UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT COMPANY
Investment Company Act file number: 811-22780
Cohen & Steers MLP Income and Energy Opportunity Fund, Inc.
Exact Name of Registrant (as specified in charter):
280 Park Avenue
New York, NY 10017
Address of Principal Executive Office:
Dana DeVivo
280 Park Avenue
New York, NY 10017
Name and address of agent for service:
Registrant telephone number, including area code: (212) 832-3232
Date of fiscal year end: November 30
Date of reporting period: August 31, 2018
Item 1. Schedule of Investments
COHEN & STEERS MLP INCOME AND ENERGY OPPORTUNITY FUND, INC.
SCHEDULE OF INVESTMENTS
August 31, 2018 (Unaudited)
Shares/Units | Value | |||||||||||
MASTER LIMITED PARTNERSHIPS AND RELATED COMPANIES |
126.6 | % | ||||||||||
COMPRESSION |
1.4 | % | ||||||||||
Archrock, Inc.(a) |
342,196 | $ | 4,328,779 | |||||||||
|
|
|||||||||||
CRUDE/REFINED PRODUCTS |
23.3 | % | ||||||||||
Buckeye Partners LP(a) |
501,000 | 17,665,260 | ||||||||||
Enbridge Energy Management LLC(a) |
658,334 | 7,142,924 | ||||||||||
Genesis Energy LP(a) |
481,797 | 11,529,402 | ||||||||||
Plains All American Pipeline LP(a) |
1,138,108 | 29,727,381 | ||||||||||
Plains GP Holdings LP, Class A(a) |
234,000 | 6,032,520 | ||||||||||
|
|
|||||||||||
72,097,487 | ||||||||||||
|
|
|||||||||||
DIVERSIFIED MIDSTREAM |
56.1 | % | ||||||||||
Andeavor Logistics LP(a) |
93,649 | 4,549,468 | ||||||||||
Energy Transfer Equity LP(a) |
460,713 | 8,062,478 | ||||||||||
Energy Transfer Partners LP(a) |
2,335,033 | 52,654,994 | ||||||||||
Enterprise Products Partners LP(a) |
1,910,787 | 54,648,508 | ||||||||||
Kinder Morgan, Inc.(a) |
481,079 | 8,515,098 | ||||||||||
MPLX LP(a) |
1,160,929 | 41,178,152 | ||||||||||
Pembina Pipeline Corp. (CAD) (Canada) |
119,593 | 4,078,992 | ||||||||||
|
|
|||||||||||
173,687,690 | ||||||||||||
|
|
|||||||||||
GATHERING & PROCESSING |
36.9 | % | ||||||||||
Antero Midstream GP LP(a) |
173,345 | 2,927,797 | ||||||||||
Antero Midstream Partners LP(a) |
292,100 | 8,549,767 | ||||||||||
BP Midstream Partners LP(a) |
146,000 | 2,880,580 | ||||||||||
CNX Midstream Partners Lp(a) |
173,300 | 3,396,680 | ||||||||||
Crestwood Equity Partners LP(a) |
300,700 | 11,306,320 | ||||||||||
DCP Midstream Partners LP(a) |
360,700 | 14,864,447 | ||||||||||
Enable Midstream Partners LP |
353,200 | 5,499,324 | ||||||||||
EnLink Midstream Partners LP(a) |
204,400 | 3,638,320 | ||||||||||
EQT Midstream Partners LP(a) |
275,786 | 15,763,928 | ||||||||||
Hess Midstream Partners LP(a) |
299,418 | 6,778,824 | ||||||||||
Keyera Corp. (CAD) (Canada) |
79,000 | 2,176,889 | ||||||||||
Oasis Midstream Partners LP(a) |
112,600 | 2,490,712 | ||||||||||
Shell Midstream Partners LP(a) |
546,100 | 12,216,257 | ||||||||||
Summit Midstream Partners LP(a) |
363,733 | 5,874,288 | ||||||||||
Targa Resources Corp. |
65,400 | 3,601,578 | ||||||||||
Western Gas Equity Partners LP(a) |
118,670 | 4,018,166 | ||||||||||
Western Gas Partners LP(a) |
168,038 | 8,208,656 | ||||||||||
|
|
|||||||||||
114,192,533 | ||||||||||||
|
|
1
Shares/Units | Value | |||||||||||
MARINE SHIPPING/OFFSHORE |
2.7 | % | ||||||||||
GasLog Partners LP (Monaco) |
240,549 | $ | 5,845,341 | |||||||||
Golar LNG Partners LP (Marshall Islands) |
190,517 | 2,575,790 | ||||||||||
|
|
|||||||||||
8,421,131 | ||||||||||||
|
|
|||||||||||
NATURAL GAS PIPELINES |
5.1 | % | ||||||||||
Cheniere Energy Partners LP(a) |
170,354 | 6,456,416 | ||||||||||
Cheniere Energy Partners LP Holdings LLC(a) |
206,288 | 6,537,267 | ||||||||||
Spectra Energy Partners LP(a) |
70,500 | 2,676,180 | ||||||||||
|
|
|||||||||||
15,669,863 | ||||||||||||
|
|
|||||||||||
OTHER |
1.1 | % | ||||||||||
Sprague Resources LP(a) |
140,745 | 3,560,849 | ||||||||||
|
|
|||||||||||
TOTAL MASTER LIMITED PARTNERSHIPS AND RELATED COMPANIES |
391,958,332 | |||||||||||
|
|
|||||||||||
PREFERRED SECURITIES$25 PAR VALUE |
5.2 | % | ||||||||||
BANKS |
1.3 | % | ||||||||||
Bank of America Corp., 6.00%, Series EE(b) |
31,475 | 821,183 | ||||||||||
Bank of America Corp., 6.00%, Series GG(b) |
23,900 | 627,375 | ||||||||||
Bank of America Corp., 5.875%, Series HH(b) |
5,400 | 138,996 | ||||||||||
Citigroup, Inc., 6.30%, Series S(b) |
16,926 | 445,154 | ||||||||||
GMAC Capital Trust I, 8.099%, (3 Month US LIBOR + 5.785%) due 2/15/40, Series 2 (TruPS) (FRN)(c) |
41,175 | 1,103,490 | ||||||||||
JPMorgan Chase & Co., 6.125%, Series Y(b) |
10,600 | 279,310 | ||||||||||
US Bancorp, 5.50%, Series K(b) |
6,950 | 177,989 | ||||||||||
Wells Fargo & Co., 5.85% to 9/15/23, Series Q(b),(d) |
9,042 | 232,741 | ||||||||||
Wells Fargo & Co., 5.625%, Series Y(b) |
14,575 | 369,476 | ||||||||||
|
|
|||||||||||
4,195,714 | ||||||||||||
|
|
|||||||||||
CHEMICALS |
0.3 | % | ||||||||||
CHS, Inc., 7.50%, Series 4(b) |
29,741 | 838,994 | ||||||||||
|
|
|||||||||||
DIVERSIFIED FINANCIAL SERVICES |
0.1 | % | ||||||||||
Morgan Stanley, 5.85% to 4/15/27, Series K(b),(d) |
7,704 | 200,381 | ||||||||||
|
|
|||||||||||
FINANCIALINVESTMENT ADVISORY SERVICES |
0.1 | % | ||||||||||
Ares Management LP, 7.00%, Series A(b) |
14,750 | 400,315 | ||||||||||
|
|
2
Shares/Units | Value | |||||||||||
INSURANCE |
0.7 | % | ||||||||||
LIFE/HEALTH INSURANCE |
0.1 | % | ||||||||||
Prudential Financial, Inc., 5.625%, due 8/15/58 |
3,000 | $ | 75,300 | |||||||||
Unum Group, 6.25%, due 6/15/58 |
11,050 | 279,675 | ||||||||||
|
|
|||||||||||
354,975 | ||||||||||||
|
|
|||||||||||
MULTI-LINE |
0.1 | % | ||||||||||
WR Berkley Corp., 5.70%, due 3/30/58 |
15,952 | 398,960 | ||||||||||
|
|
|||||||||||
PROPERTY CASUALTYFOREIGN |
0.2 | % | ||||||||||
Enstar Group Ltd., 7.00% to 9/1/28, Series D (Bermuda)(b),(d) |
6,000 | 156,660 | ||||||||||
Validus Holdings Ltd., 5.80%, Series B(b) |
17,442 | 440,585 | ||||||||||
|
|
|||||||||||
597,245 | ||||||||||||
|
|
|||||||||||
REINSURANCEFOREIGN |
0.3 | % | ||||||||||
Arch Capital Group Ltd., 5.45%, Series F(b) |
6,000 | 148,740 | ||||||||||
Axis Capital Holdings Ltd., 5.50%, Series E(b) |
25,625 | 640,369 | ||||||||||
|
|
|||||||||||
789,109 | ||||||||||||
|
|
|||||||||||
TOTAL INSURANCE |
2,140,289 | |||||||||||
|
|
|||||||||||
INTEGRATED TELECOMMUNICATIONS SERVICES |
0.0 | % | ||||||||||
AT&T, Inc, 5.625%, due 8/1/67 |
3,500 | 88,165 | ||||||||||
|
|
|||||||||||
MARINE SHIPPING/OFFSHORE |
0.1 | % | ||||||||||
GasLog Partners LP, 8.625% to 6/15/27, Series A (Monaco)(b),(d) |
11,000 | 292,820 | ||||||||||
|
|
|||||||||||
PIPELINES |
0.4 | % | ||||||||||
Enbridge, 6.375% to 4/15/23, due 4/15/78, Series B (Canada)(d) |
23,612 | 605,176 | ||||||||||
Energy Transfer Partners LP, 7.375% to 5/15/23, Series C(b),(d) |
28,475 | 728,675 | ||||||||||
|
|
|||||||||||
1,333,851 | ||||||||||||
|
|
|||||||||||
REAL ESTATE |
0.6 | % | ||||||||||
DIVERSIFIED |
0.5 | % | ||||||||||
VEREIT, 6.70%, Series F(b) |
67,237 | 1,701,096 | ||||||||||
|
|
|||||||||||
INDUSTRIALS |
0.0 | % | ||||||||||
PS Business Parks, Inc., 5.70%, Series V(b) |
3,054 | 76,381 | ||||||||||
|
|
|||||||||||
SHOPPING CENTERSCOMMUNITY CENTER |
0.1 | % | ||||||||||
Kimco Realty Corp., 5.625%, Series K(b) |
6,460 | 160,143 | ||||||||||
|
|
|||||||||||
TOTAL REAL ESTATE |
1,937,620 | |||||||||||
|
|
3
Shares/Units | Value | |||||||||||
TECHNOLOGYSOFTWARE |
0.3 | % | ||||||||||
eBay, 6.00%, due 2/1/56 |
30,997 | $ | 812,431 | |||||||||
|
|
|||||||||||
UTILITIES |
1.3 | % | ||||||||||
DTE Energy Co., 6.00%, due 12/15/76, Series F |
16,250 | 421,525 | ||||||||||
Integrys Holdings, Inc., 6.00% to 8/1/23, |
18,029 | 467,402 | ||||||||||
SCE Trust IV, 5.375% to 9/15/25, Series J(b),(d) |
20,160 | 515,894 | ||||||||||
SCE Trust V, 5.45% to 3/15/26, Series K(b),(d) |
11,748 | 303,333 | ||||||||||
SCE Trust VI, 5.00%(b) |
17,825 | 416,036 | ||||||||||
Southern Co./The, 6.25%, due 10/15/75 |
54,000 | 1,407,240 | ||||||||||
Southern Co./The, 5.25%, due 12/1/77 |
17,000 | 415,820 | ||||||||||
|
|
|||||||||||
3,947,250 | ||||||||||||
|
|
|||||||||||
TOTAL PREFERRED SECURITIES$25 PAR VALUE |
16,187,830 | |||||||||||
|
|
|||||||||||
Principal Amount |
||||||||||||
PREFERRED SECURITIESCAPITAL SECURITIES |
4.9 | % | ||||||||||
BANKS |
1.7 | % | ||||||||||
Bank of America Corp., 6.25% to 9/5/24, |
$ | 1,130,000 | 1,193,562 | |||||||||
Citigroup, Inc., 5.90% to 2/15/23(a),(b),(d) |
950,000 | 978,500 | ||||||||||
Citigroup, Inc., 6.25% to 8/15/26, Series T(b),(d) |
175,000 | 183,750 | ||||||||||
CoBank ACB, 6.25% to 10/1/22, Series F(b),(d) |
4,300 | | 449,350 | |||||||||
Countrywide Capital III, 8.05%, due 6/15/27, Series B |
200,000 | 248,491 | ||||||||||
Goldman Sachs Group, Inc./The, 5.70% to 5/10/19, Series L(b),(d) |
350,000 | 355,288 | ||||||||||
JPMorgan Chase & Co., 5.809%, (3 Month US LIBOR + 3.47%), Series I (FRN)(b),(c) |
680,000 | 685,610 | ||||||||||
Wells Fargo & Co., 6.110%, (3 Month US LIBOR + 3.77%), Series K (FRN)(a),(b),(c) |
865,000 | 877,240 | ||||||||||
Wells Fargo Capital X, 5.95%, due 12/1/86, (TruPS) |
250,000 | 268,750 | ||||||||||
|
|
|||||||||||
5,240,541 | ||||||||||||
|
|
|||||||||||
BANKSFOREIGN |
1.0 | % | ||||||||||
Barclays PLC, 7.875% to 3/15/22 |
800,000 | 832,423 | ||||||||||
Barclays PLC, 7.750% to 09/15/23 |
200,000 | 202,260 | ||||||||||
HSBC Holdings PLC, 6.25% to 3/23/23 |
200,000 | 201,010 | ||||||||||
Royal Bank of Scotland Group PLC, 8.625% to 8/15/21 |
1,000,000 | 1,072,900 | ||||||||||
Societe Generale SA, 7.375% to 9/13/21, 144A (France)(b),(d),(f),(g) |
200,000 | 209,020 |
4
Principal Amount |
Value | |||||||||||
Societe Generale SA, 7.875% to 12/18/23, 144A |
$ | 400,000 | $ | 421,000 | ||||||||
|
|
|||||||||||
2,938,613 | ||||||||||||
|
|
|||||||||||
INDUSTRIALSDIVERSIFIED MANUFACTURING |
0.1 | % | ||||||||||
General Electric Co., 5.00% to 1/21/21, Series D(b),(d) |
400,000 | 394,250 | ||||||||||
|
|
|||||||||||
INSURANCE |
0.1 | % | ||||||||||
LIFE/HEALTH INSURANCE |
0.1 | % | ||||||||||
MetLife, Inc., 5.875% to 3/15/28, Series D(b),(d) |
175,000 | 181,344 | ||||||||||
|
|
|||||||||||
PROPERTY CASUALTY |
0.0 | % | ||||||||||
Assurant, Inc., 7.00% to 3/27/28, due 3/27/48(d) |
150,000 | 153,750 | ||||||||||
|
|
|||||||||||
335,094 | ||||||||||||
|
|
|||||||||||
INTEGRATED TELECOMMUNICATIONS SERVICES |
0.2 | % | ||||||||||
Centaur Funding Corp., 9.08%, due 4/21/20, 144A (Cayman Islands)(g) |
500 | | 554,503 | |||||||||
|
|
|||||||||||
MATERIALMETALS & MINING |
0.1 | % | ||||||||||
BHP Billiton Finance USA Ltd., 6.75% to 10/20/25, due 10/19/75, 144A (Australia)(d),(g) |
200,000 | 220,000 | ||||||||||
|
|
|||||||||||
PIPELINES |
0.5 | % | ||||||||||
Enbridge Energy Partners LP, 6.135% (3 Month US LIBOR + 3.450%), due 10/1/77, (FRN)(c) |
250,000 | 251,383 | ||||||||||
Enbridge, Inc., 6.25% to 3/1/28, due 3/1/78 (Canada)(d) |
250,000 | 243,105 | ||||||||||
Plains All American Pipeline LP, 6.125% to 11/15/22, Series B(a),(b),(d) |
357,000 | 349,860 | ||||||||||
Transcanada Trust, 5.875% to 8/15/26, due 8/15/76, Series 16-A (Canada)(a),(d) |
821,000 | 839,472 | ||||||||||
|
|
|||||||||||
1,683,820 | ||||||||||||
|
|
|||||||||||
TELECOMMUNICATIONCOMMUNICATIONS |
0.0 | % | ||||||||||
Vodafone Group PLC, 3.750%, due 1/16/24 (United Kingdom) |
100,000 | 99,269 | ||||||||||
|
|
|||||||||||
UTILITIES |
1.2 | % | ||||||||||
CenterPoint Energy, Inc, 6.125% to 9/1/23, |
180,000 | 183,600 | ||||||||||
Emera, Inc., 6.75% to 6/15/26, due 6/15/76, |
600,000 | 639,072 | ||||||||||
Enel SpA, 8.75% to 9/24/23, due 9/24/73, 144A |
1,800,000 | 1,968,750 | ||||||||||
NiSource, Inc., 5.65% to 6/15/23, 144A(b),(d),(e),(g) |
245,000 | 248,369 | ||||||||||
Southern California Edison Co., 6.25% to 2/1/22, |
350,000 | 371,914 |
5
Principal Amount |
Value | |||||||||||
Southern Co./The, 5.50% to 3/15/22, due 3/15/57, Series B(a),(d) |
$ | 400,000 | $ | 409,067 | ||||||||
|
|
|||||||||||
3,820,772 | ||||||||||||
|
|
|||||||||||
TOTAL PREFERRED SECURITIESCAPITAL SECURITIES |
|
15,286,862 | ||||||||||
|
|
|||||||||||
Number of Shares |
||||||||||||
SHORT-TERM INVESTMENTS |
1.3 | % | ||||||||||
MONEY MARKET FUNDS |
||||||||||||
State Street Institutional Treasury Money Market Fund, Premier Class, 1.87%(h) |
4,067,902 | 4,067,902 | ||||||||||
|
|
|||||||||||
TOTAL SHORT-TERM INVESTMENTS (Identified cost$4,067,902) |
4,067,902 | |||||||||||
|
|
|||||||||||
TOTAL INVESTMENTS IN SECURITIES |
138.0 | % | 427,500,926 | |||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS |
(38.0 | ) | (117,780,016 | ) | ||||||||
|
|
|
|
|||||||||
NET ASSETS (Equivalent to $11.56 per share based on 26,793,340 shares of common stock outstanding) |
100.0 | % | $ | 309,720,910 | ||||||||
|
|
|
|
Glossary of Portfolio Abbreviations
CAD | Canadian Dollar | |
FRN | Floating Rate Note | |
LIBOR | London Interbank Offered Rate | |
TruPS | Trust Preferred Securities |
Note: Percentages indicated are based on the net assets of the Fund.
| Represents shares. |
(a) | All or a portion of the security is pledged as collateral in connection with the Funds credit agreement. $236,694,724 in aggregate has been pledged as collateral. |
(b) | Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. |
(c) | Variable rate. Rate shown is in effect at August 31, 2018. |
6
(d) | Security converts to floating rate after the indicated fixed-rate coupon period. |
(e) | Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. Aggregate holdings amounted to $832,423 or 0.3% of the net assets of the Fund, of which 0.0% are illiquid. |
(f) | Contingent Capital Security (CoCo). CoCos are preferred securities with loss absorption characteristics built into the terms of the security for the benefit of the issuer. Aggregate holdings amounted to $2,938,613 which represents 0.9% of the net assets of the Fund (0.7% of the managed assets of the Fund). |
(g) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. Aggregate holdings amounted to $3,621,642 or 1.2% of the net assets of the Fund, of which 0.0% are illiquid. |
(h) | Rate quoted represents the annualized seven-day yield. |
7
COHEN & STEERS MLP INCOME AND ENERGY OPPORTUNITY FUND, INC.
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
Note 1. Portfolio Valuation
Investments in securities that are listed on the New York Stock Exchange (NYSE) are valued, except as indicated below, at the last sale price reflected at the close of the NYSE on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the closing bid and ask prices on such day or, if no ask price is available, at the bid price.
Securities not listed on the NYSE but listed on other domestic or foreign securities exchanges (including NASDAQ) are valued in a similar manner. Securities traded on more than one securities exchange are valued at the last sale price reflected at the close of the exchange representing the principal market for such securities on the business day as of which such value is being determined. If after the close of a foreign market, but prior to the close of business on the day the securities are being valued, market conditions change significantly, certain non-U.S. equity holdings may be fair valued pursuant to procedures established by the Board of Directors.
Readily marketable securities traded in the over-the-counter (OTC) market, including listed securities whose primary market is believed by Cohen & Steers Capital Management, Inc. (the investment advisor) to be OTC, are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment advisor, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities.
Fixed-income securities are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment advisor, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities. The pricing services or broker-dealers use multiple valuation techniques to determine fair value. In instances where sufficient market activity exists, the pricing services or broker-dealers may utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the pricing services or broker-dealers also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, and other unique security features which are then used to calculate the fair values.
Short-term debt securities with a maturity date of 60 days or less are valued at amortized cost, which approximates fair value. Investments in open-end mutual funds are valued at their closing net asset value (NAV).
The policies and procedures approved by the Funds Board of Directors delegate authority to make fair value determinations to the investment advisor, subject to the oversight of the Board of Directors. The investment advisor has established a valuation committee (Valuation Committee) to administer, implement and oversee the fair valuation process according to the policies and procedures approved annually by the Board of Directors. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.
COHEN & STEERS MLP INCOME AND ENERGY OPPORTUNITY FUND, INC.
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
Securities for which market prices are unavailable, or securities for which the investment advisor determines that the bid and/or ask price or a counterparty valuation does not reflect market value, will be valued at fair value, as determined in good faith by the Valuation Committee, pursuant to procedures approved by the Funds Board of Directors. Circumstances in which market prices may be unavailable include, but are not limited to, when trading in a security is suspended, the exchange on which the security is traded is subject to an unscheduled close or disruption or material events occur after the close of the exchange on which the security is principally traded. In these circumstances, the Fund determines fair value in a manner that fairly reflects the market value of the security on the valuation date based on consideration of any information or factors it deems appropriate. These may include, but are not limited to, recent transactions in comparable securities, information relating to the specific security and developments in the markets.
Foreign equity fair value pricing procedures utilized by the Fund may cause certain non-U.S. equity holdings to be fair valued on the basis of fair value factors provided by a pricing service to reflect any significant market movements between the time the Fund values such securities and the earlier closing of foreign markets.
The Funds use of fair value pricing may cause the NAV of Fund shares to differ from the NAV that would be calculated using market quotations. Fair value pricing involves subjective judgments and it is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of that security.
Fair value is defined as the price that the Fund would expect to receive upon the sale of an investment or expect to pay to transfer a liability in an orderly transaction with an independent buyer in the principal market or, in the absence of a principal market, the most advantageous market for the investment or liability. The hierarchy of inputs that are used in determining the fair value of the Funds investments is summarized below.
| Level 1 quoted prices in active markets for identical investments |
| Level 2 other significant observable inputs (including quoted prices for similar investments, interest rates, credit risk, etc.) |
| Level 3 significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments) |
The inputs or methodology used for valuing investments may or may not be an indication of the risk associated with those investments.
COHEN & STEERS MLP INCOME AND ENERGY OPPORTUNITY FUND, INC.
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
The following is a summary of the inputs used as of August 31, 2018 in valuing the Funds investments carried at value:
Total | Quoted Prices in Active Markets for Identical Investments (Level 1) |
Other Significant Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
|||||||||||||
Master Limited Partnerships and Related Companies |
$ | 391,958,332 | $ | 391,958,332 | $ | | $ | | ||||||||
|
|
|
|
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Preferred Securities$25 Par Value: |
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Utilities |
3,947,250 | 3,479,848 | 467,402 | |||||||||||||
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Other Industries |
12,240,580 | 12,240,580 | | | ||||||||||||
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Preferred SecuritiesCapital Securities |
15,286,862 | | 15,286,862 | | ||||||||||||
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Short-Term Investments |
4,067,902 | | 4,067,902 | | ||||||||||||
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Total Investments in Securities(a) |
$ | 427,500,926 | $ | 407,678,760 | $ | 19,822,166 | $ | | ||||||||
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(a) | Portfolio holdings are disclosed individually on the Schedule of Investments. |
Note 2. Unfunded Commitments
The Fund entered into an agreement to privately purchase 364,800 unregistered Class A shares of Kayne Anderson Acquisition Corp. (the Issuer) at a predetermined price (an arrangement known as a private investment in public equity, or PIPE) on August 7, 2018. The Funds agreement to purchase this PIPE is subject to the Issuer fulfilling certain conditions, including a successful proxy vote by shareholders of the Issuer, which has not yet occurred. When all conditions are met, the Fund will record this commitment and shall be obligated to fund this commitment upon settlement of the purchase transaction. The aggregate value of this commitment is $3,648,000. At August 31, 2018, the Fund had sufficient net assets to cover this commitment.
Item 2. Controls and Procedures
(a) | The registrants principal executive officer and principal financial officer have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective based on their evaluation of these disclosure controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act as of a date within 90 days of the filing of this report. |
(b) | During the last fiscal quarter, there were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting. |
Item 3. Exhibits.
(a) | Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
COHEN & STEERS MLP INCOME AND ENERGY OPPORTUNITY FUND, INC.
By: | /s/ Adam M. Derechin | |
Name: Adam M. Derechin Title: President and Principal Executive Officer | ||
Date: October 26, 2018 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Adam M. Derechin | By: | /s/ James Giallanza | |||||
Name: Adam M. Derechin Title: President and Principal Executive Officer |
Name: James Giallanza Title: Principal Financial Officer | |||||||
Date: October 26, 2018 |