Some of the C&S funds, as well as other CEFs, use leverage and this is not a good time to be in a fund that has to borrow money. Read what the company has to say.http://www.cohenandsteers.com/downloads/AMPS_Market_Update_21508.pdf
Shouldn't be too bad. Libor and Interest rates are both falling and will continue to fall. I see the memo as a "cover your butt" type of memo. It was prudent for them to do so. Another article on Marketwatch calculated the worst case scenario to .15 per share per year.