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. (NYSE: CNS) is a global investment manager specializing in real assets and alternative income, with a focus on listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. Founded in 1986 and headquartered in New York City, the firm also maintains offices in London, Dublin, Hong Kong, Tokyo and Singapore, and regularly reports on its business through press releases and regulatory filings.
This news page aggregates company announcements and updates related to Cohen & Steers and its investment vehicles. Readers can find information on preliminary assets under management and net flows, where the firm breaks down AUM across institutional advisory and subadvisory accounts, open-end funds and closed-end funds, and explains the impact of market movements, net flows and distributions. The page also features notices for Cohen & Steers-managed closed-end funds such as UTF, RQI, RFI, RNP and FOF, including details on managed distribution policies and the estimated sources of monthly distributions.
In addition to fund-related disclosures, the news feed includes corporate developments such as leadership appointments, regional management changes and updates on the firm’s private real estate operations. Earnings release schedules and information about upcoming conference calls are also highlighted, indicating when quarterly and full-year results will be available and how investors and analysts can access related materials.
By reviewing the items on this page, investors can see how Cohen & Steers communicates on topics like distribution composition, fund performance metrics, assets under management trends and organizational changes. This historical record of press releases and notices provides context around the company’s activities in real assets and alternative income across its global platform.
This press release informs shareholders of Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) about the distribution sources to be paid on December 31, 2021. The Fund follows a managed distribution policy since March 2015, allowing regular monthly distributions at a fixed rate. For December 2021, the total distribution is $0.1550 per share, comprising net investment income and capital gains. Year-to-date cumulative total return as of November 30, 2021, is 13.77%, with a cumulative distribution rate of 7.08%. Final tax characteristics will be provided in Form 1099-DIV after the year-end.
The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA) has announced a special year-end distribution to fulfill its 2021 federal excise tax requirements. This distribution includes a regular monthly dividend and is largely taxable for shareholders. Key dates include an ex-date of December 27, 2021, a record date of December 28, 2021, and a payable date of January 6, 2022. The total distribution per share reaches $0.147, comprised of $0.026 long-term capital gains, $0.081 short-term capital gains, and $0.040 ordinary income.
On December 16, 2021, the Board of Directors of Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced a year-end capital gain distribution of $0.210 per share, payable on January 6, 2022. This distribution is part of the Fund's managed distribution policy aimed at ensuring compliance with federal excise tax requirements for 2021. The Fund's year-to-date cumulative total return is reported at 24.55%, while its average annual total return over five years stands at 11.41%. This distribution will primarily be taxable to shareholders.
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Cohen & Steers (NYSE: CNS) has been named "Real Assets Manager of the Year" at the 2021 Industry Innovation Awards by Chief Investment Officer Magazine. The awards commend firms that enhance client portfolios through innovative asset management. Jon Cheigh, CIO, highlighted the firm's 35-year commitment to developing unique, alpha-generating investment strategies in real assets. Cohen & Steers continues to innovate with next-generation strategies, including Digital Infrastructure and Global Logistics, while managing over $100 billion in assets across five offices worldwide.
Cohen & Steers (NYSE: CNS) has been named one of the "Best Places to Work in Money Management" for the second consecutive year by Pensions & Investments. This recognition highlights the company's strong workplace culture, emphasizing innovation and teamwork. The evaluation process included a 25% score from company policies and a 75% score from employee surveys regarding leadership, culture, and compensation. To qualify, firms must have at least 20 U.S. employees and $100 million in discretionary assets under management.
Cohen & Steers reported preliminary assets under management (AUM) of $100.2 billion as of November 30, 2021, reflecting a decrease of $1.4 billion from October 31, 2021. This decline was attributed to market depreciation of $1.4 billion and $204 million in distributions, despite net inflows of $201 million.
As for the breakdown, total AUM was comprised of various accounts and funds, with significant contributions from institutional accounts and open-end funds.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced an amendment to its investment policy, effective March 31, 2022. The former policy required 80% of total assets to be invested in high-quality REITs producing income. This will now include income-producing common stocks and other securities from real estate companies. The definition of a 'real estate company' remains, focusing on revenue from real estate activities. Changes to this policy can only occur with 60 days advance notice to shareholders as per regulatory requirements.
This press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announces the sources of its distributions for November 30, 2021, and year-to-date cumulative distributions. The Fund follows a managed distribution policy initiated in December 2017, allowing for greater flexibility in capital gains distribution. The current monthly distribution is $0.1240 per share, fully derived from net investment income. The fiscal year-to-date cumulative total return is 23.86%, with a cumulative distribution rate of 4.89%. Shareholders will receive Form 1099-DIV for tax purposes.