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 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.
The Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced its distribution payment schedule for February 28, 2023. The Fund follows a managed distribution policy enabling regular monthly payouts, potentially including long-term capital gains, short-term capital gains, and return of capital. The total current distribution for February is $0.0800 per share, with cumulative distributions for the year at $0.1600. The Fund's year-to-date cumulative total return is reported at 13.39%, alongside a cumulative distribution rate of 1.16%. Shareholders are advised that distributions may vary based on portfolio and market conditions.
The press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) details the distribution payments to shareholders scheduled for February 28, 2023. The Fund has a managed distribution policy established in December 2017 to provide regular monthly distributions aimed at enhancing total return potential through capital gains. The February distribution is noted as $0.1360 per share, entirely comprising long-term capital gains. Shareholders will receive a Form 1099-DIV for tax reporting purposes. Year-to-date cumulative total return for 2023 is reported at 11.52%, with a cumulative distribution rate of 1.22%. The current annualized distribution rate stands at 7.32%.
The Board of Directors of Cohen & Steers (NYSE: CNS) has declared a cash dividend of $0.57 per share for the first quarter of 2023, marking a 3.6% increase from the previous quarter's dividend of $0.55. This dividend is scheduled for payment on March 16, 2023 to stockholders on record as of March 6, 2023. Cohen & Steers is a premier global investment manager focusing on real assets and alternative income, with its headquarters in New York City and locations in London, Dublin, Hong Kong, and Tokyo.