NEW YORK, March 9, 2015 /PRNewswire/ -- The Boards of Directors of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) and Cohen & Steers Global Income Builder, Inc. (NYSE: INB) (each a "Fund" and collectively, the "Funds") have declared first quarter 2015 distributions payable on March 31, 2015 to shareholders of record on March 20, 2015. The ex-dividend date is March 18, 2015. The distribution amounts for the Funds are summarized below: 



                    Fund

                                               Quarterly

                                             Distribution

                                               Per Share
    ---                                        ---------

    Cohen & Steers                                     $0.2600

    Closed-End Opportunity Fund,
     Inc.
    ----------------------------


    Cohen & Steers                                     $0.2800

    Global Income Builder, Inc.
    ---------------------------

The Funds pay regular quarterly cash distributions to common shareholders at a level rate that may be adjusted from time to time. Each Fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital. Return of capital includes distributions paid by a Fund in excess of its net investment income, and such excess is distributed from the Fund's assets. Under federal tax regulations, some or all of the return of capital distributed by a Fund may be taxed as ordinary income. The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

In addition, distributions for the Fund's investments in real estate investment trusts (REITs) and/or closed-end funds (CEFs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each Fund after year end by the REITs and CEFs held by a Fund.

The amount and composition of each Fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change after year end once the final tax characteristics of all Fund distributions can be determined with certainty. Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

More information is available at cohenandsteers.com.

//Website: http://cohenandsteers.com/
Symbol: NYSE: CNS

About Cohen & Steers. Founded in 1986, Cohen & Steers is a leading global investment manager with a long history of innovation and a focus on real assets, including real estate, infrastructure and commodities, along with preferred securities and other income solutions. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cohen--steers-closed-end-opportunity-fund-inc-fof-and-cohen--steers-global-income-builder-inc-inb-declare-march-2015-quarterly-distributions-300047800.html

SOURCE Cohen & Steers