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 REIT and Preferred and Income Fund (NYSE: RNP) outlines the distribution sources for payments on October 31, 2022. The Fund operates under a managed distribution policy, allowing for regular monthly payouts that include capital gains and return of capital. The October distribution totals $0.1360 per share, all sourced from long-term capital gains. Year-to-date, the Fund reports a cumulative total return of -25.05% and a cumulative distribution rate of 5.88%. Shareholders will receive Form 1099-DIV at year-end for tax reporting.
The Cohen & Steers Infrastructure Fund (NYSE: UTF) announced its distribution details for October 31, 2022. The fund's managed distribution policy aims to deliver consistent monthly distributions, which may include capital gains and return of capital. The total current distribution for October is $0.1550 per share, comprising predominantly long-term capital gains. Year-to-date cumulative total return for 2022 stands at -16.04%, while the cumulative distribution rate is 6.19%. Shareholders will receive a Form 1099-DIV for tax reporting at year-end.
Cohen & Steers, Inc. (NYSE: CNS) reported its operating results for Q3 2022, emphasizing its performance in real assets and alternative income. The results will be discussed in a conference call on October 20, 2022, at 10:00 a.m. ET, hosted by key executives, including CEO Joseph Harvey. Investors can access the call by dialing either 800-926-9795 or +1-212-231-2921. The company, founded in 1986, specializes in investment management with a global presence in various financial hubs, including New York and London.
Cohen & Steers, Inc. (NYSE: CNS) will announce its third quarter 2022 operating results on October 19, 2022, after market close. The earnings release will be accessible on the company's website. A conference call is scheduled for October 20, 2022, at 10:00 a.m. ET, featuring CEO Joseph Harvey and other executives discussing the results and outlook. Investors can join via phone or webcast. An archived replay will be available for two weeks post-call. Cohen & Steers specializes in investment management in real assets and alternative income.
Cohen & Steers reported preliminary assets under management of $79.2 billion as of September 30, 2022, reflecting a decline of $10.6 billion from August 31, 2022. This decrease was attributed to market depreciation of $9.2 billion, net outflows of $1.1 billion, and distributions totaling $318 million. The firm's focus remains on real assets and alternative income investments.
Cohen & Steers (NYSE: CNS) announced the appointment of Kazuya Yuasa as Senior Vice President, effective immediately. He will succeed Ken Itai as Head of Cohen Steers Japan Limited on January 1, 2023. Yuasa, who brings over 30 years of financial services experience, previously held a Managing Director position at Wellington Management, focusing on institutional relationship development. CEO Joe Harvey emphasized Yuasa's expertise in the Japanese market, predicting that his leadership will bolster the firm's growth in Japan.
The press release from Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) details the distribution sources for payments scheduled on September 30, 2022. Following a managed distribution policy initiated in December 2021, the Fund aims to provide steady monthly distributions. For September 2022, the total distribution per share is estimated at $0.0870, with net investment income making up 48.62% of this amount. However, a portion may be a return of capital, which could impact shareholders' tax obligations. The Fund's year-to-date cumulative total return is -15.28%, while the cumulative distribution rate is 6.90%.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution payment schedule for September 30, 2022. Since December 2016, the Fund has operated under a managed distribution policy aimed at facilitating regular monthly distributions. The current distribution is estimated at $0.1350 per share, which comprises net investment income and potential return of capital. Year-to-date cumulative total return from January 1 to August 31, 2022, stands at -10.53%, while the cumulative distribution rate is 5.63%.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced details regarding its upcoming distribution scheduled for September 30, 2022, under its managed distribution policy initiated in December 2016. This policy aims to offer regular monthly distributions while allowing the Fund flexibility to realize long-term capital gains. For September 2022, the total current distribution per share is $0.1350. Cumulative Year-to-Date distributions amount to $1.2150, marking a distribution rate of 5.61%. Notably, the Fund's Year-to-date cumulative total return is reported at -12.53%.
Cohen & Steers Total Return Realty Fund (RFI) announced its September 30, 2022 distributions, which include sources such as net investment income, net realized capital gains, and return of capital. The managed distribution policy implemented in December 2011 aims to provide shareholders with regular monthly distributions. As of August 31, 2022, the fund reported a year-to-date cumulative total return of -14.50% and a cumulative distribution rate of 5.39%. Shareholders will receive Form 1099-DIV detailing tax reporting for these distributions.