B of A Securities Keeps Underperform Rating on Cohen & Steers, Raises PT to $68.

B of A Securities Keeps Underperform Rating on Cohen & Steers, Raises PT to $68.

Bank of America Securities has maintained its underperform rating on Cohen & Steers Infrastructure Fund, Inc. (UTF), while raising its price target to $68 per share. The rating reflects the fund's managed distribution policy and its reliance on long-term capital gains for distributions, which may not align with current market conditions. The fund's current distribution of $0.1550 per share, set for September 30, 2025, includes 60.06% net investment income, 39.94% net realized long-term capital gains, and 1.64% return of capital. The fund's year-to-date cumulative total return stands at 13.76%, with a cumulative distribution rate of 5.40% Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)^[1].

The managed distribution policy, implemented in March 2015, allows the fund to distribute long-term capital gains regularly throughout the year. However, this policy may be subject to changes based on tax regulations and market conditions, which could impact the fund's performance and share price. The fund's five-year average annual total return is 9.96%, with a current annualized distribution rate of 7.20% Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)^[1].

Bank of America Securities' revised price target reflects the fund's long-term focus and the potential for continued distributions, but investors should consider the fund's risk profile and the impact of the managed distribution policy on its investment performance. The fund's performance and distribution rate information are based on its net asset value per share (NAV), which may not accurately reflect the value of an individual shareholder's investment Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)^[1].