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.
Cohen & Steers reported preliminary assets under management of $96.2 billion as of June 30, 2021, a $2.0 billion increase from May 31, 2021. This increase was attributed to net inflows of $1.0 billion and market appreciation of $1.4 billion, offset by distributions amounting to $366 million. The company's diverse investment strategies include real estate, preferred securities, and infrastructure across global markets.
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Cohen & Steers MLP Income and Energy Opportunity Fund (NYSE: MIE) announced the approval of its liquidation and dissolution as of June 30, 2021. The effective date for determining stockholders entitled to liquidating distributions is set for August 6, 2021, with the last trading day on the NYSE being August 2, 2021. Post-approval, the Fund will deviate from its investment policies as it sells its portfolio securities for liquidation. Stockholders may experience tax implications as a result of the liquidation. The Fund will not declare future dividends.
On June 29, 2021, Cohen & Steers Infrastructure Fund, Inc. (UTF) notified shareholders of the distribution sources for the payment on June 30, 2021. The Fund follows a managed distribution policy aimed at delivering regular monthly distributions at a fixed rate per share, allowing for greater capital gains realization. For June 2021, the total distribution is $0.1550 per share, comprising 64.84% from net investment income and 35.16% from net realized long-term capital gains. YTD cumulative return is 13.06%, while the annualized distribution rate is 6.88%.
The Cohen & Steers Total Return Realty Fund (NYSE: RFI) will distribute $0.0800 per share on June 30, 2021. This distribution includes $0.0418 from net investment income and $0.0382 from net realized long-term capital gains. Year-to-date total returns as of May 31, 2021, are at 15.62%, with a cumulative distribution rate of 3.26%. The fund operates under a managed distribution policy, providing monthly distributions at a fixed rate, and aims to maximize long-term total returns. Shareholders will receive a Form 1099-DIV for tax purposes.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced its distribution sources for the upcoming payment on June 30, 2021. Since implementing a managed distribution policy in December 2012, the Fund aims for long-term returns through consistent monthly distributions. The current distribution is $0.0800 per share, comprising $0.0464 from net investment income and $0.0336 from realized long-term capital gains. The cumulative total return for 2021 stands at 21.32%, with a cumulative distribution rate of 3.09%. Tax characteristics will be finalized at year-end and reported via Form 1099-DIV.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) has issued a notice to shareholders detailing the sources of its upcoming distribution on June 30, 2021. The Fund follows a managed distribution policy aimed at delivering long-term returns through fixed monthly distributions. Current distribution estimates include $0.1213 from net investment income and $0.0357 from net realized long-term capital gains. Year-to-date cumulative total return is reported at 3.15%, with a cumulative distribution rate of 3.51%. Investors are advised to review their investment objectives carefully.
The Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE: RNP) announced the distribution details for June 30, 2021. The Fund operates under a managed distribution policy initiated in December 2017, aimed at providing shareholders with regular monthly distributions. For June 2021, the total distribution is $0.1240 per share, consisting entirely of realized long-term capital gains. The Fund's cumulative total return for 2021 stands at 13.97%, while the cumulative distribution rate is 2.84%. Shareholders will receive a Form 1099-DIV for tax reporting purposes.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution sources for June 30, 2021. A managed distribution policy allows for monthly distributions, including net investment income and capital gains. For June, total distribution is $0.1430 per share, with $0.1244 from net investment income (86.99%). Year-to-date, the cumulative total return is 3.12% with a cumulative distribution rate of 3.29%. Shareholders will receive a Form 1099-DIV to report distributions for tax purposes.
Cohen & Steers (NYSE: CNS) announced preliminary assets under management (AUM) of $94.2 billion as of May 31, 2021, up $1.4 billion from April 30, 2021. This growth was driven by net inflows of $760 million and market appreciation of $815 million, despite distributions totaling $201 million.
Cohen & Steers specializes in real assets and alternative income investments and has a global presence with offices in major financial hubs.