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 (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%.
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.