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 (NYSE: RFI) announced details on the distribution to be paid on May 31, 2024, and cumulative distributions for the fiscal year. The Fund follows a managed distribution policy to deliver long-term total returns through fixed monthly distributions. Distributions may include capital gains, net investment income, or return of capital. The Fund's Board can amend this policy anytime, potentially impacting the Fund's market price.
For May 2024, the distribution is $0.0800 per share, primarily from long-term capital gains (88.62%). Year-to-date, distributions total $0.4000 per share, with 58.74% being a return of capital. The Fund reported a YTD cumulative total return of -6.79% and a five-year average annual total return of 4.00% as of April 30, 2024. Investors should note that return of capital reduces their tax basis and is not immediately taxable.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) has announced the sources of its distribution to be paid on May 31, 2024. The distribution includes 35.86% from net investment income and 64.14% from return of capital. The Fund implemented a managed distribution policy in December 2021 to provide regular monthly distributions at a fixed rate per share. This policy allows for flexibility in realizing and distributing long-term capital gains. The Fund's year-to-date cumulative total return through April 30, 2024, is 5.92%, with a cumulative distribution rate of 3.92%, and a five-year average annual total return of 5.43%. The policy may be amended or terminated by the Board of Directors, potentially affecting the market price of the Fund's shares. Shareholders will receive detailed tax information on Form 1099-DIV after the calendar year-end.
Cohen & Steers, Inc. (NYSE: CNS) reported preliminary assets under management of $77.2 billion as of April 30, 2024, showing a decrease of $4.1 billion from the previous month. The decrease was primarily due to market depreciation, net outflows, and distributions. The total AUM for the company stood at $77.2 billion.
Cohen & Steers, Inc. (CNS) announced a quarterly cash dividend of $0.59 per share for the second quarter of 2024, payable on May 23, 2024, to stockholders of record by May 13, 2024.
Cohen & Steers Quality Income Realty Fund, Inc. (RQI) provides shareholders with a distribution update, detailing sources of payments and fiscal year-to-date distributions. The managed distribution policy aims to deliver long-term total return potential through regular monthly distributions. The Fund's distributions may include various sources like long-term capital gains, short-term capital gains, net investment income, and return of capital. Shareholders should be aware that distributions may include a return of capital, not necessarily reflecting investment performance. The Fund's performance and distribution rate information is disclosed based on net asset value per share.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) announced the sources of distribution for April 30, 2024, and year-to-date cumulative distributions. The managed distribution policy aims to deliver long-term total return potential through regular monthly distributions declared at a fixed rate. The distributions may include long-term capital gains, short-term capital gains, net investment income, and return of capital. Shareholders should not draw investment performance conclusions from distribution amounts. The Fund's performance and distribution rate information for the fiscal year 2024 is provided, based on net asset value per share (NAV).
Cohen & Steers Total Return Realty Fund, Inc. (RFI) provided information on sources of distribution for shareholders, with a managed distribution policy in place since December 2011. The policy aims to deliver long-term total return potential through regular monthly distributions, including various sources like capital gains and return of capital. The distribution estimates for April 2024 were detailed, with a breakdown of sources and percentages for the current distribution and year-to-date distributions. Shareholders were reminded not to base investment performance solely on distributions and to be aware of potential return of capital. The Fund's Year-to-date Cumulative Total Return and performance metrics were also disclosed.
Cohen & Steers Infrastructure Fund, Inc. (UTF) provides information about its distribution to shareholders and cumulative distributions paid. The managed distribution policy ensures regular monthly distributions based on various sources. Shareholders may receive long-term capital gains, income, and return of capital. The Fund's distributions are not indicative of investment performance. The Fund's performance and distribution rates are disclosed, allowing shareholders to understand total return and distribution relationships.
Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) provided shareholders with details about the sources of their upcoming distribution and cumulative distributions for the fiscal year. The managed distribution policy aims to deliver long-term total return potential through regular monthly distributions, including capital gains and income. However, the board can alter this policy at any time, impacting the market price of shares. The distributions may contain various sources, such as net investment income and return of capital, which may not reflect the Fund's actual performance. The final tax characteristics of distributions will be confirmed on Form 1099-DIV after the calendar year ends. Shareholders will receive a detailed breakdown of the current distribution and YTD distributions, with the majority coming from return of capital.
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