Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Total Return Realty Fund (NYSE: RFI) has announced its November 2024 distribution details and year-to-date performance. The Fund's distribution of $0.0800 per share comprises 18% from net investment income, 4.50% from short-term capital gains, 55.25% from long-term capital gains, and 22.25% from return of capital. The Fund's year-to-date cumulative total return through October 31, 2024, is 10.59%, with a current annualized distribution rate of 7.77%. The Fund's five-year average annual total return ending October 31, 2024, stands at 5.29%.
Il Cohen & Steers Total Return Realty Fund (NYSE: RFI) ha annunciato i dettagli della distribuzione per novembre 2024 e le performance dall'inizio dell'anno. La distribuzione del Fondo di $0.0800 per azione è composta per il 18% da reddito netto da investimenti, per il 4,50% da guadagni in conto capitale a breve termine, per il 55,25% da guadagni in conto capitale a lungo termine e per il 22,25% da restituzione di capitale. Il ritorno cumulativo totale del Fondo dall'inizio dell'anno fino al 31 ottobre 2024 è del 10,59%, con un tasso di distribuzione annualizzato attuale del 7,77%. Il ritorno totale medio annuale del Fondo su cinque anni, che termina il 31 ottobre 2024, è pari al 5,29%.
El Cohen & Steers Total Return Realty Fund (NYSE: RFI) ha anunciado los detalles de su distribución para noviembre de 2024 y su rendimiento hasta la fecha. La distribución del Fondo de $0.0800 por acción se compone de un 18% de ingresos netos por inversiones, un 4,50% de ganancias de capital a corto plazo, un 55,25% de ganancias de capital a largo plazo y un 22,25% de devolución de capital. El rendimiento total acumulado del Fondo hasta el 31 de octubre de 2024 es del 10,59%, con una tasa de distribución anualizada actual del 7,77%. El rendimiento total anual promedio del Fondo en cinco años que termina el 31 de octubre de 2024 es del 5,29%.
코헨 & 스티어스 총 수익 부동산 펀드 (NYSE: RFI)는 2024년 11월 배당금 세부사항과 연초 이후 성과를 발표했습니다. 펀드의 배당금 $0.0800 per share는 순투자소득 18%, 단기 자본이득 4.50%, 장기 자본이득 55.25%, 자본 반환 22.25%로 구성되어 있습니다. 2024년 10월 31일 기준 펀드의 연초 누적 총 수익률은 10.59%이며, 현재 연환산 배당율은 7.77%입니다. 2024년 10월 31일로 종료되는 펀드의 5년 평균 연간 총 수익률은 5.29%입니다.
Le Cohen & Steers Total Return Realty Fund (NYSE: RFI) a annoncé les détails de sa distribution de novembre 2024 ainsi que ses performances jusqu'à présent cette année. La distribution du Fonds de $0.0800 par action se compose de 18% de revenus nets de placements, de 4,50% de gains en capital à court terme, de 55,25% de gains en capital à long terme et de 22,25% de retour de capital. Le rendement total cumulé du Fonds jusqu'au 31 octobre 2024 est de 10,59%, avec un taux de distribution annualisé actuel de 7,77%. Le rendement total moyen annuel du Fonds sur cinq ans se terminant le 31 octobre 2024 s'élève à 5,29%.
Der Cohen & Steers Total Return Realty Fund (NYSE: RFI) hat die Einzelheiten seiner Ausschüttung für November 2024 sowie die Jahresbilanz bis zu diesem Zeitpunkt bekannt gegeben. Die Ausschüttung des Fonds von $0.0800 pro Aktie setzt sich zu 18% aus Nettoinvestitionseinkommen, zu 4,50% aus kurzfristigen Kapitalgewinnen, zu 55,25% aus langfristigen Kapitalgewinnen und zu 22,25% aus der Rückzahlung von Kapital zusammen. Der kumulierte Gesamtertrag des Fonds bis zum 31. Oktober 2024 beträgt 10,59%, mit einem aktuellen annualisierten Ausschüttungszinssatz von 7,77%. Der durchschnittliche jährliche Gesamtertrag des Fonds über fünf Jahre bis zum 31. Oktober 2024 liegt bei 5,29%.
- Year-to-date cumulative total return of 10.59%
- High current annualized distribution rate of 7.77%
- Majority of distribution (77.75%) comes from income and capital gains
- 22.25% of current distribution represents return of capital, which reduces shareholders' tax basis
- Five-year average annual total return of 5.29% is relatively modest
Insights
This distribution notice reveals significant insights into RFI's portfolio performance and distribution strategy. The fund's distribution composition shows a healthy
The
In December 2011, 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 | November 2024 | YEAR-TO-DATE (YTD) November 30, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 18.00 % | 28.52 % | ||
Net Realized Short-Term Capital Gains | 4.50 % | 13.38 % | ||
Net Realized Long-Term Capital Gains | 55.25 % | 52.91 % | ||
Return of Capital (or other Capital Source) | 22.25 % | 5.19 % | ||
Total Current Distribution | 100.00 % | 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 2024 (January 1, 2024 through October 31, 2024) 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 2024. In addition, the Fund's Average Annual Total Return for the five-year period ending October 31, 2024 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2024. 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, 2024 to October 31, 2024 | |
Year-to-date Cumulative Total Return1 | 10.59 % |
Cumulative Distribution Rate2 | 7.12 % |
Five-year period ending October 31, 2024 | |
Average Annual Total Return3 | 5.29 % |
Current Annualized Distribution Rate4 | 7.77 % |
1. | Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period |
2. | Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2024 through November 30, 2024) |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for |
4. | The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage |
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
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.
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SOURCE Cohen & Steers, Inc.
FAQ
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