Cohen & Steers MLP Earnings and Energy Opportunity Fund, Inc. Announces Liquidation Proposal
NEW YORK, Jan. 27, 2021 /PRNewswire/ — Cohen & Steers MLP Profits and Electricity Opportunity Fund, Inc. (NYSE: MIE the “Fund”), announced today that its Board of Administrators has authorized Fund management’s recommendation to look for stockholder acceptance for the liquidation and dissolution of the Fund.
The willpower to search for the liquidation and dissolution of the Fund was based on an evaluation of a variety of things, such as the difficult elementary and marketplace ecosystem that shut-conclusion MLP cash have confronted for the previous quite a few decades, the Fund’s recent level of assets and bills, as well as a review of prospective solutions. Finally it was decided by Fund management and the Board of Administrators that it was in the finest interest of stockholders to liquidate the Fund.
The proposal to liquidate and dissolve the Fund, which involves the approval of stockholders, will be submitted for acceptance at a special conference of stockholders, scheduled for May possibly 27, 2021 at 10:00 AM Jap Time (ET).
Investors ought to consider the expense objectives, pitfalls, charges and charges of the Fund diligently ahead of investing. The Fund’s most recent periodic reports and other regulatory filings may well be received by visiting cohenandsteers.com and the Securities and Trade Commission’s EDGAR Database, or by getting in contact with your economic specialist. Please examine these stories and other filings meticulously in advance of investing.
Website: https://www.cohenandsteers.com/
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About Cohen & Steers. Cohen & Steers is a worldwide expense manager specializing in liquid serious belongings, including actual estate securities, listed infrastructure and natural source equities, as effectively as chosen securities and other money remedies. Established in 1986, the agency is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
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Appropriately, there are or will be essential variables that could result in real results or outcomes to differ materially from all those indicated in these statements. The business undertakes no obligation to publicly update or evaluation any forward-hunting statement, whether or not as a consequence of new data, foreseeable future developments or otherwise.
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