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 Total Return Realty Fund (RFI) provides details about the distribution scheduled for March 31, 2023. The Fund follows a managed distribution policy since December 2011, aiming for stable monthly distributions while allowing capital gain realization throughout the year. The current distribution is $0.0800 per share, with 74.75% coming from net investment income. The year-to-date cumulative total return for fiscal year 2023 is 4.66%, while the average annual total return over the last five years is 8.35%. Shareholders receive Form 1099-DIV for tax reporting, and distributions may vary based on market conditions.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its distribution details for March 31, 2023. The Fund follows a managed distribution policy aimed at delivering long-term returns through monthly fixed-rate distributions. The current distribution of $0.1550 per share consists of net investment income, short-term and long-term capital gains, with a portion possibly being a return of capital. The Fund's year-to-date cumulative total return as of February 28, 2023, is -1.22%, with a cumulative distribution rate of 1.96%. Investors are cautioned that a return of capital might not reflect the performance of the Fund's investments.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) announced its distribution sources ahead of the payment on March 31, 2023. The Fund's managed distribution policy, initiated in December 2017, allows for regular monthly distributions based on long-term capital gains. The current distribution totals $0.1360 per share, entirely attributed to long-term capital gains. Year-to-date cumulative total return as of February 28, 2023, is 6.95%, with a cumulative distribution rate of 1.92%. The Fund's five-year average annual total return stands at 8.80%, alongside a current annualized distribution rate of 7.69%. These distributions are affected by various factors including market conditions.
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.