DEF 14A: Cohen & Steers Funds Announce Joint Annual Meeting of Stockholders

Cohen & Steers Funds will hold a Joint Annual Meeting of Stockholders on April 25, 2024, to vote on the election of directors.

Summary

• Cohen & Steers Funds are holding a Joint Annual Meeting of Stockholders on April 25, 2024, at their New York offices.
• The primary agenda item is the election of three directors for each fund to serve until the 2027 annual meeting.
• Stockholders of record as of February 15, 2024, are entitled to vote.
• The solicitation of proxies will be conducted primarily by mail, with additional solicitation by officers or representatives of the investment manager.
• Broadridge has been engaged to assist in the solicitation of proxies for an aggregate fee of approximately $376,572.
• The nominees for Director are George Grossman, Jane F. Magpiong and Adam M. Derechin, with each to hold office for a term to expire at the 2027 annual meeting of stockholders, and until each Directors successor is duly elected and qualifies.
• The Boards of Directors of the Funds, as applicable, have fixed the close of business on February 15, 2024 as the record date for the determination of stockholders entitled to notice of and to vote at the Meeting.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in sentiment. The detailed information provided suggests transparency and good governance practices, contributing to a slightly positive sentiment.

Positives

• The document provides clear information regarding the upcoming Joint Annual Meeting of Stockholders.
• Stockholders are given multiple options for voting, including internet, telephone, and mail.
• The document includes detailed information about the director nominees and their qualifications.
• The document includes detailed information about the board committees and their functions.

Future Outlook

The document outlines the process for stockholders to submit proposals for the next annual meeting in 2025, with deadlines in October and November 2024.

Industry Context

This announcement is typical for publicly traded closed-end funds, ensuring compliance with SEC regulations and providing stockholders with the opportunity to participate in corporate governance through the election of directors.

Comparison to Industry Standards

• The structure of the board, with a majority of independent directors, aligns with industry best practices and regulatory requirements for investment companies.
• The use of a lead independent director is a common governance practice to ensure effective oversight and communication between independent directors and management.
• The detailed disclosure of director qualifications and compensation is consistent with SEC guidelines for proxy statements.

Stakeholder Impact

• Shareholders have the opportunity to vote on the election of directors, influencing the governance of the funds.
• The outcome of the director elections will impact the strategic direction and oversight of the funds.
• The disclosure of director compensation and potential conflicts of interest promotes transparency and accountability.

Next Steps

• Stockholders should review the proxy statement and vote on the election of directors.
• The Funds will hold the Joint Annual Meeting of Stockholders on April 25, 2024.
• The Funds will advise its stockholders of the voting results of the matters voted upon at the Meeting in its next Semi-Annual Report to Stockholders.

Key Dates

Keywords

proxy statement, annual meeting, stockholders, directors, election, Cohen & Steers, funds, voting, proxy