Cohen & Steers Total Return Realty Fund reports recurring fund news centered on its closed-end real estate securities strategy and common-share distributions. The fund seeks total return through investments in real estate companies, including REITs, common shares, preferred shares, convertible securities, rights and warrants.
RFI news is dominated by Section 19(a) notices tied to its managed distribution policy, which provides regular monthly distributions at a fixed rate per common share. These updates describe estimated distribution sources, cumulative fiscal-year distributions, fund performance and distribution-rate information, and the tax-characterization process completed after year-end through Form 1099-DIV reporting.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced the sources of its distribution scheduled for June 30, 2020. Implementing a managed distribution policy since December 2011, the Fund aims to provide regular monthly distributions, affording flexibility in realizing long-term capital gains. For June 2020, the total current distribution is $0.0800 per share, inclusive of net investment income, capital gains, and return of capital, which may affect taxable income. Year-to-date cumulative total return is reported at -12.11%.