Welcome to our dedicated page for Cohen & Steers news (Ticker: CNS), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers stock.
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.
The press release from Cohen & Steers Quality Income Realty Fund (NYSE: RQI) informs shareholders about the distribution sources for payments due on March 31, 2023. The Fund adheres to a managed distribution policy established in December 2012, allowing it to distribute capital gains regularly. The upcoming distribution consists entirely of estimated long-term capital gains of $0.08 per share. The Fund's year-to-date cumulative total return stands at 6.77%, with a cumulative distribution rate of 1.86%. Shareholders will receive a Form 1099-DIV for tax reporting purposes at the end of the year.
The Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) announced details about the distribution payments to shareholders, scheduled for March 31, 2023. The Fund's managed distribution policy, implemented in December 2021, allows for regular monthly payments to enhance long-term returns. The current distribution is set at $0.0870 per share, which comprises net investment income and return of capital. Year-to-date cumulative total return is reported at 4.25%, with a cumulative distribution rate of 2.39%. Shareholders should note that a portion of the distribution may be a return of capital, which impacts tax basis rather than taxable income.
The press release from Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) details the distribution sources for shareholders, payable on March 31, 2023. The Fund follows a managed distribution policy initiated in December 2016, enabling regular monthly distributions to enhance total return potential. The current monthly distribution is $0.1350 per common share, comprising $0.1001 net investment income, $0.0349 return of capital, and no capital gains. For fiscal year-to-date, total distributions amount to $0.4050 per share. The Year-to-date Cumulative Total Return stands at 7.26%, with a Current Annualized Distribution Rate of 7.47%. Investors are advised to refer to the Fund's website for further details.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) has announced its distribution for March 31, 2023, following a managed distribution policy initiated in December 2016. This policy aims to provide regular monthly distributions at a fixed rate, enhancing capital gains realization for shareholders. For March, the total current distribution per share is $0.1350, sourced mainly from net investment income ($0.1309 or 96.96%). Cumulatively, year-to-date distributions amount to $0.4050. The fund's year-to-date cumulative total return is 6.23%, with a current annualized distribution rate of 7.43%. Shareholders are advised to consider potential returns of capital and seek Form 1099-DIV for tax purposes.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management of $83.5 billion as of February 28, 2023, reflecting a decrease of $3.8 billion from January 31, 2023. This decline resulted from market depreciation of $3.5 billion, distributions of $185 million, and net outflows totaling $118 million. The company specializes in real assets and alternative income management, headquartered in New York City, with a global presence across major financial hubs.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced details regarding the distribution to shareholders on February 28, 2023. Following a managed distribution policy initiated in December 2021, the Fund aims to provide consistent monthly distributions at a fixed rate. The February distribution includes $0.0870 per share, with 39.89% sourced from net investment income and 60.11% as a return of capital. Year-to-date returns show a cumulative total return of 7.50% against a distribution rate of 1.54%. While the policy allows flexibility in capital gains distributions, changes to it could impact share prices. Shareholders will receive a Form 1099-DIV for tax reporting.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) details the distribution sources for payments made to shareholders on February 28, 2023, and cumulative distributions year-to-date. The Fund has adopted a managed distribution policy designed to optimize long-term returns through regular monthly distributions. The total current distribution for February is $0.1350 per share, comprising $0.1028 from net investment income (76.15%) and $0.0322 from return of capital (23.85%). The year-to-date cumulative total return is 7.32%, while the five-year average annual return stands at 3.74% as of January 31, 2023.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) announced its source of distributions payable on February 28, 2023, as part of its managed distribution policy established in December 2011. This policy aims to provide consistent returns to shareholders through regular monthly distributions, which may include net investment income, capital gains, or return of capital. The total current distribution for February is $0.0800 per share, with a year-to-date cumulative total return of 9.72% as of January 31, 2023. The Fund's five-year average annual total return stands at 7.93%, and the current annualized distribution rate is 7.59%. Shareholders will receive Form 1099-DIV for tax reporting purposes.
The press release from Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE: PSF), dated February 27, 2023, provides details about the sources of a distribution to be paid on February 28, 2023. The Fund operates under a managed distribution policy, aiming for consistent monthly distributions while allowing for capital gain realization throughout the year. The February 2023 distribution is $0.1350 per share, comprising 83.55% net investment income and a return of capital of $0.0222. The Fund's year-to-date cumulative return stands at 9.32%, with a cumulative distribution rate of 1.21% from January 1 to January 31, 2023. Shareholders will receive Form 1099-DIV for tax reporting.
On February 27, 2023, Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced the distribution sources for shareholders scheduled for February 28, 2023. This Fund operates a managed distribution policy to provide consistent monthly returns while allowing flexibility to realize long-term capital gains throughout the year. The total current distribution is $0.1550 per share, with net investment income contributing $0.0909 (58.65%) and net realized long-term capital gains at $0.0637 (41.10%). Year-to-date, the Fund has achieved a cumulative total return of 4.41% and a cumulative distribution rate of 1.23% for fiscal year 2023.