Cohen & Steers Inc Stock Price, News & Analysis

Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announces its monthly distribution of $0.1430 per share, payable on January 29, 2021. The distribution consists of $0.0924 from net investment income (64.62%) and $0.0506 as return of capital (35.38%). The Fund employs a managed distribution policy since December 2016 to enhance long-term return potential. Year-to-date cumulative total return is at 5.90% for 2020, with an average annual total return of 8.49%. Shareholders should consider the risk and investment objectives before investing.

Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced details regarding its upcoming monthly distribution on January 29, 2021. Implementing a managed distribution policy since December 2011, it aims to provide regular monthly payouts while enabling capital gains realization throughout the year. January's distribution totals $0.08 per share, entirely sourced from long-term capital gains. As of January 31, 2021, the fund's year-to-date cumulative total return is 0.08%, with an average annual total return of 7.06% for the past five years. Form 1099-DIV will follow for tax reporting.

The Cohen & Steers Select Preferred and Income Fund (PSF) announced the distribution payment scheduled for January 29, 2021. The Fund, which follows a managed distribution policy since December 2016, aims to provide long-term total returns through regular monthly distributions. For January 2021, the total distribution is estimated at $0.1570 per share, comprising $0.0970 from net investment income and $0.0600 as return of capital. Year-to-date cumulative total return is recorded at 6.03% with a current annualized distribution rate of 7.03%.

Cohen & Steers reported its financial results for Q4 and the full year of 2020, highlighting net income and earnings per share figures. The details can be found in their earnings release and presentation. A conference call will occur on January 28, 2021, at 10:00 a.m. ET, featuring key executives discussing these results. The firm, established in 1986, focuses on liquid real assets including real estate securities and natural resource equities.

Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) has announced a proposal for liquidation and dissolution, subject to stockholder approval. This decision stems from the challenging market environment and the Fund's current asset levels and expenses. A special meeting for stockholder approval is set for May 27, 2021. Investors are recommended to review the Fund's investment objectives and risks. The firm specializes in liquid real assets and is headquartered in New York City.

Cohen & Steers MLP Income and Energy Opportunity Fund (NYSE: MIE) announced a proposal for liquidation and dissolution based on a thorough review of market challenges and the Fund's financial status. The Board of Directors believes this decision is in the best interest of stockholders. A special meeting for stockholder approval is scheduled for May 27, 2021, at 10:00 AM ET. This move comes as a response to ongoing difficulties faced by closed-end MLP funds over the past few years, aiming to address asset levels and expenses.

Cohen & Steers (NYSE: CNS) will release its fourth quarter and full year 2020 financial results on January 27, 2021, after market close. Details for the earnings release and accompanying presentation will be available on www.cohenandsteers.com. A conference call will follow on January 28, 2021, at 10:00 a.m. ET, featuring CEO Robert Steers and CFO Matthew Stadler to discuss the results and future outlook. Investors can access the call via telephone or webcast. A replay will be available for two weeks post-call.

Cohen & Steers reported preliminary assets under management (AUM) of $79.9 billion as of December 31, 2020, reflecting an increase of $3.2 billion from November 30, 2020. This growth was attributed to net inflows of $1.4 billion and market appreciation of $2.2 billion, offset by distributions of $419 million. The company specializes in liquid real assets including real estate securities and infrastructure.

Cohen & Steers (NYSE: CNS) has appointed Koichiro Teramoto as the new Head of Sales for Japan. With over 26 years of experience in financial services, Teramoto previously held roles at Nikko Asset Management and Natixis Investment Managers. His expertise in managing multi-asset client relationships is expected to enhance the firm's global distribution strategy. This addition follows other key appointments in 2020, including David Conway and Jeffrey D. Sharon, to strengthen the company's operational reach in global markets.