Cohen & Steers MLP Revenue and Electrical power Opportunity Fund, Inc. Announces Liqudiation Proposal

George T. Taft

Press launch articles from PR Newswire. The AP information staff members was not included in its generation.

NEW YORK, Jan. 27, 2021 /PRNewswire/ — Cohen & Steers MLP Earnings and Energy Prospect Fund, Inc. (NYSE: MIE the “Fund”), introduced nowadays that its Board of Administrators has authorised Fund management’s recommendation to seek out stockholder approval for the liquidation and dissolution of the Fund.

The resolve to seek out the liquidation and dissolution of the Fund was based mostly on an evaluation of a range of things, like the complicated basic and marketplace environment that shut-stop MLP cash have faced for the past a number of a long time, the Fund’s recent stage of property and fees, as well as a overview of potential alternatives. Eventually it was determined by Fund management and the Board of Directors that it was in the finest desire 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 distinctive assembly of stockholders, scheduled for May well 27, 2021 at 10:00 AM Jap Time (ET).

Investors really should take into account the investment decision targets, threats, rates and charges of the Fund meticulously ahead of investing. The Fund’s most recent periodic reports and other regulatory filings may be obtained by traveling to and the Securities and Exchange Commission’s EDGAR Databases, or by making contact with your financial professional. You should read through these reports and other filings meticulously before investing.

Web site:
Image: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a international expense manager specializing in liquid actual assets, including real estate securities, detailed infrastructure and purely natural resource equities, as nicely as chosen securities and other earnings remedies. Founded in 1986, the company is headquartered in New York Metropolis, with offices in London, Dublin, Hong Kong and Tokyo.

Forward-Searching Statements
This press release and other statements that Cohen & Steers may perhaps make might consist of forward on the lookout statements inside the which means of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company’s present sights with respect to, among other points, its functions and money general performance. You can establish these ahead-searching statements by the use of terms this sort of as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the damaging versions of these phrases or other similar phrases. These types of ahead-hunting statements are matter to a variety of dangers and uncertainties.

Appropriately, there are or will be crucial elements that could result in true results or outcomes to differ materially from people indicated in these statements. The enterprise undertakes no obligation to publicly update or evaluate any ahead-looking assertion, whether or not as a final result of new info, future developments or or else.

View first content:–steers-mlp-cash flow-and-energy-opportunity-fund-inc-announces-liqudiation-proposal-301215733.html

Resource Cohen & Steers, Inc.

Next Post

This business enterprise obstacle is connecting Maryland corporations and innovators

Assume of innovation communities, and usually startups spring to brain first. When a neighborhood is flourishing, it has participation from many different kinds of organizations. Some gas new strategies. Some offer assistance on building a enterprise. Many others supply the means to shift the young firms forward. The level is […]