Cohen & Steers Closed-Finish Alternative Fund, Inc. (FOF) Notification of Sources of Distribution Beneath Part 19(a)

NEW YORK, Jan. 30, 2023 /PRNewswire/ — This press launch supplies shareholders of Cohen & Steers Closed-Finish Alternative Fund, Inc. (NYSE: FOF) (the “Fund”) with data concerning the sources of the distribution to be paid on January 31, 2023 and cumulative distributions paid fiscal year-to-date.

In December 2021, the Fund applied a managed distribution coverage in accordance with exemptive reduction issued by the Securities and Change Fee. The managed distribution coverage seeks to ship the Fund’s long-term complete return potential by way of common month-to-month distributions declared at a set charge per frequent share. The coverage offers the Fund better flexibility to understand long-term capital features all year long and to distribute these features on an everyday month-to-month foundation to shareholders. The Board of Administrators of the Fund could amend, terminate or droop the managed distribution coverage at any time, which may have an opposed impact available on the market value of the Fund’s shares.

The Fund’s month-to-month distributions could embrace long-term capital features, short-term capital features, internet funding revenue and/or return of capital for federal revenue tax functions. Return of capital contains distributions paid by the Fund in extra of its internet funding revenue and internet realized capital features and such extra is distributed from the Fund’s property. A return of capital just isn’t taxable; somewhat, it reduces a shareholder’s tax foundation in his or her shares of the Fund. The quantity of month-to-month distributions could fluctuate relying on plenty of components, together with modifications in portfolio and market situations.

On the time of every month-to-month distribution, data can be posted to cohenandsteers.com and mailed to shareholders in a concurrent discover. Nevertheless, this data could change on the finish of the 12 months as a result of the ultimate tax traits of the Fund’s distributions can’t be decided with certainty till after the top of the calendar 12 months. Closing tax traits of the entire Fund’s distributions can be offered on Kind 1099-DIV, which is mailed after the shut of the calendar 12 months.

The next desk units forth the estimated quantities of the present distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All quantities are expressed per frequent share.

You shouldn’t draw any conclusions in regards to the Fund’s funding efficiency from the quantity of this distribution or from the phrases of the Fund’s managed distribution coverage. The Fund estimates that it has distributed greater than its revenue and capital features; subsequently, a portion of your distribution could also be a return of capital. A return of capital could happen, for instance, when some or the entire cash that you just invested within the Fund is paid again to you. A return of capital distribution doesn’t essentially replicate the Fund’s funding efficiency and shouldn’t be confused with ‘yield’ or ‘revenue’. The quantities and sources of distributions reported on this Discover are solely estimates, are more likely to change over time, and are usually not being offered for tax reporting functions. The precise quantities and sources of the quantities for accounting and tax reporting functions will depend on the Fund’s funding expertise throughout the the rest of its fiscal 12 months and could also be topic to modifications based mostly on tax laws. The quantities and sources of distributions year-to-date could also be topic to further changes.

*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES

The Fund’s Yr-to-date Cumulative Complete Return for fiscal 12 months 2022 (January 1, 2022 by way of December 31, 2022) is ready forth beneath. Shareholders ought to pay attention to the connection between the Yr-to-date Cumulative Complete Return with the Fund’s Cumulative Distribution Charge for 2022. As well as, the Fund’s Common Annual Complete Return for the five-year interval ending December 31, 2022 is ready forth beneath. Shareholders ought to notice the connection between the Common Annual Complete Return with the Fund’s Present Annualized Distribution Charge for 2022. The efficiency and distribution charge data disclosed within the desk relies on the Fund’s internet asset worth per share (NAV). The Fund’s NAV is calculated as the full market worth of all of the securities and different property held by the Fund minus the full liabilities, divided by the full variety of shares excellent. Whereas NAV efficiency could also be indicative of the Fund’s funding efficiency, it doesn’t measure the worth of a shareholder’s particular person funding within the Fund. The worth of a shareholder’s funding within the Fund is set by the Fund’s market value, which relies on the provision and demand for the Fund’s shares within the open market.

Fund Efficiency and Distribution Charge Data:

Traders ought to think about the funding targets, dangers, prices and expense of the Fund rigorously earlier than investing. You possibly can receive the Fund’s most up-to-date periodic studies, when obtainable, and different regulatory filings by contacting your monetary advisor or visiting cohenandsteers.com. These studies and different filings might be discovered on the Securities and Change Fee’s EDGAR Database. It is best to learn these studies and different filings rigorously earlier than investing.

Shareholders mustn’t use the knowledge offered right here in making ready their tax returns. Shareholders will obtain a Kind 1099-DIV for the calendar 12 months indicating how one can report Fund distributions for federal revenue tax functions.

Web site: https://www.cohenandsteers.com
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About Cohen & Steers. Cohen & Steers is a number one world funding supervisor specializing in actual property and different revenue, together with actual property, most popular securities, infrastructure, useful resource equities, commodities, in addition to multi-strategy options. Based in 1986, the agency is headquartered in New York Metropolis, with workplaces in London, Dublin, Hong Kong, and Tokyo.

Ahead-Wanting Statements
This press launch and different statements that Cohen & Steers could make could include ahead wanting statements throughout the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934, which replicate the corporate’s present views with respect to, amongst different issues, its operations and monetary efficiency. You possibly can determine these forward-looking statements by means of phrases similar to “outlook,” “believes,” “expects,” “potential,” “continues,” “could,” “will,” “ought to,” “seeks,” “roughly,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the adverse variations of those phrases or different comparable phrases. Such forward-looking statements are topic to varied dangers and uncertainties.

Accordingly, there are or can be essential components that would trigger precise outcomes or outcomes to vary materially from these indicated in these statements. The corporate undertakes no obligation to publicly replace or overview any forward-looking assertion, whether or not on account of new data, future developments or in any other case.

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