SCHEDULE 13G/A: Morgan Stanley Reduces Stake in Cohen & Steers Real Estate Opportunities & Income Fund Below 5%

Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, have filed an amended Schedule 13G indicating their beneficial ownership in Cohen & Steers Real Estate Opportunities & Income Fund has fallen to 4.1%.

Summary

• Morgan Stanley and Morgan Stanley Smith Barney LLC filed an Amendment No. 3 to Schedule 13G concerning their beneficial ownership of Common Shares in Cohen & Steers Real Estate Opportunities & Income Fund.
• As of December 31, 2024, the reporting persons collectively beneficially own 679,684 Common Shares.
• This ownership represents 4.1% of the class of securities.
• The filing indicates that Morgan Stanley and Morgan Stanley Smith Barney LLC have ceased to be the beneficial owner of more than five percent of the class of securities.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual, regulatory filing disclosing a change in beneficial ownership. It does not contain information that would inherently indicate a positive or negative sentiment for the issuer or the reporting entities beyond the routine nature of the disclosure.

Risks

• Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the issuer's business or financial performance. It only certifies that the securities were acquired and are held in the ordinary course of business and not for control purposes.

Management Comments

• "As of the date hereof, Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities."
• "As of the date hereof, Morgan Stanley Smith Barney LLC has ceased to be the beneficial owner of more than five percent of the class of securities."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine regulatory disclosure for institutional investors, indicating a change in their passive ownership stake. It does not provide broader industry trends or specific insights into the real estate opportunities and income fund sector.

Related Party Transactions

• Morgan Stanley Smith Barney LLC is a wholly-owned subsidiary of Morgan Stanley, and their beneficial ownership is reported jointly as a parent holding company and its subsidiary.

Stakeholder Impact

• Shareholders of Cohen & Steers Real Estate Opportunities & Income Fund will note the reduction in beneficial ownership by a significant institutional investor, Morgan Stanley, below the 5% threshold.

Key Dates

Keywords

Morgan Stanley, Cohen & Steers Real Estate Opportunities & Income Fund, Schedule 13G, Beneficial Ownership, Institutional Investor, SEC Filing, Common Shares, Investment Fund, Real Estate