Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc. is a diversified, closed-end management investment company. It has an objective of achieving total return consisting of high current income and potential capital appreciation through investments in the common stock of closed-end management investment companies that invest in equity or income-producing securities. The company was founded on September 14, 2006 and is headquartered in New York, NY.

Cohen & Steers

NEW YORK , March 28, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the "Fund") with information regarding the sources of the distribution to be paid on March 28, 2024 and cumulative distributions paid fiscal year-to-date. In December 2021, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)

Cohen & Steers Closed-End Opportunity Fund provides investors with a high level of income through its investments in other closed-end funds.

FOF: Appears To Be Making Some Smart Moves, But Investors Pay A High Price

Saba Closed-End Funds ETF

Cohen & Steers Closed-End Opportunity Fund takes a fund of closed-end funds approach, offering significant diversification. FOF is currently trading at a fairly elevated premium, which is unusual in looking at its history and indicates it is overvalued. Saba Closed-End Funds ETF could be a potential alternative for investors, as shares can be picked up at NAV while waiting for a better entry level for FOF.

FOF Is Richly Priced, CEFS Could Be An Alternative

Cohen & Steers Closed-End Opportunity Fund allows investors to easily assemble a portfolio consisting of other closed-end funds. The FOF closed-end fund has underperformed a similar exchange-traded fund recently, which could partly be due to a narrowing price premium. The FOF fund offers a high yield of 10.31% but may face challenges in covering its distribution if unrealized gains have been eroded.

FOF: Narrowing Premium Helps, But Distribution Could Be Under Pressure

The rapidly rising cost of living in the U.S. due to inflation is putting financial pressure on many Americans. Investors can earn income by purchasing shares of closed-end funds specializing in income generation. The Cohen & Steers Closed-End Opportunity Fund currently yields an attractive 9.50% and invests in a combination of common stocks and fixed-income assets.

FOF: Attractive 9.50% Yield, But Don't Buy It At The Current Premium

FOF: This Attractive CEF Has Nice Features, But Is Substantially Overpriced

FOF takes an approach of investing in other funds, primarily closed-end funds but also exchange-traded funds, too. This makes it a one-stop shop for instant and broad diversification across a diverse pool of different asset classes, sectors and industries.

FOF: An Interesting Fund Of Funds Approach

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Science & Technology

BlackRock Utilities Infrastructure & Power Opportunities Trust

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

DoubleLine Income Solutions Fund

Stone Harbor Emerging Markets Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

First Trust / Aberdeen Emerging Opportunity Fund

Gabelli Multimedia Trust

Gabelli Utility Trust

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen California Select Tax-Free Income Portfolio

Pimco California Municipal Income Fund II

PCM Fund

PIMCO Corporate & Income Strategy Fund

Pimco California Municipal Income Fund

Pimco Municipal Income Fund

Pimco Municipal Income Fund II

21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.

Weekly Closed-End Fund Roundup: January 8, 2023

The FOF fund uses a fund-of-funds approach to invest in CEFs. It pays $0.087 / month or an 8.8% market yield.

FOF: Fund-Of-Funds Approach To CEFs But Unsustainable Yield

The current economy and outlook. Potential solutions a diversified portfolio of closed-end funds brings in a challenging market environment. Unique opportunities of Cohen&Steers Closed-End Opportunity Fund.

CEF Insights: Cohen&Steers, Building A Diversified Portfolio Of CEFs

FOF is a fairly popular CEF that invests in other closed-end and exchange-traded funds. This provides for plenty of diversification through exposure to just about everything investible.

FOF: An Elevated Valuation From This Otherwise Interesting Fund

AGNC Investment

Ares Capital

Broadmark Realty Capital Inc.

Intel

Altria

Medical Properties Trust

New York Community Bancorp

Omega Healthcare Investors

PIMCO Corporate & Income Opportunity Fund

Global X NASDAQ 100 Covered Call ETF

Global X Russell 2000 Covered Call ETF

Simon Property Group

Starwood Property

Verizon

Exxon Mobil

After 66 weeks and $6,700 allocated, the Dividend Harvesting portfolio is generating $472.58 in annual dividend income. The Dividend Harvesting portfolio has a 97.01% record of finishing the week in the black since its inception, 65/67 weeks.

Dividend Harvesting Week 67 Update: $6,700 Allocated, $472.58 In Annual Dividends Yielding 7.02% Across 74 Positions

FOF is a CEF that primarily holds other CEFs and trades at a 9% current yield. In this article we discuss some of the mechanics of the fund and address some of the misconceptions we keep seeing about it.

FOF: Highlighting Some Misconceptions About This 9%-Yielding Hybrid CEF

Cohen & Steers Closed-End Opportunity Fund provides sort of an "Instant Income Factory" for those looking to put money to work quickly. Its distribution has been rock solid for the past 10 years; on the other hand, we don't look for it to increase either.

FOF Now Yielding 9.6% With Discounts On Discounts (Like 'Double Coupons')

NEW YORK, Dec. 23, 2021 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the "Fund") with information regarding the sources of the distribution to be paid on December 31, 2021 and cumulative distributions paid fiscal year-to-date. The Board of Directors of the Cohen & Steers Closed-End Opportunity Fund, Inc. has announced that the Fund has implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Announces the Implementation of a Managed Distribution Policy

FOF is an attractive fund of funds approach, though we should be patient at its current price. If you are holding for diversification and collecting that steady distribution, it seems fine to continue to keep holding, in my opinion.

FOF: A One-Stop Shop Closed-End Fund

Apple

AbbVie

Abbott Labs

BlackRock

Amplify CWP Dividend & Option Income ETF

Domino's Pizza

Home Depot

JPMorgan Chase & Co

Mastercard

Medtronic

Global X MLP ETF

Microsoft

NIKE

Realty Income Corp

Pacer Metaurus US Large Cap Target Dividend 400 ETF

Invesco NASDAQ Next Gen 100 ETF

Invesco Nasdaq 100 ETF

iShares Mortgage Real Estate ETF

Starbucks

Schwab US Dividend Equity ETF

Schwab Strategic Trust-Schwab International Dividend Equity ETF

Global X MSCI SuperDividend Emerging Markets ETF

Global X Superdividend ETF

The portfolio generated $1,067 in dividends during the month, an improvement over August. YTD, I've received $12,700. I closed out my positions in REM, DIS, MLPA, and SPYD.

My Dividend Growth Portfolio November Update: 27 Holdings, 7 Buys, 4 Sells

Several readers and subscribers asked for my thoughts on FOF. FOF is an actively-managed CEF fund of funds, investing in a wide variety of CEFs.

FOF: Good CEF Fund Of Funds, But Not A Buy At These Levels

Closed-end funds may be the ideal asset for income-focused investors due to their diversity and high yields. FOF invests in a portfolio of closed-end funds, giving investors a way to assemble a portfolio of these assets very easily.

FOF: Interesting Strategy But An Overpriced 7% Yield

Disney

Global X SuperDividend US ETF

Corning

Xtrackers USD High Yield Corporate Bond ETF

iShares International Select Dividend ETF

Global X U.S. Preferred ETF

My Dividend Growth Portfolio July Update: $500K Across 32 Holdings, 3 Buys, And 2 Sells

Prudential Financial

The portfolio provided $776 in dividend income during May. However, that amount was 15% lower than a year ago. I added shares to several existing holdings; ABT, DIS, WCLD, VPN, MSFT, AAPL, NKE, and O. I also added QQQM to the portfolio for a growth boost.

My Dividend Growth Portfolio May Update: 35 Holdings And 9 Buys

FOF has a 7.4% yield. Attractive if the distribution is well supported. I continue my series where I look at CEFs beyond the yield.

Evaluating CEFs: FOF - Extra Level Of Fees Drags On Performance

Baker Hughes Co

Citizens Financial Group

Chevron

Devon Energy

Dynex Capital

Edison

Enterprise Products Partners

Gladstone Capital

LTC Properties

LyondellBasell Industries

Main Street Capital

Marathon Petroleum

NiSource

ONEOK

Prospect Capital

Phillips 66

STAG Industrial

AT&T

AT&T 5.35 % Notes 2017-01.11.66 Global

Tortoise Essential Assets Income Term Fund

Valero Energy

October-December Kiplinger Today published four articles: 11 Best Monthly Dividend[s], 21 Best Stocks, 11 Dividend Growth Stocks, and 25 Dividend Stocks Analysts Love. Stocks therein I called "Kiplinger Top Stocks For 2021." Then, in March, Barron's Weekly published Retire on Dividends listing 10 to start. All told, five Kip/Bar articles listed 78 stocks. Three duplicates left 75, with 66 paying dividends.

Kiplinger And Barron's 75 Top Stocks For 2021 Show 17 As May Flies

With this article, I open a series on building a sustainable retirement-income portfolio. The goal is high income, in the 7% to 8% range, with capital preservation.

FOF: Building A Sustainable Income Portfolio

ConocoPhillips

Entergy

Fifth Third Bancorp

Williams

October-December KiplingerToday published four articles: 11 Best Monthly Dividend[s].for 2021; 21 Best Stocks To Buy.; 11 Dividend Growth Stocks; 25 Dividend Stocks Analysts Love. These I called Kiplinger Top-Stocks for2021. These 68 stocks included two duplicates (tinted yellow) leaving 66. Of those, 57 paid dividends and, per the Dogcatcher dividend return rule, 20 are now ripe to buy.

2021 Kiplinger Top Stocks Include 57 Paying Dividends And 20 Priced To Buy

News for Cohen & Steers Closed-End Opportunity Fund ETF (FOF)