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.
The press release from Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) announces the monthly distribution of $0.0800 per share, payable on September 30, 2020. The Fund's managed distribution policy enables it to deliver long-term total return through regular monthly distributions, including net investment income and potential capital gains. However, the total return for the year-to-date period is reported at -10.76%, with a cumulative distribution rate of 5.77%. Shareholders are advised that distribution amounts may change based on portfolio performance, and final tax characteristics will be provided on Form 1099-DIV.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) will pay a distribution of $0.1240 per share on September 30, 2020. This distribution is sourced entirely from net investment income, comprising 100% of the current distribution. The fund's managed distribution policy allows for monthly fixed-rate distributions, enabling flexibility in realizing and distributing long-term capital gains. As of August 31, 2020, the fund's year-to-date cumulative total return stands at -4.31%, with a cumulative distribution rate of 4.96%.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (LDP) details the sources of its upcoming distribution on September 30, 2020. Following a managed distribution policy since December 2016, the Fund aims to provide regular monthly distributions to shareholders. For September 2020, the distribution amounts to $0.1430 per share, comprising 94.41% net investment income and 5.59% return of capital. As of August 31, 2020, the year-to-date cumulative total return is -1.19%, while the average annual total return over five years stands at 7.55%. The Fund's NAV performance indicates market conditions affecting share value.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced information about its upcoming distribution on September 30, 2020, as part of its managed distribution policy. This policy allows the Fund to distribute regular monthly payments to shareholders, incorporating various sources such as net investment income and return of capital.
As of September 2020, the total distribution is $0.1570 per share, covering YTD distributions totaling $1.5030. The Fund's year-to-date total return is -0.98%, with a cumulative distribution rate of 5.86% for the fiscal year.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) has announced its monthly distribution of $0.08 per share to be paid on September 30, 2020. This distribution aligns with the Fund's managed distribution policy initiated in December 2011, aimed at delivering long-term capital gains to shareholders. As of August 31, 2020, the Fund recorded a Year-to-Date Cumulative Total Return of -5.87% and a Cumulative Distribution Rate of 5.68%. Notably, the estimated monthly distribution consists mainly of net investment income (65.63%) and realized long-term capital gains (34.37%).
Cohen & Steers (NYSE: CNS) announced the appointment of David Conway as Head of Wholesale Distribution, EMEA. With over two decades of international experience, Conway previously served as Global Sales Director at Jupiter Asset Management. His leadership aims to enhance Cohen & Steers' fund business among financial intermediaries in Europe and the Middle East. This move follows recent appointments aimed at scaling the firm's European operations, which recorded a 24% organic growth and net inflows of $3.4 billion in Q2.
Cohen & Steers (NYSE: CNS) has invested approximately $100 million in Lineage Logistics, the leading provider of temperature-controlled logistics solutions. This investment targets the growing demand for innovative cold storage amidst evolving food supply chains. Lineage, with over 1.9 billion cubic feet across 320 facilities in 13 countries, is well-positioned for future growth. This strategic move aligns with Cohen & Steers' goal to generate alpha through private real estate investments, particularly in a post-pandemic environment where companies seek capital partners.
Cohen & Steers reported preliminary assets under management (AUM) of $72.1 billion as of August 31, 2020, reflecting an increase of $1.9 billion compared to July 31, 2020. This rise was driven by net inflows of $1.0 billion and market appreciation of $1.2 billion, though offset by distributions totaling $211 million.
The firm specializes in liquid real assets and is headquartered in New York City. The increase in AUM highlights growth in investment management capabilities.
Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) has repurchased 115,682 outstanding shares since the last update on August 4, 2020, totaling 508,250 shares for the year-to-date as of August 31, 2020. This buyback is part of an authorized program allowing repurchases of up to 10% of outstanding shares. The total shares repurchased since inception on March 26, 2013, is 661,912. The management retains discretion over future repurchases, and there are no guarantees of additional buybacks.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced the distribution sources for the $0.1550 payment due on August 31, 2020. Implemented in March 2015, the managed distribution policy aims to provide long-term returns through regular monthly payments. The current distribution comprises 78% net investment income, 22% return of capital, with no short- or long-term capital gains reported. Cumulative total return for 2020 stands at -11.02%, while the average annual total return over five years is 7.68%. Investors are advised that a portion of the distribution may be taxable as a return of capital.