Alternative Income Fund

The Board of Directors of Cohen & Steers Alternative Income Fund, Inc. (the “Fund”) approved a plan to close and liquidate the fund on or about February 26, 2024 (the “Liquidation Date”), and as noted in the Fund’s supplement filed December 13, 2023, the Fund has departed from its stated investment objectives and policies and ceased all investment operations except as necessary to complete its liquidation. Accordingly, the Fund has converted substantially all of its portfolio securities to cash or cash equivalents in anticipation of distributing pro rata to the Fund’s stockholders of record as of the close of business on the Liquidation Date all of the remaining assets of the Fund, after paying, or setting aside the amount to pay, any liabilities. Additionally, effective January 1, 2024, the Fund’s investment advisor is waiving its management fee of 0.70%.

Potential for high, tax-advantaged income that’s greater compared to traditional income sources

Diversification potential: Integrating and managing difficult-to-access income streams

Alternative income securities tend to perform well during rising interest rate and inflationary environments