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.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announces its distribution sources for September 30, 2021, as part of its managed distribution policy. The current distribution is estimated at $0.1550 per share, comprising $0.0717 from net investment income and $0.0833 from long-term capital gains. This fiscal year-to-date, the cumulative distribution totals $1.3950 per share. The Fund's year-to-date cumulative total return stands at 16.95% with a cumulative distribution rate of 5.07%. Shareholders will receive a Form 1099-DIV for tax reporting purposes.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the distribution details for September 30, 2021. Following a managed distribution policy initiated in December 2017, the Fund aims to provide consistent monthly distributions based on net investment income and capital gains. For September, the distribution per share is $0.1240, derived entirely from net investment income. Year-to-date, total distributions are $1.1160, with a cumulative distribution rate of 3.99% and a year-to-date total return of 23.07% through August 31, 2021.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced its monthly distribution for September 2021, amounting to $0.1570 per share. The distribution sources include 75.16% from net investment income and 24.84% from net realized long-term capital gains. Cumulative distributions for the fiscal year total $1.4130 per share. The Fund follows a managed distribution policy aimed at delivering steady returns, but the Board can amend or suspend this policy, potentially affecting stock prices.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its distribution sources for September 30, 2021. The fund's managed distribution policy aims for long-term total return through monthly distributions, which may include net investment income, capital gains, and return of capital. For September, the distribution totals $0.1430 per share, with net investment income contributing $0.1198 (83.78%). Year-to-date total return is 5.62%, while the cumulative distribution rate stands at 4.90%. The fund emphasizes that these figures are estimates and may vary as they are subject to market conditions.
Cohen & Steers reported preliminary assets under management (AUM) of $100.5 billion as of August 31, 2021, a $950 million increase from July 31. The growth can be attributed to market appreciation of $1.7 billion, though this was partially offset by net outflows of $554 million and distributions of $205 million.
Cohen & Steers (NYSE: CNS) has appointed Marcia Gonzalez Glass as Senior Vice President of Institutional Sales, focusing on business development in the Northeast U.S. Glass brings 16 years of experience, previously with CenterSquare Investment Management, where she managed institutional relationships. This strategic move aims to enhance Cohen & Steers' institutional engagement and support the launch of new private real estate strategies. The firm has also established a Private Real Estate Group to provide integrated real estate investment solutions.
Summary not available.
Cohen & Steers (NYSE: CNS) announced the appointment of Bob Kuberski as Executive Vice President and Head of Wealth Management Consulting Group, succeeding David Edlin who is retiring after 12 years. Kuberski brings over 20 years of experience in investment management, previously serving at Eaton Vance and Invesco. Dan Charles, Head of Global Distribution, expressed confidence in Kuberski's leadership to enhance the firm's wealth management team amid a low-yield market. CEO Robert Steers acknowledged Edlin's contributions to the firm's growth.
Cohen & Steers reported preliminary assets under management (AUM) of $99.5 billion as of July 31, 2021, reflecting an increase of $3.3 billion from $96.2 billion at June 30, 2021. This growth stemmed from $782 million in net inflows and a market appreciation of $2.7 billion, despite distributions totaling $208 million.
The firm specializes in real assets and alternative income strategies, operating globally from its headquarters in New York City.
Cohen & Steers MLP Income and Energy Opportunity Fund (NYSE: MIE) completed its liquidation on August 6, 2021. Shareholders will receive a net asset value of $3.9118 per share as a liquidating distribution. This action aligns with previously announced plans for liquidation. Investors should be aware that they may incur a tax gain or loss due to the liquidation process and should consult tax professionals for advice.