Income Opportunities REIT

Real estate is the third largest asset class. Both income and growth oriented Fixed Income $53T total U.S. debt outstanding(1) Real Equities Estate $21T U.S. commercial real estate market(2) $51T total U.S. stock market capitalization (3) Yield-oriented Growth-oriented As of December 31, 2022. Securities Industry and Financial Markets Association (SIFMA), NAREIT. There is no guarantee that any historical trend illustrated above will be repeated in the future, and there is no way to predict precisely when such a trend might begin There is no guarantee investment objectives will be achieved. The views and opinions are as of the date of publication and are subject to change without notice. (1) Securities Industry and Financial Markets Association (SIFMA) as of December 31, 2021. (2) NAREIT as of June 30, 2021. (3) Securities Industry and Financial Markets Association (SIFMA) as of September 30, 2022. 8 COHEN & STEERS

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