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 Cohen & Steers Real Estate Opportunities and Income Fund (RLTY) declared its first monthly distribution of $0.104 per share for April 2022, reflecting an annualized distribution rate of 6.24% based on the $20.00 IPO price. Additional distributions for May and June 2022 were also announced. The Fund will trade under the ticker RLTY since its launch on February 24, 2022. Distributions may vary based on portfolio performance and market conditions, and further details will be disclosed monthly at cohenandsteers.com.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced the sources of its distribution to shareholders, scheduled for March 31, 2022. The Fund has adopted a managed distribution policy, allowing it to distribute long-term capital gains regularly. The monthly distributions comprise net investment income, capital gains, and return of capital. As of March 2022, the total current distribution is $0.0870 per share. The Fund reported a -7.32% total return year-to-date and maintains a current annualized distribution rate of 8.04%.
Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution sources effective March 31, 2022. Under a managed distribution policy initiated in December 2016, the Fund aims to provide regular monthly distributions, offering flexibility for long-term capital gains realization. Shareholders may receive distributions from net investment income, capital gains, or return of capital. For 2022, the total current distribution is $0.1350 per share, and the cumulative distribution year-to-date is $0.4050 per share. Returns include a -4.92% YTD return as of February 28, 2022.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced details of the distribution to be paid on March 31, 2022. The Fund operates under a managed distribution policy, allowing it to provide regular monthly distributions, enhancing flexibility for capital gains realization. For March 2022, the distribution is set at $0.1350 per share, consisting entirely of net investment income. Cumulative distributions for the fiscal year have reached $0.4050 per share. The Fund's year-to-date cumulative total return is reported at -6.02%, with a cumulative distribution rate of 1.68%.
The press release from Cohen & Steers Infrastructure Fund (UTF) details the sources of its upcoming distribution set for March 31, 2022, and cumulative distributions for the fiscal year to date. Established in March 2015, the managed distribution policy aids in delivering long-term returns through regular monthly distributions. The March distribution totals $0.1550 per share, sourced from net realized short-term and long-term capital gains. Year-to-date cumulative total return stands at -5.34%, contrasting with a 7.03% current annualized distribution rate. Shareholders will receive a Form 1099-DIV for tax purposes.
The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) provides details on the distribution payment scheduled for March 31, 2022, and the cumulative distributions year-to-date. The Fund has a managed distribution policy established in December 2011 to deliver consistent returns through monthly distributions. The current distribution includes $0.0800 per share, with sources comprising net realized short-term capital gains. The year-to-date cumulative total return through February 28, 2022, is reported at -10.86%. Shareholders will receive a Form 1099-DIV post-year-end for tax reporting.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the sources of its upcoming distribution, set for March 31, 2022. The Fund follows a managed distribution policy since December 2017, aiming to provide regular monthly distributions. The current distribution includes $0.1360 per share, sourced entirely from net realized long-term capital gains. As of February 28, 2022, the Fund reported a year-to-date cumulative total return of -11.10% and a cumulative distribution rate of 1.59%. Shareholders will receive a Form 1099-DIV detailing tax characteristics for these distributions.
This press release informs shareholders of Cohen & Steers Quality Income Realty Fund (NYSE: RQI) about the distribution sources to be paid on March 31, 2022, and cumulative fiscal year-to-date distributions. The Fund follows a managed distribution policy for regular monthly payouts, allowing for greater flexibility in capital gains distribution. Key distribution figures include a total current distribution of $0.0800 per share, all derived from long-term capital gains, indicating 100% of the current distribution. Year-to-date cumulative total return is -13.65%, while the current annualized distribution rate is 6.15%.
Cohen & Steers (NYSE: CNS) has partnered with Girls Who Invest, a nonprofit aimed at boosting female representation in investment management. This collaboration will see Cohen & Steers host a Girls Who Invest Scholar during their 2022 summer associate program. Chief Investment Officer Jon Cheigh emphasized the firm's commitment to diversity, stating it enhances investment decisions. The partnership aligns with Girls Who Invest's mission of preparing young women for leadership roles in finance, welcoming over 200 scholars this year and aiming for 30% of global investable capital to be managed by women by 2030.
Cohen & Steers has appointed Anthony Corriggio as Senior Vice President and Portfolio Manager for its Private Real Estate Group. Reporting to James S. Corl, Corriggio will focus on fund management and play a significant role in investment strategies. With over 25 years of real estate investment experience, he previously worked at a predecessor firm with Corl and Hamid Tabib. The Private Real Estate Group emphasizes a value-oriented investment approach, engaging in direct property investments and private placements, leveraging Cohen & Steers' robust resources.