Cohen & Steers Infrastructure Fund raises $353M in transferable rights offering.

Cohen & Steers Infrastructure Fund announced the results of its transferable rights offering, which is expected to result in the issuance of approximately 14.99 million shares and gross proceeds of around $353 million. The fund will use the proceeds to invest in accordance with its objectives and policies. UBS Investment Bank led the offering and the Advisor, Cohen & Steers Capital Management, has agreed to pay all expenses.

Cohen & Steers Infrastructure Fund, Inc. (NYSE: CNS) has announced the preliminary results of its transferable rights offering, which ran from September 22, 2025, to October 16, 2025. The offering is expected to issue approximately 14,993,927 common shares, generating anticipated gross proceeds of approximately $353 million, according to a PR Newswire release. https://www.prnewswire.com/news-releases/cohen--steers-infrastructure-fund-inc-announces-preliminary-results-of-transferable-rights-offering-302587231.html

The subscription price was set at $23.56 per share, determined by a formula that used 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, or 90% of the net asset value per common share at the close of trading on the NYSE on the Expiration Date, as noted in the PR Newswire release.

The Fund will receive all proceeds from the offering, as Cohen & Steers Capital Management, Inc. (the Advisor), the Fund's investment adviser, has agreed to pay all expenses incurred in connection with the offering. The Fund intends to use these proceeds and associated borrowings to invest in accordance with its investment objectives and policies, which focus on total return with an emphasis on income, per the PR Newswire release.

UBS Investment Bank served as the sole dealer manager for the offering, and Joe Harvey, Chief Executive Officer of Cohen & Steers, expressed gratitude to the investors for their continued trust, stating that the successful execution of the offering provides the Fund with fresh capital to capitalize on attractive investment opportunities in listed infrastructure, as reported in the PR Newswire release.

Risks and Considerations

Investors should be aware of the risks associated with investing in global infrastructure securities and closed-end funds. Infrastructure issuers may be subject to various governmental regulations, and foreign securities involve special risks such as currency fluctuations and lower liquidity. Additionally, shares of closed-end funds frequently trade at a discount from their asset value and are subject to stock market risk, as detailed in the PR Newswire release.

Conclusion

The transferable rights offering by Cohen & Steers Infrastructure Fund, Inc. is a significant financial event that provides the Fund with substantial capital for future investments. Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before making any investment decisions.

References

- StockTitan article

- PR Newswire release: https://www.prnewswire.com/news-releases/cohen--steers-infrastructure-fund-inc-announces-preliminary-results-of-transferable-rights-offering-302587231.html