Cohen & Steers Closed-end Opportunity Fund shifts 80% policy to exchange-listed closed-end vehicles effective Oct. 1, 2026
FOF•Fund board adopts new 80% investment policy
Cohen & Steers’ Closed-end Opportunity Fund board adopted changes to the fund’s 80% investment policy, effective Oct. 1, 2026.
The new policy requires at least 80% of net assets in securities issued by exchange-listed “Portfolio Funds” on U.S. or non-U.S. exchanges.
Definition broadened to include more closed-end vehicles
The definition was broadened to treat vehicles without daily redemption rights as closed-end, expanding the scope to include some non-1940 Act vehicles.
The investment strategy was also updated to focus on closed-end pooled vehicles across public and private markets, with flexibility to use derivatives.
