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 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.
The press release informs shareholders of Cohen & Steers Total Return Realty Fund (NYSE: RFI) about the sources for the upcoming distribution on August 31, 2020, and cumulative distributions for the fiscal year. The Fund follows a managed distribution policy, allowing for monthly distributions that may include net investment income, capital gains, and return of capital. As of August 2020, the total current distribution is $0.0800 per share. The Year-to-date cumulative total return is reported at -6.46%, while the average annual total return over five years stands at 6.59%. Shareholders will receive a Form 1099-DIV for tax reporting.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the distribution of $0.1240 per share for August 2020, part of its managed distribution policy initiated in December 2017. This policy is designed to provide long-term total return through fixed monthly distributions. The current distribution consists of 9.52% from net investment income and 90.48% from net realized short-term capital gains, while cumulative year-to-date distributions total $0.9920 per share. Shareholders are advised that tax characteristics will be finalized in the Form 1099-DIV after the fiscal year.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund details the distribution to shareholders scheduled for August 31, 2020. The Fund has a managed distribution policy aimed at delivering long-term returns through regular distributions. The August distribution is $0.1430 per share, with sources including net investment income and return of capital. Year-to-date cumulative total return is -4.87%, with a cumulative distribution rate of 5.08%. The current annualized distribution rate is 7.14% for 2020. Shareholders will receive a Form 1099-DIV for tax purposes.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced its distribution sources for August 31, 2020. The managed distribution policy, active since December 2012, allows the Fund to distribute long-term capital gains regularly. For August, the total current distribution per share is $0.0800, comprising $0.0657 in net investment income (82.12%) and $0.0143 in short-term capital gains (17.88%). Year-to-date, the Fund's cumulative total return stands at -11.31%, while the cumulative distribution rate is 5.13%. Shareholders will receive a Form 1099-DIV for tax reporting purposes after the year-end.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced its monthly distribution of $0.1570 per share, payable on August 31, 2020. The Fund's managed distribution policy, in place since December 2016, allows for regular monthly distributions and provides flexibility in realizing long-term capital gains. This month’s distribution consists of $0.1294 from net investment income and $0.0276 from return of capital. Year-to-date cumulative total return is -4.38%, with a cumulative distribution rate of 5.40%. Shareholders will receive a Form 1099-DIV for tax reporting.
Cohen & Steers (NYSE: CNS) announced upcoming changes to its International Realty Majors Portfolio Index (IRP) and Global Realty Majors Portfolio Index (GRM), effective August 21, 2020. The adjustments include the addition of LondonMetric Property PLC (LMP.LN), Warehouses De Pauw SCA (WDP.BB), and Fabege AB (FABG.SS) to both indexes. Conversely, Unibail-Rodamco-Westfield (URW.NA), GPT Group (GPT.AU), and Hongkong Land Holdings Ltd. (HKL.SP) will be removed. These modified market capitalization-weighted total return indexes serve as benchmarks for real estate equity securities.
Cohen & Steers (NYSE: CNS) announced preliminary assets under management (AUM) of $70.1 billion as of July 31, 2020, up $3.8 billion from June 30, 2020. The increase was driven by net inflows of $1.3 billion and market appreciation of $2.7 billion, offset by distributions totaling $209 million. The firm's growth reflects a strong demand for its investment strategies, particularly in liquid real assets.
The Board of Directors of Cohen & Steers has declared a cash dividend of $0.39 per share for Q3 2020. This dividend is payable on August 27, 2020 to stockholders on record by the close of business on August 17, 2020. Founded in 1986, Cohen & Steers is a global investment manager based in New York City, focusing on liquid real assets such as real estate securities and infrastructure.