FOF - FOF Now Yielding 9.6% With Discounts On Discounts (Like 'Double Coupons')

May, 13 2022 04:52 PM Cohen & Steers Closed-End Opportunity Fund Inc.

Cohen & Steers Closed-End Opportunity Fund provides sort of an "Instant Income Factory" for those looking to put money to work quickly.
Its distribution has been rock solid for the past 10 years; on the other hand, we don't look for it to increase either.
So you have to buy it when it's selling at a price and yield that you'd be happy to sit with for as long as you own it.
Having been in the 7% and 8% range for a long time, FOF now offers a 9.6% yield and a "discount on discounts" as we have described in past articles.

For further details see:

Company Name:	Cohen & Steers Closed-End Opportunity Fund Inc.
Stock Symbol:	FOF
Market:	NYSE
Website:	www.cohenandsteers.com