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 Infrastructure Fund, Inc. (NYSE: UTF) announced details of its November 30, 2021 distribution to shareholders. Under its managed distribution policy, the Fund aims for consistent monthly distributions while allowing for long-term capital gains realization. The November distribution is $0.1550 per share, sourced mainly from net investment income (67.61%) and short-term capital gains (29.35%). For the fiscal year to date, the cumulative distribution rate stands at 6.20%, with a year-to-date cumulative total return of 18.35% as of October 31, 2021.
The press release from Cohen & Steers Quality Income Realty Fund (NYSE: RQI) informs shareholders about the sources of the upcoming distribution scheduled for November 30, 2021, and cumulative distributions year-to-date. The Fund employs a managed distribution policy to provide regular monthly distributions and facilitate capital gains realization. The November distribution totals $0.0800 per share, with details on its composition including net investment income and capital gains. The Year-to-date cumulative total return stands at 35.74%, with a cumulative distribution rate of 5.19%.
The Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced the distribution sources for its November 30, 2021 payment to shareholders. Since adopting a managed distribution policy in December 2016, the Fund has aimed for consistent monthly distributions. The November 2021 distribution totals $0.1570 per share, composed of $0.1056 from net investment income and $0.0514 from long-term capital gains. This reflects a year-to-date cumulative total return of 5.80% and a cumulative distribution rate of 6.44% as of October 31, 2021.
Cohen & Steers has appointed Jeffrey Palma as Senior Vice President, Head of Multi-Asset Solutions, effective immediately. Reporting to Jon Cheigh, Palma will oversee the firm's asset allocation teams and strategies. With 25 years of investment experience, Palma was previously Managing Director at State Street Global Advisors and has held leadership roles at GE Asset Management and UBS Investment Bank. Jon Cheigh emphasized the need for enhanced multi-asset capabilities to meet investor demands amidst rising inflation.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management of $101.6 billion as of October 31, 2021, reflecting an increase of $4.3 billion from September 30, 2021. This growth was attributed to net inflows of $138 million and market appreciation of $4.4 billion, which were partially offset by distributions totaling $203 million.
The Board of Directors of Cohen & Steers (NYSE: CNS) has declared a cash dividend of $0.45 per share for the fourth quarter of 2021, along with a special dividend of $1.25 per share. These dividends will be paid on November 30, 2021, to stockholders on record by November 15, 2021. Cohen & Steers specializes in investment management in sectors like real assets and alternative income, founded in 1986, with its headquarters in New York City.
Cohen & Steers, a global investment manager specializing in real assets and alternative income, has appointed Rodrigo Soto as Senior Vice President of Institutional Sales. He will oversee institutional business development in Western North America and report to Jeff Sharon. Soto brings over 22 years of experience, previously serving at Morgan Stanley and other firms. His expertise aligns with the growing demand for investment strategies that provide inflation protection and strong returns. This appointment comes after the recent hiring of Marcia Gonzalez Glass to lead Northeast U.S. institutional business.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announces its distribution sources to shareholders for payment on October 29, 2021. The Fund implements a managed distribution policy since December 2012, aiming to provide regular monthly distributions. The allocation includes net investment income, realized short-term and long-term capital gains. The estimated current distribution is $0.0800 per share, with a cumulative distribution rate of 5.07% year-to-date. Shareholders are reminded that distributions may vary based on market conditions and investment performance.
The press release from Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) provides details on the distribution sources for October 29, 2021, alongside cumulative distributions for the fiscal year. The Fund's managed distribution policy, established in March 2015, aims to facilitate regular monthly distributions through realized capital gains. For October, the total current distribution is $0.1550 per share, with approximately 84.19% sourced from net realized long-term capital gains. The press release notes that final tax characteristics will be provided with Form 1099-DIV after the fiscal year.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the distribution details for shareholders, set for October 29, 2021. Since implementing a managed distribution policy in December 2017, the Fund aims to provide regular monthly distributions to enhance long-term returns. For October 2021, the total current distribution per share is $0.1240, composed entirely of net investment income. The year-to-date cumulative total return as of September 30, 2021, is 18.13%, with an average annual total return of 10.64% over five years.