NEW YORK, Jan. 27, 2021 /PRNewswire/
-- Cohen & Steers MLP Income and Energy
Opportunity Fund, Inc. (NYSE: MIE; the "Fund"), announced today
that its Board of Directors has approved Fund management's
recommendation to seek stockholder approval for the liquidation and
dissolution of the Fund.
The determination to seek the liquidation and dissolution of the
Fund was based on an assessment of a variety of factors, including
the challenging fundamental and market environment that closed-end
MLP funds have faced for the last several years, the Fund's current
level of assets and expenses, as well as a review of potential
alternatives. Ultimately it was determined by Fund management and
the Board of Directors that it was in the best interest of
stockholders to liquidate the Fund.
The proposal to liquidate and dissolve the Fund, which requires
the approval of stockholders, will be submitted for approval at a
special meeting of stockholders, scheduled for May 27, 2021 at 10:00 AM
Eastern Time (ET).
Investors should consider the investment objectives, risks,
charges and expenses of the Fund carefully before investing. The
Fund's most recent periodic reports and other regulatory filings
may be obtained by visiting cohenandsteers.com and the Securities
and Exchange Commission's EDGAR Database, or by contacting your
financial professional. Please read these reports and other filings
carefully before investing.
Website: https://www.cohenandsteers.com/
Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a global
investment manager specializing in liquid real assets, including
real estate securities, listed infrastructure and natural resource
equities, as well as preferred securities and other income
solutions. Founded in 1986, the firm is headquartered in
New York City, with offices in
London, Dublin, Hong
Kong and Tokyo.
Forward-Looking Statements
This press
release and other statements that Cohen & Steers may make may
contain forward looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, which reflect the company's current views
with respect to, among other things, its operations and financial
performance. You can identify these forward-looking statements by
the use of words such as "outlook," "believes," "expects,"
"potential," "continues," "may," "will," "should," "seeks,"
"approximately," "predicts," "intends," "plans," "estimates,"
"anticipates," or the negative versions of these words or other
comparable words. Such forward-looking statements are subject to
various risks and uncertainties.
Accordingly, there are or will be important factors that
could cause actual outcomes or results to differ materially from
those indicated in these statements. The company undertakes no
obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
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SOURCE Cohen & Steers, Inc.