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.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding its September 30, 2022 distribution. The Fund follows a managed distribution policy aiming for long-term returns through predictable monthly distributions. The latest distribution is $0.1360 per share, comprised solely of long-term capital gains. Year-to-date, the Fund has a cumulative total return of -15.64% and a distribution rate of 5.19%. The Fund advises investors that distribution sources may change at year's end based on actual performance.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announces its distribution payment sources for September 30, 2022. The Fund employs a managed distribution policy designed to provide monthly distributions at a fixed rate per share. The upcoming distribution includes $0.08 per share, fully derived from net realized short-term capital gains. The Fund reported a year-to-date cumulative total return of -17.07% as of August 31, 2022, alongside a cumulative distribution rate of 4.96%. The Board may amend the distribution policy, which could impact share prices.
The Cohen & Steers Infrastructure Fund (NYSE: UTF) announced the sources of its distribution to shareholders, payable on September 30, 2022. Implementing a managed distribution policy since March 2015, the Fund aims for steady monthly distributions. The current estimated total distribution is $0.1550 per share, primarily sourced from net investment income, long-term capital gains, and a zero return of capital. The Year-to-Date cumulative total return is reported at -3.06%, with a 5.33% cumulative distribution rate. Actual tax characteristics will be reported in Form 1099-DIV.
The Board of Directors for Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) declared a special distribution of $1.0714 per share, alongside its regular monthly dividend. This distribution, announced on Sept. 26, 2022, includes remaining income and realized capital gains from the previous year, necessary for maintaining the Fund's regulated investment company status. The distribution is taxable for 2022, with the ex-date set for Dec. 07, 2022 and payment due on Dec. 15, 2022.
Cohen & Steers has appointed Richard Hill as Senior Vice President and Head of Real Estate Strategy & Research, a position aimed at enhancing their real estate investment strategies. With over 21 years of experience, Hill previously led U.S. REIT Equity & CRE Debt Research at Morgan Stanley and is recognized as a top analyst. The newly formed Real Estate Strategy Group will focus on identifying long-term real estate trends to optimize client portfolios. Cohen & Steers manages over $56 billion in real estate assets globally.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management of $89.8 billion as of August 31, 2022, reflecting a decrease of $4.2 billion from the previous month. This decline was attributed to market depreciation amounting to $4.2 billion and distributions of $180 million, which were partially offset by net inflows of $197 million. The firm specializes in real assets and alternative income, maintaining a strong presence across global markets.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced the sources of its upcoming distribution on August 31, 2022. The Fund follows a managed distribution policy since December 2012, allowing regular monthly distributions while realizing long-term capital gains. For August 2022, the total distribution per share is $0.0800, comprised entirely of net realized short-term capital gains. Year-to-date, the cumulative total return for fiscal year 2022 is -11.51%, with a cumulative distribution rate of 4.11%. Final tax characteristics will be detailed in Form 1099-DIV.
Cohen & Steers Infrastructure Fund (NYSE: UTF) announced its distribution sources for the upcoming payment on August 31, 2022. The Fund follows a managed distribution policy initiated in March 2015, allowing for regular monthly distributions aimed at achieving long-term returns. The current distribution is $0.1550 per share, comprising $0.0551 from net investment income and $0.0999 from long-term capital gains. The year-to-date cumulative total return as of July 31, 2022, stands at -0.28%, with a cumulative distribution rate of 4.58%.
This press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) details the sources of its upcoming distribution, set for August 31, 2022. The Fund's managed distribution policy, initiated in December 2017, aims to provide regular monthly distributions to shareholders, including long-term and short-term capital gains, and return of capital. The total current distribution for August is $0.1360 per share, entirely derived from long-term capital gains. The current annualized distribution rate is 6.56%, despite a year-to-date cumulative total return of -11.54%.
The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) details the sources of its upcoming distribution on August 31, 2022. The Fund operates under a managed distribution policy initiated in December 2011, aiming to deliver long-term returns through monthly distributions. These may include capital gains and return of capital. The total current distribution for August is $0.0800 per share, consistent with the managed policy. The Fund reported a cumulative total return of -9.92% for 2022 to date, with a current annualized distribution rate of 6.78%.