Welcome to our dedicated page for Cohen & Steers Infrastructure news (Ticker: UTF), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers Infrastructure stock.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) is a diversified, closed-end management investment company with an investment objective of total return with an emphasis on income. The Fund invests primarily in securities issued by infrastructure companies, including utilities, pipelines, toll roads, airports, railroads, ports, telecommunications companies, and other infrastructure companies, with corporate preferred securities and other fixed income also part of its strategy.
The UTF news stream features regular notices on the sources of monthly distributions under the Fund’s managed distribution policy, which was implemented in March 2015 in accordance with exemptive relief from the Securities and Exchange Commission. These updates break down each distribution into net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital, both for the current month and on a fiscal year-to-date basis.
News items also cover fund-level actions such as transferable rights offerings approved by the Board of Directors. In these announcements, the Fund details the terms of rights offerings, including the subscription formula tied to market price and net asset value, the number of rights required to purchase new shares, over-subscription privileges for record date stockholders, and the trading of rights on the NYSE under a dedicated symbol. The Advisor has stated that it pays all expenses associated with such offerings, allowing the Fund to receive the entire proceeds.
In addition, UTF news releases provide performance and distribution rate information based on net asset value, including year-to-date cumulative total return, cumulative distribution rate, multi-year average annual total return, and the current annualized distribution rate. Each release reiterates key risk considerations for global infrastructure securities and closed-end funds and directs investors to the Fund’s reports and regulatory filings for more detailed information. For investors tracking UTF, this news page offers a consolidated view of distribution notices, rights offering developments, and NAV-based performance metrics.
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Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its distribution details for March 31, 2023. The Fund follows a managed distribution policy aimed at delivering long-term returns through monthly fixed-rate distributions. The current distribution of $0.1550 per share consists of net investment income, short-term and long-term capital gains, with a portion possibly being a return of capital. The Fund's year-to-date cumulative total return as of February 28, 2023, is -1.22%, with a cumulative distribution rate of 1.96%. Investors are cautioned that a return of capital might not reflect the performance of the Fund's investments.
On February 27, 2023, Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced the distribution sources for shareholders scheduled for February 28, 2023. This Fund operates a managed distribution policy to provide consistent monthly returns while allowing flexibility to realize long-term capital gains throughout the year. The total current distribution is $0.1550 per share, with net investment income contributing $0.0909 (58.65%) and net realized long-term capital gains at $0.0637 (41.10%). Year-to-date, the Fund has achieved a cumulative total return of 4.41% and a cumulative distribution rate of 1.23% for fiscal year 2023.
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