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 Board of Directors of the Cohen & Steers Quality Income Realty Fund (NYSE: RQI) has announced a year-end capital gain distribution of $0.237 per share. This distribution, in addition to the regular monthly dividend, aims to fulfill the Fund's 2022 federal excise tax requirements. Important dates include the declaration on December 13, 2022, ex-date on December 27, 2022, record date on December 28, 2022, and payment date on January 9, 2023. The Fund's managed distribution policy allows for flexibility in distributing long-term capital gains, but the Board may change this policy at any time.
The Board of Directors of Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced a year-end capital gain distribution of $0.266 per share, payable on January 9, 2023. This distribution is intended to meet the Fund's 2022 distribution requirement for federal excise tax purposes. Shareholders will receive information regarding the tax characteristics of the distributions via Form 1099-DIV. The Fund has a managed distribution policy aiming for regular distributions based on its long-term gains, but the policy may be altered by the Board, impacting share prices.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the sources for its special distribution, to be paid on December 15, 2022. The Fund has a managed distribution policy aimed at providing regular monthly distributions while allowing flexibility for long-term capital gains. For December 2022, the total current distribution is $1.0714 per share, composed of $0.5531 net investment income and $0.5183 net realized short-term capital gains. The year-to-date cumulative total return is -19.54%, while the cumulative distribution rate stands at 12.25%.
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.
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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.