such qualification is in the best interest of the shareholders, by complying with the requirements of Subchapter M of the Internal Revenue Code applicable to RICs, and by distributing substantially all of its taxable earnings to its shareholders. Also, in order to avoid the payment of any federal excise taxes,