Form 4: UTF Director Acquires Shares in Rights Offering

Cohen & Steers Infrastructure Fund Director Gerald J. Maginnis acquired 324 common shares at $23.56 each through a pro rata rights offering.

Summary

• Gerald J. Maginnis, a Director of Cohen & Steers Infrastructure Fund Inc (UTF), acquired 324 common shares.
• The transaction occurred on October 16, 2025, at a price of $23.56 per share.
• The acquisition was made pursuant to a pro rata rights offering, where shareholders as of September 22, 2025, received one right for each common share held.
• Each right entitled holders to purchase one new common share for every five rights held.
• The subscription price was fixed at $23.56 per common share.
• An oversubscription privilege was also available, allowing shareholders who fully exercised their rights to purchase additional shares.
• Following this transaction, Mr. Maginnis beneficially owns 1,861.498 common shares directly.
• The rights offering closed on October 16, 2025, and the rights expired at the close of business on this date.

Sentiment

Score: 7

Explanation: The sentiment is positive due to a director's participation in a rights offering, indicating confidence in the company's future. While the amount is not exceptionally large, any insider buying is generally viewed favorably.

Positives

• A Director's participation in a rights offering signals confidence in the company's future prospects and valuation.
• The acquisition of additional shares by an insider aligns management's interests with those of other shareholders.

Industry Context

Rights offerings are a common method for companies, including closed-end funds like Cohen & Steers Infrastructure Fund, to raise capital from existing shareholders. Participation by directors in such offerings can be viewed positively by the market, indicating internal confidence in the fund's strategy and asset base.

Stakeholder Impact

• Shareholders who participated in the rights offering had the opportunity to maintain their proportional ownership and potentially benefit from the fund's future performance.
• The capital raised through the rights offering provides the fund with additional resources for investment or other corporate purposes.

Key Dates

Recommendation

A director's decision to acquire additional shares through a rights offering, even a modest amount, is a positive signal of confidence in the fund's value and future prospects. This insider buying suggests alignment of interests and can be interpreted as a bullish indicator for the stock.

Keywords

Cohen & Steers Infrastructure Fund, UTF, Insider Transaction, Form 4, Director Acquisition, Rights Offering, Share Purchase, Equity Offering