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.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced details regarding its June 30, 2020 distribution to shareholders. Following a managed distribution policy initiated in December 2017, the fund aims to provide monthly distributions at a fixed rate. The announcement reveals that the total distribution for June 2020 is $0.1240 per share, sourced entirely from long-term capital gains. Year-to-date, the cumulative total return from January 1, 2020, to May 31, 2020, decreased by 12.39%, while the cumulative distribution rate is 3.55%. Shareholders are reminded of the tax implications regarding their distributions.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announces its monthly distribution details, with payments scheduled for June 30, 2020. The managed distribution policy allows flexibility to distribute returns monthly, incorporating net investment income and returns of capital. For June 2020, the total distribution per share is $0.1560, with $0.1286 coming from net investment income. The Fund's year-to-date cumulative total return is -10.41%, while the average annual total return over five years is 5.19%. Shareholders will receive Form 1099-DIV for tax reporting.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced its distribution payment on June 30, 2020. The Fund follows a managed distribution policy to provide monthly distributions, which may include net investment income, capital gains, and return of capital. The current distribution is estimated at $0.1720 per share, with cumulative distributions at $1.0320 year-to-date. The Fund reports a year-to-date cumulative total return of -9.85% and an average annual total return of 5.64% over the past five years, with a current annualized distribution rate of 8.67%.
Cohen & Steers announced the appointment of Jeffrey D. Sharon as Head of North America Institutional Business Development and Consultant Relations. With over 25 years of experience, Sharon aims to enhance Cohen & Steers' global distribution platform, reporting to Dan Charles, Head of Global Distribution. This strategic move follows the previous appointment of Charles, reflecting the firm's commitment to strengthening its institutional sales and consultant relations. Cohen & Steers specializes in liquid real assets, headquartered in New York City, with a strong demand for its investment strategies.