NEW YORK, June 9, 2015 /PRNewswire/ -- The Board of Directors of the Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE: MIE) (the "Fund") declared its June 2015 distribution as summarized in the chart below: 



       Amount of           Ex-Dividend     Record        Payable
     Distribution              Date         Date           Date
     ------------              ----         ----           ----

                  $0.3300 June 18, 2015 June 22, 2015 June 30, 2015
                  ------- ------------- ------------- -------------

In March 2015, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular quarterly distributions declared at a fixed rate per common share. This policy will give the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular quarterly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.

The Fund's quarterly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. In addition, distributions from the Fund's investments in MLPs are attributed to various sources, including net investment income and return of capital. The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

At the time of each quarterly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the Fund's fiscal year end of November 30, 2015. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the sources indicated. All amounts are expressed per common share.



                                       DISTRIBUTION ESTIMATES     June 2015          FISCAL YEAR-TO-DATE (YTD)

                                                                                           June 30, 2015*
    ---                                                                                    -------------

    Source                                                    Per Share Amount       % of Current Distribution      Per Share Amount          % of Fiscal Year
                                                                                                                                             2015 Distributions
    ---                                                                                                                                      ------------------

    Net Investment Income                                                    $0.1821                         55.18%                 $0.1821                      18.39%
    ---------------------                                                    -------                          -----                  -------                       -----

    Net Realized Short-Term Capital Gains                                    $0.0000                          0.00%                 $0.0000                       0.00%
    -------------------------------------                                    -------                           ----                  -------                        ----

    Net Realized Long-Term Capital Gains                                     $0.0554                         16.79%                 $0.3186                      32.18%
    ------------------------------------                                     -------                          -----                  -------                       -----

    Return of Capital (or other Capital Source)                              $0.0925                         28.03%                 $0.4893                      49.43%
    ------------------------------------------                               -------                          -----                  -------                       -----

    Total Current Distribution                                               $0.3300                        100.00%                 $0.9900                     100.00%
    --------------------------                                               -------                         ------                  -------                      ------

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions fiscal year-to-date may be subject to additional adjustments.

*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT DISTRIBUTIONS PAID IN 2015 FOR FEDERAL INCOME TAX PURPOSES.

The Fund's Year-to-date Cumulative Total Return for fiscal year 2015 (December 1, 2014 through May 31, 2015) is set forth below. Shareholders should take note of the relationship between the Fiscal Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for fiscal year 2015. Moreover, the Fund's Average Annual Total Return for the since-inception period beginning on the Fund's March 26, 2013 inception and ending May 31, 2015 is set forth below. Shareholders should also note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for fiscal year 2015. In addition, the performance and distribution rate information disclosed in the table below is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Fund Performance and Distribution Rate Information: 



    Fiscal Year-to-date December 1, 2014 to May 31, 2015
    ----------------------------------------------------

    Fiscal Year-to-date
     Cumulative Total Return(1)                                 0.94%
    ---------------------------                                  ----

    Cumulative Distribution
     Rate(2)                                                    4.62%
    -----------------------                                      ----


    Since-inception period ending May 31, 2015
    ------------------------------------------

    Average Annual Total
     Return(3)                                                 12.03%
    --------------------                                        -----

    Current Annualized
     Distribution Rate4                                         6.16%
    -------------------                                          ----



    1.             Fiscal Year-to-date Cumulative
                   Total Return is the percentage
                   change in the Fund's NAV over
                   the fiscal year-to-date time
                   period including distributions
                   paid and assuming reinvestment
                   of those distributions.

    2.             Cumulative Distribution Rate for
                   the Fund's current fiscal
                   period (December 1, 2014
                   through May 31, 2015) measured
                   on the dollar value of
                   distributions in the fiscal
                   year-to-date period as a
                   percentage of the Fund's NAV as
                   of May 31, 2015.

    3.             Average Annual Total Return
                   represents the compound average
                   of the Annual NAV Total Returns
                   of the Fund for the since-
                   inception period beginning on
                   the Fund's March 26, 2013
                   inception and ending May 31,
                   2015. Annual NAV Total Return
                   is the percentage change in the
                   Fund's NAV over a year
                   including distributions paid
                   and assuming reinvestment of
                   those distributions.

    4.             The Current Annualized
                   Distribution Rate is the
                   current fiscal period's
                   distribution rate annualized as
                   a percentage of the Fund's NAV
                   as of May 31, 2015.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.

More information is available at cohenandsteers.com.
//Website: http://cohenandsteers.com/
Symbol: NYSE: CNS

About Cohen & Steers. Founded in 1986, Cohen & Steers is a leading global investment manager with a long history of innovation and a focus on real assets, including real estate, infrastructure and commodities, along with preferred securities and other income solutions. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cohen--steers-mlp-income-and-energy-opportunity-fund-inc-mie-declares-june-2015-quarterly-distribution-300096772.html

SOURCE Cohen & Steers