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Cohen & Steers MLP Income And Energy Opportunity Fund Declares Initial Quarterly Distribution And Announces May 9, 2013 Conference Call

Stocks in this article: CNS

NEW YORK, May 6, 2013 /PRNewswire/ -- The Board of Directors of Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (the "Fund") has declared the Fund's first quarterly dividend of $0.315 per common share. This distribution reflects an annualized distribution rate of 6.30%, based on the $20.00 per share IPO price. The ex-dividend and payable dates are June 18, 2013 and June 28, 2013, respectively, to holders of record on June 20, 2013.(1)

The Fund began trading on the NYSE on March 26, 2013 under the ticker MIE.

Portfolio Manager Conference Call   2:00 PM EDT on Thursday, May 9, 2013

Please join portfolio managers Bob Becker and Ben Morton for an update on the market for MLPs and other energy-related securities and a review of the Fund's strategy. The Fund's investment objective is to seek high current income, with a secondary objective of capital appreciation, by investing primarily in MLPs and other energy related securities.

The Fund's investment objective is to seek high current income, with a secondary objective of capital appreciation, by investing primarily in MLPs and other energy related securities.

Live Participant Dial In (Toll Free):  877-407-0778Replay Available Thursday May 9 at 5 pm EDTReplay Number (Toll Free): 877-660-6853Conference ID #: 413810

(1) The Fund currently intends to pay quarterly cash distributions at a level rate, which may be adjusted from time to time based on its projected performance, including changes in portfolio and market conditions.  The Fund expects that a portion of its distributions to shareholders will constitute a non-taxable return of capital.  This is because distributions from MLPs are attributed to various sources, including net investment income and return of capital.  A return of capital is a distribution that exceeds the Fund's current and accumulated earnings and profits which represents a return of the shareholder's original investment and should not be confused with "yield" or "income".  To the extent the Fund pays a return of capital, a shareholder's basis in Fund shares will be reduced, which will increase a capital gain or reduce a capital loss upon sale of those shares.  There is no assurance that the Fund will always be able to pay distributions of a certain size or that a distribution will consist solely of the Fund's current and accumulated earnings and profits.   

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