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 from Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) informs shareholders about the upcoming distribution on December 31, 2021. Implemented in December 2016, the managed distribution policy allows regular monthly distributions based on long-term capital gains. The total current distribution for December 2021 is $0.1570 per share, comprised of net investment income and long-term capital gains. Year-to-date cumulative total return is 3.92%, with a cumulative distribution rate of 9.29%. Final tax characteristics will be provided on Form 1099-DIV.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced an upcoming distribution on December 31, 2021. The fund employs a managed distribution policy, allowing it to provide regular monthly distributions at a fixed per-share rate. The December 2021 distribution includes $0.0800 per share, sourced from net investment income and long-term capital gains. For fiscal year-to-date, total distributions amount to $1.1700 per share. The fund's Year-to-date Cumulative Total Return is 24.55%, while the average annual total return over five years is 11.41%.
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.