STOCK TITAN
  1. Home
  2. News
  3. CNS
  4. Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Cohen & Steers REIT and Preferred and Income Fund (RNP) has announced its May 2025 distribution details and sources. The Fund will distribute $0.1360 per share on May 30, 2025, with the following breakdown: 69.56% from net investment income, 13.60% from net realized long-term capital gains, and 16.84% from return of capital. Year-to-date, the Fund has distributed $0.6800 per share. The Fund's performance metrics show a year-to-date total return of 1.37% and a five-year average annual total return of 9.01%. The current annualized distribution rate stands at 7.84% of NAV. The Fund operates under a managed distribution policy implemented in December 2017, aiming to deliver long-term total returns through regular monthly distributions.
Il Cohen & Steers REIT and Preferred and Income Fund (RNP) ha annunciato i dettagli e le fonti della distribuzione di maggio 2025. Il Fondo distribuirà 0,1360 $ per azione il 30 maggio 2025, con la seguente ripartizione: 69,56% da reddito netto da investimenti, 13,60% da plusvalenze nette realizzate a lungo termine e 16,84% da ritorno di capitale. Da inizio anno, il Fondo ha distribuito 0,6800 $ per azione. Le metriche di performance del Fondo mostrano un rendimento totale da inizio anno dell'1,37% e un rendimento totale medio annuo a cinque anni del 9,01%. Il tasso di distribuzione annualizzato attuale è pari al 7,84% del valore patrimoniale netto (NAV). Il Fondo opera secondo una politica di distribuzione gestita implementata nel dicembre 2017, con l'obiettivo di offrire rendimenti totali a lungo termine tramite distribuzioni mensili regolari.
Cohen & Steers REIT and Preferred and Income Fund (RNP) ha anunciado los detalles y fuentes de su distribución para mayo de 2025. El Fondo distribuirá $0.1360 por acción el 30 de mayo de 2025, con la siguiente composición: 69.56% proveniente de ingresos netos por inversiones, 13.60% de ganancias netas realizadas a largo plazo y 16.84% de devolución de capital. En lo que va del año, el Fondo ha distribuido $0.6800 por acción. Las métricas de rendimiento del Fondo muestran un rendimiento total acumulado del 1.37% y un rendimiento total promedio anual a cinco años del 9.01%. La tasa de distribución anualizada actual es del 7.84% del valor neto de los activos (NAV). El Fondo opera bajo una política de distribución gestionada implementada en diciembre de 2017, con el objetivo de ofrecer rendimientos totales a largo plazo mediante distribuciones mensuales regulares.
코헨 & 스티어스 REIT 및 우선주 및 소득 펀드(RNP)는 2025년 5월 배당 세부사항과 출처를 발표했습니다. 이 펀드는 2025년 5월 30일에 주당 $0.1360를 배당할 예정이며, 내역은 다음과 같습니다: 순투자소득에서 69.56%, 장기 실현 순자본이익에서 13.60%, 자본환급에서 16.84%. 올해 누적 배당금은 주당 $0.6800입니다. 펀드의 성과 지표는 연초 대비 총 수익률 1.37%와 5년 평균 연간 총 수익률 9.01%를 보여줍니다. 현재 연환산 배당률은 순자산가치(NAV)의 7.84%입니다. 이 펀드는 2017년 12월 도입된 관리형 배당 정책 하에 운영되며, 정기적인 월별 배당을 통해 장기 총 수익을 제공하는 것을 목표로 하고 있습니다.
Le Cohen & Steers REIT and Preferred and Income Fund (RNP) a annoncé les détails et sources de sa distribution de mai 2025. Le Fonds distribuera 0,1360 $ par action le 30 mai 2025, avec la répartition suivante : 69,56% provenant des revenus nets d'investissement, 13,60% des plus-values nettes réalisées à long terme, et 16,84% du retour de capital. Depuis le début de l'année, le Fonds a distribué 0,6800 $ par action. Les indicateurs de performance du Fonds montrent un rendement total depuis le début de l'année de 1,37% et un rendement total annuel moyen sur cinq ans de 9,01%. Le taux de distribution annualisé actuel s'élève à 7,84% de la valeur liquidative (NAV). Le Fonds fonctionne selon une politique de distribution gérée mise en place en décembre 2017, visant à offrir des rendements totaux à long terme grâce à des distributions mensuelles régulières.
Der Cohen & Steers REIT and Preferred and Income Fund (RNP) hat die Details und Quellen seiner Ausschüttung für Mai 2025 bekanntgegeben. Der Fonds wird am 30. Mai 2025 0,1360 $ pro Aktie ausschütten, mit folgender Aufteilung: 69,56% aus Nettoanlageerträgen, 13,60% aus realisierten langfristigen Kapitalgewinnen und 16,84% aus Kapitalrückzahlung. Im laufenden Jahr hat der Fonds bisher 0,6800 $ pro Aktie ausgeschüttet. Die Performance-Kennzahlen des Fonds zeigen eine Gesamtrendite seit Jahresbeginn von 1,37% und eine durchschnittliche jährliche Gesamtrendite über fünf Jahre von 9,01%. Die derzeitige annualisierte Ausschüttungsquote beträgt 7,84% des Nettoinventarwerts (NAV). Der Fonds operiert unter einer im Dezember 2017 eingeführten verwalteten Ausschüttungspolitik, die darauf abzielt, langfristige Gesamtrenditen durch regelmäßige monatliche Ausschüttungen zu erzielen.
Positive
  • Strong five-year average annual total return of 9.01%
  • High current annualized distribution rate of 7.84%
  • Majority of distribution (69.56%) comes from net investment income, indicating quality of earnings
  • Consistent monthly distribution policy provides regular income to shareholders
Negative
  • 16.84% of current distribution represents return of capital, which reduces shareholders' cost basis
  • Modest year-to-date total return of only 1.37%
  • No short-term capital gains in distributions, indicating potential limited trading profits

Insights

Cohen & Steers fund shows solid 9.01% five-year returns while maintaining distributions partly from capital, indicating potential sustainability concerns.

This distribution notice provides critical insights into RNP's financial mechanics and sustainability. The fund's current distribution of $0.1360 per share shows a composition that warrants investor attention - 69.56% comes from net investment income, 13.60% from long-term capital gains, and notably, 16.84% represents return of capital.

The year-to-date metrics reveal a more concerning picture. While 79.13% of distributions have been covered by net investment income and 5.12% by long-term gains, a substantial 15.75% has been return of capital - essentially giving investors back their own money. This indicates the fund is distributing more than it's earning.

Performance metrics provide important context. The fund's year-to-date return is only 1.37% through April 30, yet it has already distributed 3.27% of NAV. The five-year average annual return of 9.01% is respectable, but the current annualized distribution rate of 7.84% is consuming a large portion of potential total return.

The managed distribution policy implemented in 2017 allows the fund to deliver consistent monthly payments by potentially tapping into capital when necessary. While this creates payment predictability, the substantial return of capital component raises questions about long-term sustainability, especially in weaker market environments. Investors should closely monitor whether this distribution level can be maintained without continued erosion of capital.

NEW YORK, May 22, 2025 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the "Fund") with information regarding the sources of the distribution to be paid on May 30, 2025 and cumulative distributions paid fiscal year-to-date.

In December 2017, 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 monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly 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 monthly 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 real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to the Fund after year-end by REITs held by the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

At the time of each monthly 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 calendar year. 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

May 2025

YEAR-TO-DATE (YTD)

May 31, 2025*

Source

Per Share
Amount

% of Current
Distribution

Per Share
Amount

% of 2025
Distributions

Net Investment Income

$0.0946

69.56 %

$0.5381

79.13 %

Net Realized Short-Term Capital Gains

$0.0000

0.00 %

$0.0000

0.00 %

Net Realized Long-Term Capital Gains

$0.0185

13.60 %

$0.0348

5.12 %

Return of Capital (or other Capital Source)

$0.0229

16.84 %

$0.1071

15.75 %

Total Current Distribution

$0.1360

100.00 %

$0.6800

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 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 THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES

The Fund's Year-to-date Cumulative Total Return for fiscal year 2025 (January 1, 2025 through April 30, 2025) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2025. In addition, the Fund's Average Annual Total Return for the five-year period ending April 30, 2025 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2025. The performance and distribution rate information disclosed in the table 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:

Year-to-date January 1, 2025 to April 30, 2025

Year-to-date Cumulative Total Return1

1.37 %

Cumulative Distribution Rate2

3.27 %


Five-year period ending April 30, 2025

Average Annual Total Return3

9.01 %

Current Annualized Distribution Rate4

7.84 %

1.

Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the 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 (January 1, 2025 through May 31, 2025) measured
on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of April 30,
2025.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for
the five-year period ending April 30, 2025. 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 April 30, 2025.

 

Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.

Shareholders should not use the information provided here 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.

Website: https://www.cohenandsteers.com/
Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Cision View original content:https://www.prnewswire.com/news-releases/cohen--steers-reit-and-preferred-and-income-fund-inc-rnp-notification-of-sources-of-distribution-under-section-19a-302463774.html

SOURCE Cohen & Steers, Inc.

FAQ

What is the current distribution amount for Cohen & Steers RNP Fund in May 2025?

The Cohen & Steers RNP Fund will distribute $0.1360 per share on May 30, 2025.

What is the source breakdown of RNP Fund's May 2025 distribution?

The May 2025 distribution consists of 69.56% from net investment income, 13.60% from net realized long-term capital gains, and 16.84% from return of capital.

What is RNP Fund's five-year average annual total return as of April 2025?

The Fund's five-year average annual total return is 9.01% for the period ending April 30, 2025.

What is the current annualized distribution rate for RNP Fund?

The current annualized distribution rate is 7.84% of NAV as of April 30, 2025.

When did RNP implement its managed distribution policy?

The Fund implemented its managed distribution policy in December 2017.
Stock CNS logo
Cohen & Steers Inc

NYSE:CNS

CNS Rankings

#1397 Ranked by Market Cap
#1077 Ranked by Dividends

CNS Latest News

May 22, 2025
Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)
May 22, 2025
Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)
May 22, 2025
Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Notification of Sources of Distribution Under Section 19(a)
May 22, 2025
Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)
May 14, 2025
Cohen & Steers and IDR Investment Management Partner to Launch Tactical Listed and Private Real Estate Strategy

CNS Stock Data

4.18B
27.43M
46.43%
59.41%
3.52%
Asset Management
Investment Advice
Link
United States
NEW YORK