Cohen & Steers MLP Income and Energy Opportunity Fund, Inc.
MIE
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Adam Derechin
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 280 Park Ave Fl 10 New York City NY United States of America
- IPO Date
- Mar 26, 2013
- CIK
- 0001564216
- Website
- cohenandsteers.com
- Similar Companies
- Business
- Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE: MIE) is a closed-end fund that seeks high current income and capital appreciation by investing primarily in master limited partnerships (MLPs) and energy investments, including securities issued by companies engaged in the energy sector such as midstream energy infrastructure, oil and gas production, transportation, and storage. The Fund normally invests at least 80% of its managed assets in MLPs and energy investments; fixed income securities like MLP preferred stocks and bonds; and up to 50% of managed assets in foreign securities, benchmarking performance against the Alerian MLP Index and a composite benchmark of 90% Alerian MLP Index/10% BofA Merrill Lynch Fixed-Rate Preferred Securities Index. It employs leverage to enhance dividend yield and targets institutional and retail investors focused on energy sector income opportunities. Founded on December 13, 2012, and domiciled in the United States, the Fund is managed by Cohen & Steers Capital Management, Inc., with headquarters at 280 Park Avenue, New York, New York. Operations focus on U.S. public equity and fixed income markets within the energy industry, particularly MLPs and related entities. In a major development, the Fund completed its liquidation and dissolution on August 6, 2021, following stockholder approval on June 30, 2021, due to challenging market conditions for closed-end MLP funds, low asset levels, and elevated expenses; shareholders received a final liquidating distribution of $3.9118 per share. Prior to liquidation, the Fund executed share repurchase programs, acquiring up to 10% of outstanding shares annually, including 811,188 shares year-to-date as of November 30, 2020, and declared monthly distributions such as $0.015 per share for April and May 2021. No subsequent activity, partnerships, funding, or operations have occurred post-liquidation.