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Cohen & Steers Infrastructure Fund, Inc. Announces Preliminary Results of Transferable Rights Offering
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) (the "Fund") today announced the results of its transferable rights offering (the "Offer"), which commenced on September 22, 2025 and expired on October 16, 2025 (the "Expiration Date"). The offering was led by UBS Investment Bank as the sole dealer manager.
About this update from Cohen & Steers Inc
[{"type":"text","content":"NEW YORK, Oct. 17, 2025 /PRNewswire/ -- Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) (the "Fund") today announced the results of its transferable rights offering (the "Offer"), which commenced on September 22, 2025 and expired on October 16, 2025 (the "Expiration Date"). The offering was led by UBS Investment Bank as the sole dealer manager.","length":385,"tagName":"p"},{"type":"text","content":"The Offer is expected to result in the issuance of approximately 14,993,927 shares of the Fund's common stock (the "common shares") (including notices of guaranteed delivery), resulting in anticipated gross proceeds to the Fund of approximately $353 million. The Fund will receive the entire proceeds of the Offer since Cohen & Steers Capital Management, Inc. (the "Advisor"), the Fund's investment adviser, has agreed to pay all expenses incurred in connection with the Offer. The Fund intends to invest the proceeds of the Offer and associated borrowings in accordance with its investment objectives and policies.","length":652,"tagName":"p"},{"type":"text","content":"The subscription price of $23.56 per common share was determined based upon the formula equal to the higher of 95% of the average of the last reported sales price of a common share on the NYSE on the Expiration Date, and each of the four preceding trading days on the NYSE or 90% of the net asset value per common share at the close of trading on the NYSE on the Expiration Date. Common shares will be issued promptly after completion and receipt of all stockholder payments.","length":475,"tagName":"p"},{"type":"text","content":"Joe Harvey, Chief Executive Officer of Cohen & Steers, said: "I want to thank all of the investors who continue to place their trust in Cohen & Steers and Cohen & Steers Infrastructure Fund, Inc. With their support, we successfully executed one of the largest transferable rights offerings for a closed-end fund, providing the Fund with fresh capital to capitalize on attractive investment opportunities and compelling growth potential in listed infrastructure."","length":485,"tagName":"p"},{"type":"text","content":"This document is not an offer to sell any securities and is not soliciting an offer to buy any securities in any jurisdiction where the offer or sale ...