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 Total Return Realty Fund (NYSE: RFI) announced its upcoming distribution on October 31, 2022. The Fund follows a managed distribution policy established in December 2011, allowing for the fixed monthly distribution of capital gains and net investment income to shareholders. This month’s distribution totals $0.0800 per share. Year-to-date cumulative total return is reported at -24.11%, with a cumulative distribution rate of 6.12% for 2022. Shareholders will receive a Form 1099-DIV for tax reporting.
Cohen & Steers Select Preferred and Income Fund (PSF) announced the distribution details for October 31, 2022. This communication informs shareholders about the distribution sources, which include net investment income and return of capital. The Fund operates under a managed distribution policy, allowing for flexibility in capital gains realization. The year-to-date cumulative total return is reported at -17.22%, while the current annualized distribution rate stands at 7.96%. Shareholders will receive a Form 1099-DIV to report distributions for tax purposes.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced the distribution sources for shareholders, to be paid on October 31, 2022. The Fund has adopted a managed distribution policy to enhance its long-term returns through regular monthly distributions. The current distribution includes components like net investment income and return of capital, totaling $0.0870 per share. However, it is noted that this distribution may reflect a return of capital, which reduces shareholders' tax basis. Year-to-date cumulative total return is reported at -23.50%, with a cumulative distribution rate of 7.71%.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced the distribution payment schedule for October 31, 2022. The fund follows a managed distribution policy aimed at providing regular monthly distributions to shareholders. The current monthly distribution is set at $0.0800 per share. For the fiscal year 2022, the total cumulative distributions amount to $0.8000 per share. As of September 30, 2022, the fund reported a -29.26% year-to-date cumulative total return and a 5.85% cumulative distribution rate, which may impact investor decisions.
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.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced distribution details for shareholders, effective October 31, 2022. The Fund, operating under a managed distribution policy since December 2016, aims to provide regular monthly distributions. The current distribution totals $0.1350 per share, with 70.96% attributed to net investment income. Year-to-date cumulative total return for 2022 stands at -14.98%. Shareholders are advised that a portion of distributions may represent a return of capital, impacting tax basis.
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.