Cohen & Steers Inc Stock Price, News & Analysis

The Boards of Directors of the Cohen & Steers Closed-End Funds announced monthly distributions for January, February, and March 2023. Key dividends are as follows: FOF: $0.087, LDP: $0.135, PSF: $0.135, PTA: $0.134, RFI: $0.080, RLTY: $0.104, RNP: $0.136, RQI: $0.080, UTF: $0.155. Notably, the Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has increased its monthly distribution by $0.004 to $0.134 per share, reflecting current market conditions.

Cohen & Steers reported preliminary assets under management of $84.2 billion as of November 30, 2022, showing an increase of $4.2 billion from October. The gain was primarily driven by market appreciation of $4.6 billion, although net outflows accounted for $252 million and distributions were $177 million.

This reflects the company's ongoing market dynamics and investor behavior in a challenging economic environment.

The press release discusses the distribution payment details for Cohen & Steers Limited Duration Preferred and Income Fund (LDP) slated for November 30, 2022. It outlines the managed distribution policy established in December 2016, which allows for regular monthly distributions aimed at maximizing long-term returns. For November 2022, the total current distribution per share is $0.1350, with 87.93% attributed to net investment income. The Fund also reports a year-to-date cumulative total return of -14.34% as of October 31, 2022, indicating a decline in performance amid ongoing market conditions.

The press release from Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announces the upcoming distribution on November 30, 2022, and cumulative distributions year-to-date. The Fund has implemented a managed distribution policy since December 2021 aimed at delivering long-term total returns via regular monthly payments. The distribution may include net investment income, capital gains, and return of capital which reduces a shareholder's tax basis. The Fund's Year-to-date Cumulative Total Return for 2022 is reported at -19.83%, with a Cumulative Distribution Rate of 9.06%. Final tax characteristics will be disclosed via Form 1099-DIV.

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced its distribution sources for November 30, 2022. The Fund employs a managed distribution policy, allowing for flexibility in delivering long-term capital gains through regular monthly distributions. The current distribution totals $0.1350 per share, comprising net investment income (88.81%), along with a small portion as return of capital (11.19%). The Fund reports a -17.24% year-to-date cumulative total return, with a cumulative distribution rate of 7.36% for 2022.

The Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced details regarding its monthly distribution set for November 30, 2022. Under its managed distribution policy, the Fund aims to provide consistent monthly distributions, offering shareholders flexibility to realize long-term capital gains. The November distribution amounts to $0.0800 per share, sourced entirely from net investment income. However, the cumulative total return for the year to October 31, 2022, stands at a decline of 27.59%, while the average annual total return over five years is 6.24%. Potential changes to the distribution policy could impact share prices.

Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its distribution details for November 30, 2022. The Fund adheres to a managed distribution policy that aims to provide monthly distributions at a fixed rate, fostering long-term capital gains realization. For November 2022, the total distribution is $0.1550 per share, while cumulative distributions year-to-date are $1.7050 per share. Notably, the Fund reported a year-to-date cumulative total return of -12.66% and a cumulative distribution rate of 7.33% as of October 31, 2022.

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced details about its upcoming distribution on November 30, 2022, and cumulative distributions for the fiscal year. The Fund follows a managed distribution policy aimed at providing regular monthly distributions to shareholders. For November, the total current distribution is $0.1360 per share, with 85.59% coming from net realized short-term capital gains. Shareholders will receive Form 1099-DIV for accurate reporting of distributions for tax purposes after the year ends.