Cohen & Steers Infrastructure Fund INC: directors' dealings · United States · SEC (Form 4)

About Cohen & Steers Infrastructure Fund INC

Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) is a U.S.-listed closed-end fund focused on listed infrastructure assets. It is managed by Cohen & Steers Capital Management, a New York-based investment firm founded in 1986 with a global office network. UTF was launched on March 30, 2004 and seeks total return with an emphasis on income, primarily by investing in securities issued by infrastructure companies. The fund’s core investment universe spans the building blocks of the real economy: utilities, pipelines, toll roads, airports, railroads, marine ports and telecommunications companies. That mix is designed to provide investors with recurring cash flow and exposure to assets that are often regulated, essential, and relatively difficult to replace, which supports the fund’s appeal as an income-oriented infrastructure vehicle. From a competitive standpoint, UTF sits in the specialized closed-end fund segment, where security selection, leverage management and sector expertise matter more than broad market beta alone. Cohen & Steers brings a long track record in real assets and alternative income strategies, and the fund can combine equity exposure with other income-generating instruments depending on portfolio conditions. UTF’s listing on the NYSE in the United States gives it strong visibility among retail and institutional investors seeking listed infrastructure exposure. The fund’s materials also indicate meaningful geographic diversification beyond the United States, with portfolio exposure that can extend across Europe and Asia-Pacific as opportunities emerge in different infrastructure subsectors. Recent developments point to an active capital-management approach. The annual report filed with the SEC for the year ended December 31, 2025 disclosed a renewed share repurchase authorization for 2026, subject to market conditions and management discretion, and a transferable rights offering announced in September 2025 and completed in October 2025. The offering raised approximately $353.2 million in gross proceeds and enabled the fund to maintain its leverage profile after issuance. As of March 31, 2026, the fund reported managed assets of about $4.4 billion, 299 holdings, a monthly distribution of $0.1550 per share and an annualized distribution rate of 7.19%. Those figures also underscore the key risk profile: UTF’s returns are meaningfully influenced by leverage, interest-rate conditions and sector valuation swings. For international equity investors, the fund is best viewed as a listed income solution built around essential infrastructure franchises rather than as a pure growth equity mandate.