Welcome to our dedicated page for Cohen & Steers REIT & Preferred Income news (Ticker: RNP), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers REIT & Preferred Income stock.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) is a diversified, closed-end fund that focuses on common stocks issued by real estate investment trusts (REITs) and preferred securities. Its stated objective is to provide high current income, with capital appreciation as a secondary goal. The Fund is associated with Cohen & Steers, an investment manager specializing in real assets and alternative income strategies.
This news page centers on the Fund’s recurring communications to shareholders, particularly its detailed notices about monthly distributions. These Section 19(a) notices explain the estimated sources of each distribution, breaking them into components such as net investment income, long-term capital gains, short-term capital gains and return of capital. They also show how these components add up on a fiscal year-to-date basis.
Readers can use RNP-related news to follow how the Fund applies its managed distribution policy, which was implemented in accordance with exemptive relief from the SEC. Company releases describe how this policy seeks to deliver the Fund’s long-term total return potential through regular monthly distributions at a fixed rate per share, while allowing flexibility in realizing capital gains over the year.
News items also discuss concepts like net asset value (NAV), year-to-date cumulative total return, cumulative distribution rate and current annualized distribution rate, as reported by the Fund. These updates help investors understand how the Fund characterizes its distributions, how return of capital is treated for tax purposes, and how NAV-based performance metrics relate to the market price of the Fund’s shares.
For investors tracking income-oriented closed-end funds that invest in REITs and preferred securities, this page provides an organized view of RNP’s official distribution notices and related explanatory disclosures.
The press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) outlines the distribution sources for payments on October 31, 2022. The Fund operates under a managed distribution policy, allowing for regular monthly payouts that include capital gains and return of capital. The October distribution totals $0.1360 per share, all sourced from long-term capital gains. Year-to-date, the Fund reports a cumulative total return of -25.05% and a cumulative distribution rate of 5.88%. Shareholders will receive Form 1099-DIV at year-end for tax reporting.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding its September 30, 2022 distribution. The Fund follows a managed distribution policy aiming for long-term returns through predictable monthly distributions. The latest distribution is $0.1360 per share, comprised solely of long-term capital gains. Year-to-date, the Fund has a cumulative total return of -15.64% and a distribution rate of 5.19%. The Fund advises investors that distribution sources may change at year's end based on actual performance.
The Board of Directors for Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) declared a special distribution of $1.0714 per share, alongside its regular monthly dividend. This distribution, announced on Sept. 26, 2022, includes remaining income and realized capital gains from the previous year, necessary for maintaining the Fund's regulated investment company status. The distribution is taxable for 2022, with the ex-date set for Dec. 07, 2022 and payment due on Dec. 15, 2022.
This press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) details the sources of its upcoming distribution, set for August 31, 2022. The Fund's managed distribution policy, initiated in December 2017, aims to provide regular monthly distributions to shareholders, including long-term and short-term capital gains, and return of capital. The total current distribution for August is $0.1360 per share, entirely derived from long-term capital gains. The current annualized distribution rate is 6.56%, despite a year-to-date cumulative total return of -11.54%.
On July 20, 2022, Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) announced details regarding its distribution payment on July 29, 2022. The Fund follows a managed distribution policy initiated in December 2017, allowing for flexibility in distributing regular monthly returns to shareholders. For July 2022, the total distribution per share is estimated at $0.1360, comprised entirely of long-term capital gains. Year-to-date cumulative total return is reported at -18.71%, contrasted with a cumulative distribution rate of 4.14% for 2022.
The press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) outlines the distribution to be paid on June 30, 2022, as part of its managed distribution policy established in December 2017. This policy aims to provide regular monthly distributions that may include long-term capital gains and net investment income. For fiscal year 2022, the Fund reports a year-to-date cumulative total return of -13.14% and a cumulative distribution rate of 3.30%. The total current distribution for June is $0.1360 per share, fully sourced from long-term capital gains.
The press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) details the distribution sources scheduled for May 31, 2022. The Fund follows a managed distribution policy aimed at providing consistent monthly distributions, which may include capital gains and return of capital. As of April 30, 2022, the Fund reported a year-to-date cumulative total return of -9.66% and a cumulative distribution rate of 2.63%. The announcement emphasizes that distribution amounts are estimates and will be finalized post-year-end tax reporting. Shareholders are advised to read the Form 1099-DIV for accurate reporting.
The Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) has announced details regarding its April 2022 distribution and cumulative distributions year-to-date. As part of its managed distribution policy initiated in December 2017, the Fund provides regular monthly distributions to enhance long-term returns. The April 2022 distribution is $0.1360 per share, consisting entirely of net realized long-term capital gains, with no net investment income or return of capital included. The Fund's cumulative total return for 2022 is currently -6.42%, while the average annual total return for five years is 11.49%.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the sources of its upcoming distribution, set for March 31, 2022. The Fund follows a managed distribution policy since December 2017, aiming to provide regular monthly distributions. The current distribution includes $0.1360 per share, sourced entirely from net realized long-term capital gains. As of February 28, 2022, the Fund reported a year-to-date cumulative total return of -11.10% and a cumulative distribution rate of 1.59%. Shareholders will receive a Form 1099-DIV detailing tax characteristics for these distributions.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced distribution details for shareholders, effective February 28, 2022. The Fund follows a managed distribution policy, allowing regular monthly distributions based on long-term capital gains. Current distributions are primarily sourced from long-term capital gains, with no net investment income reported. Year-to-date, the Fund's cumulative total return is -6.09%, while the current annualized distribution rate is 5.97%. Shareholders will receive Form 1099-DIV for tax reporting purposes, detailing actual distribution amounts.