Cohen & Steers MLP Earnings and Power Chance Fund, Inc. Announces Approval of Fund Liquidation
NEW YORK, June 30, 2021 /PRNewswire/ — Cohen & Steers MLP Money and Power Option Fund, Inc. (NYSE: MIE the “Fund”), declared right now the benefits of the specific meeting held on June 30, 2021, the place stockholders approved the liquidation and dissolution of the Fund.
The Fund has preset the close of small business on August 6, 2021 as the powerful date for determining the stockholders of the Fund that will be entitled to get liquidating distributions. The Fund may make far more than just one liquidating distribution. It is anticipated that liquidating distributions will start off currently being compensated right after near of business enterprise on August 6, 2021 (the “Closing Date”). The Fund’s last day of investing on the New York Inventory Trade will be August 2, 2021, following which time there will be no secondary marketplace for the Fund’s shares.
Right until the Closing Date, the Fund is envisioned to deviate from its investment decision goals and expenditure policies and the Fund’s expenditure limits will not implement as the Fund’s portfolio will be managed in anticipation of the liquidation and the Fund’s portfolio securities will be marketed. In addition, the Fund will not declare any long term dividends as a end result of the pending liquidation.
Stockholders may well figure out a obtain or loss for U.S. tax uses as a outcome of the liquidation. Stockholders ought to consult a skilled tax advisor regarding their certain tax situation.
Web page: https://www.cohenandsteers.com/
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About Cohen & Steers. Cohen & Steers is a primary worldwide financial investment supervisor specializing in true property and choice revenue, together with real estate, favored securities, infrastructure, resource equities, commodities, as properly as multi-tactic methods. Started in 1986, the company is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
Added Data about the Fund and the Liquidation
This press release is for informational reasons only and is not meant to, and does not, constitute an provide to buy or promote shares of the Fund.
Forward-Wanting Statements
This push release and other statements that Cohen & Steers might make may have forward searching statements in the which means of Area 27A of the Securities Act of 1933 and Area 21E of the Securities Trade Act of 1934, which reflect the firm’s existing sights with regard to, among other points, its operations and money general performance. You can discover these ahead-searching statements by the use of text such as “outlook,” “thinks,” “expects,” “potential,” “continues,” “could,” “will,” “should really,” “seeks,” “somewhere around,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the adverse versions of these words and phrases or other comparable words and phrases. These kinds of ahead-searching statements are subject matter to different risks and uncertainties.
Appropriately, there are or will be essential components that could induce actual results or effects to vary materially from all those indicated in these statements. The organization undertakes no obligation to publicly update or review any forward-on the lookout assertion, whether as a outcome of new data, foreseeable future developments or in any other case.
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Source Cohen & Steers, Inc.