Form 4: Cohen & Steers Closed-End Opportunity Fund Director Sells Shares
SEC Form 4 Filing
Director Gerald J. Maginnis sold 975 shares of Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) at $13.04 per share on October 1, 2024.
Summary
- On October 1, 2024, Gerald J. Maginnis, a director of Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF), sold 975 shares of common stock.
- The sale price was $13.04 per share.
- Following the transaction, Maginnis directly owns 1,595.743 shares of the company's common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock sale by a director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. Monitoring these filings can offer insights into insider sentiment, although a single sale doesn't necessarily indicate a negative outlook.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Sale of 975 shares of common stock. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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