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 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.
The Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced its distribution sources for the upcoming payment on December 31, 2020. Implementing a managed distribution policy since December 2016, the Fund aims for long-term total return through regular monthly distributions. The December distribution totals $0.1570 per share, comprising net investment income and long-term capital gains. YTD returns show a cumulative rate of 7.45%, while the five-year average annual total return stands at 8.23%. Shareholders should be aware that returns of capital may occur, which affect their tax basis.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) outlines the sources of its December 31, 2020, distribution, including net investment income and return of capital. The Fund follows a managed distribution policy aimed at delivering long-term total returns through regular monthly distributions. For December 2020, the total current distribution is $0.1430 per share, primarily from net investment income at $0.1293 (90.42%). The year-to-date cumulative total return is 3.86%, with a cumulative distribution rate of 7.00%. Shareholders will receive a Form 1099-DIV for tax purposes.