Welcome to our dedicated page for Cohen & Steers REIT & Preferred Income Fund news (Ticker: RNP), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers REIT & Preferred Income Fund stock.
Cohen & Steers REIT and Preferred and Income Fund, Inc. issues recurring fund updates centered on monthly distributions and Section 19(a) notices for its common shares. The closed-end fund is part of the Cohen & Steers fund family and seeks high current income, with capital appreciation as a secondary objective, through a portfolio that includes REIT common stocks, preferred securities, and other debt securities.
News for RNP commonly details estimated distribution sources, fiscal year-to-date distribution composition, managed distribution policy disclosures, and tax-characterization information later reported on Form 1099-DIV.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced its July 2024 distribution details. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For July 2024, the distribution is $0.1360 per share, entirely sourced from net investment income. Year-to-date distributions total $0.9520 per share. The Fund's year-to-date cumulative total return is 2.84%, with a cumulative distribution rate of 4.64%. Over a five-year period ending June 30, 2024, the Fund's average annual total return is 5.78%, with a current annualized distribution rate of 7.95%.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding its managed distribution policy and the sources of its distributions for June 28, 2024. Established in December 2017, the policy aims to deliver long-term total returns through fixed monthly distributions. It provides flexibility for the fund to realize and distribute capital gains regularly. The June 2024 distribution of $0.1360 per share is entirely sourced from net investment income, with no contributions from capital gains or return of capital.
The year-to-date cumulative distribution per share amounts to $0.8160, also fully from net investment income. The fund's year-to-date cumulative total return is 1.25%, with a 4.01% cumulative distribution rate. Over the past five years, the average annual total return is 5.91%, and the current annualized distribution rate stands at 8.02%.
Final tax characteristics of distributions will be provided via Form 1099-DIV post-calendar year-end. Shareholders are advised that these figures are estimates and subject to change based on the fund's investment performance and tax regulations.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding the sources of its upcoming monthly distribution on May 31, 2024. The Fund operates under a managed distribution policy, aiming to provide consistent monthly payouts, which may include long-term and short-term capital gains, net investment income, and return of capital. For May 2024, the distribution per share is $0.1360, exclusively from net investment income. Year-to-date, the total distribution per share is $0.6800, also solely from net investment income. The Fund's year-to-date cumulative total return is -4.12%, while the cumulative distribution rate is 3.51%. Over the past five years, the average annual total return is 4.95%, and the current annualized distribution rate is 8.42%. Shareholders are advised that the final tax characteristics of distributions will be provided in Form 1099-DIV at year-end.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) announced the sources of distribution for April 30, 2024, and year-to-date cumulative distributions. The managed distribution policy aims to deliver long-term total return potential through regular monthly distributions declared at a fixed rate. The distributions may include long-term capital gains, short-term capital gains, net investment income, and return of capital. Shareholders should not draw investment performance conclusions from distribution amounts. The Fund's performance and distribution rate information for the fiscal year 2024 is provided, based on net asset value per share (NAV).
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