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 informs shareholders of Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) about the August 31, 2022 distribution sources. The Fund employs a managed distribution policy to provide regular monthly payments. The current distribution totals $0.1350 per share, with 84.37% derived from net investment income. Cumulative total return for fiscal 2022 is reported at -11.13%, while the current annualized distribution rate is 7.32%. Shareholders should be aware that distribution amounts may vary and include returns of capital, which are not taxable but reduce their tax basis.
The press release discusses the Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) distribution set for August 31, 2022. The Fund employs a managed distribution policy, allowing regular monthly distributions based on a fixed per-share rate. This flexibility supports long-term capital gains realization. In 2022, the Fund’s year-to-date cumulative total return was -9.65%, with a cumulative distribution rate of 4.92%. Key distribution sources include net investment income and return of capital, impacting shareholders' tax basis.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced its distribution sources for August 31, 2022. The Fund follows a managed distribution policy to provide regular payments to shareholders, allowing for flexibility in capital gains realization. The total current distribution for August is $0.0870 per share, with net investment income contributing $0.0402 (46.21%). Year-to-date, the Fund has yielded a cumulative total return of -12.96% and a cumulative distribution rate of 5.92%. The Board may amend this policy, potentially affecting share prices.
Cohen & Steers (NYSE: CNS) announced upcoming changes to its Realty Majors Portfolio Index (RMP), Global Realty Majors Portfolio Index (GRM), and International Realty Majors Portfolio Index (IRP), effective August 19, 2022. The changes include adding Kimco Realty Co. (KIM.US) to both RMP and GRM, while Ventas, Inc. (VTR.US) will be removed from these indexes. Additionally, the IRP will see LXI REIT Plc. (LXI.LN) added and Londonmetric Property Plc. (LMP.LN) removed. These indexes reflect top real estate securities globally and are recalibrated independently by S&P.
Cohen & Steers reported preliminary assets under management of $94.0 billion as of July 31, 2022, reflecting an increase of $6.1 billion from June 30, 2022. The growth was attributed to net inflows of $327 million and market appreciation of $6.0 billion, despite distributions totaling $183 million. The firm specializes in real assets and alternative income, maintaining a global presence with headquarters in New York City.
The Board of Directors of Cohen & Steers declared a cash dividend of $0.55 per share for Q3 2022. This dividend is payable on August 25, 2022, to shareholders of record as of August 15, 2022. Cohen & Steers specializes in real assets and alternative income management, with headquarters in New York City and offices in several key global locations including London and Tokyo.
Cohen & Steers Infrastructure Fund (NYSE: UTF) will distribute $0.1550 per share on July 29, 2022. This is part of its managed distribution policy initiated in 2015, designed to enhance long-term returns through regular payments. The distribution may consist of net investment income, realized capital gains, or return of capital. As of June 30, 2022, the fund reported a year-to-date cumulative total return of -6.45% and a cumulative distribution rate of 4.24%. The final tax characteristics of distributions will be confirmed on Form 1099-DIV after the fiscal year-end.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced the distribution sources for the payment due on July 29, 2022. The Fund follows a managed distribution policy since December 2012, designed to provide regular monthly distributions and enhance long-term total return. July's distribution includes $0.0800 per share sourced entirely from net realized short-term capital gains. Year-to-date cumulative total return as of June 30, 2022, stands at -19.98%, while the cumulative distribution rate is 3.95%. Shareholders will receive Form 1099-DIV for tax reporting purposes.
On July 20, 2022, Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) announced details regarding its distribution payment on July 29, 2022. The Fund follows a managed distribution policy initiated in December 2017, allowing for flexibility in distributing regular monthly returns to shareholders. For July 2022, the total distribution per share is estimated at $0.1360, comprised entirely of long-term capital gains. Year-to-date cumulative total return is reported at -18.71%, contrasted with a cumulative distribution rate of 4.14% for 2022.
The press release from Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) informs shareholders about the sources of their upcoming distribution scheduled for July 29, 2022. The Fund's managed distribution policy, in place since December 2011, aims to provide regular monthly distributions and flexibility to realize long-term capital gains. The current distribution of $0.0800 per share consists entirely of net investment income. Year-to-date cumulative total return is reported at -16.62%, while the cumulative distribution rate stands at 4.25%. Shareholders will receive a Form 1099-DIV for tax reporting purposes.