Cohen & Steers, Inc. reports developments for a global investment manager focused on real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. Company news commonly covers quarterly operating results, preliminary assets under management and net flows, cash dividends on common stock and leadership or distribution organization changes.
Updates also include changes to Cohen & Steers realty indexes, such as the Global Realty Majors Portfolio Index and International Realty Majors Portfolio Index, and notices tied to Cohen & Steers closed-end fund distribution policies.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) has announced its July 2024 distribution details. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For July 2024, the distribution is $0.0800 per share, with sources including:
- 7.00% from Net Investment Income
- 18.63% from Net Realized Long-Term Capital Gains
- 74.37% from Return of Capital
Year-to-date, the Fund has distributed $0.5600 per share. The Fund's year-to-date cumulative total return is -0.07%, with a cumulative distribution rate of 4.89%. The Fund's five-year average annual total return is 4.93%, with a current annualized distribution rate of 8.38%.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced its July 2024 distribution details. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For July 2024, the distribution is $0.1360 per share, entirely sourced from net investment income. Year-to-date distributions total $0.9520 per share. The Fund's year-to-date cumulative total return is 2.84%, with a cumulative distribution rate of 4.64%. Over a five-year period ending June 30, 2024, the Fund's average annual total return is 5.78%, with a current annualized distribution rate of 7.95%.
Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) has announced its July 2024 distribution details. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For July 2024, the distribution is $0.0800 per share, with 24.38% from net investment income and 75.62% from net realized long-term capital gains.
Year-to-date distributions total $0.5600 per share, sourced from net investment income (33.50%), net realized long-term capital gains (36.84%), and return of capital (29.66%). The Fund's year-to-date cumulative total return is -0.39%, with a cumulative distribution rate of 4.49%. The five-year average annual total return ending June 30, 2024, is 5.68%, with a current annualized distribution rate of 7.69%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced its July 2024 distribution details and sources. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. Key points:
- July 2024 distribution: $0.1550 per share
- Sources: 11.94% from net investment income, 88.06% from net realized long-term capital gains
- Year-to-date cumulative total return (as of June 30, 2024): 3.09%
- Current annualized distribution rate: 8.22%
- Five-year average annual total return (ending June 30, 2024): 4.55%
The Fund's distributions may include long-term capital gains, short-term capital gains, net investment income, and/or return of capital. Shareholders are advised not to use this information for tax reporting purposes and will receive a Form 1099-DIV for the calendar year.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) has announced its distribution sources for July 31, 2024, and cumulative distributions for the fiscal year-to-date. The Fund follows a managed distribution policy implemented in December 2021, aiming to deliver long-term total return through regular monthly distributions. For July 2024, the distribution includes 37.36% from net investment income and 62.64% from return of capital. Year-to-date, the Fund's distributions comprise 34.26% net investment income and 65.74% return of capital. The Fund's year-to-date cumulative total return is 12.37%, with a cumulative distribution rate of 5.25%. The Fund's five-year average annual total return is 6.35%, with a current annualized distribution rate of 8.99%.
Cohen & Steers, Inc. (NYSE: CNS) has announced its financial results for the second quarter of 2024, ending June 30. The company will host a conference call on July 18, 2024, at 10:00 a.m. (ET) to discuss these results. Key executives participating in the call include CEO Joseph Harvey, CFO Raja Dakkuri, CIO Jon Cheigh, and EVP Matthew Stadler.
Investors and analysts can access the live conference call by dialing 888-300-4150 (U.S.) or +1-646-970-1530 (international) with passcode 4855092. A replay will be available for two weeks starting July 18, 2024. The webcast will be accessible on the company's website and archived for one month.
Cohen & Steers (NYSE: CNS) announced it will release its second-quarter 2024 results on July 17, 2024, after market close. The earnings release and presentation will be available on the company's website under 'Investor Relations—Earnings Archive.' A conference call will be held on July 18, 2024, at 10:00 a.m. (ET), featuring CEO Joseph Harvey, CFO Raja Dakkuri, CIO Jon Cheigh, and EVP Matthew Stadler. The call can be accessed via webcast or telephone. A replay will be available for two weeks following the call, with the webcast archived for one month.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $80.7 billion as of June 30, 2024, marking an increase of $221 million from May 31, 2024. This growth includes market appreciation of $771 million, countered by distributions of $372 million and net outflows of $178 million. By investment vehicle, institutional advisory accounts saw a minor increase to $18.4 billion, while Japan subadvisory grew to $8.3 billion. However, subadvisory excluding Japan decreased to $5.5 billion. Open-end funds experienced inflows, reaching $37.5 billion, and closed-end funds slightly declined to $11.0 billion.
On June 28, 2024, Cohen & Steers Infrastructure Fund (UTF) announced the sources of its monthly distribution. The Fund follows a managed distribution policy to provide regular monthly distributions, which may include long-term capital gains, short-term capital gains, net investment income, and return of capital. The June 2024 distribution per share is $0.155, comprising $0.0727 from net investment income (46.90%) and $0.0823 from long-term capital gains (53.10%). Year-to-date distributions per share amount to $0.930, with 48.76% from net investment income and 51.24% from long-term capital gains. The Fund's year-to-date cumulative total return is 6.68%, and the five-year average annual total return is 6.23%. The current annualized distribution rate stands at 7.88%. Shareholders will receive final tax reporting on Form 1099-DIV.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding its managed distribution policy and the sources of its distributions for June 28, 2024. Established in December 2017, the policy aims to deliver long-term total returns through fixed monthly distributions. It provides flexibility for the fund to realize and distribute capital gains regularly. The June 2024 distribution of $0.1360 per share is entirely sourced from net investment income, with no contributions from capital gains or return of capital.
The year-to-date cumulative distribution per share amounts to $0.8160, also fully from net investment income. The fund's year-to-date cumulative total return is 1.25%, with a 4.01% cumulative distribution rate. Over the past five years, the average annual total return is 5.91%, and the current annualized distribution rate stands at 8.02%.
Final tax characteristics of distributions will be provided via Form 1099-DIV post-calendar year-end. Shareholders are advised that these figures are estimates and subject to change based on the fund's investment performance and tax regulations.