Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced its distribution for September 30, 2024, and provided information on the sources of this distribution. The Fund follows a managed distribution policy, aiming to deliver long-term total returns through regular monthly distributions. The current distribution of $0.1550 per share is sourced from:
- Net Investment Income: 47.74%
- Net Realized Short-Term Capital Gains: 2.58%
- Net Realized Long-Term Capital Gains: 49.68%
The Fund's year-to-date cumulative total return is 16.33%, with a cumulative distribution rate of 5.53%. The Fund's five-year average annual total return is 6.53%, with a current annualized distribution rate of 7.37%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) ha annunciato la sua distribuzione per il 30 settembre 2024 e ha fornito informazioni sulle fonti di questa distribuzione. Il Fondo segue una politica di distribuzione gestita, mirando a offrire rendimenti totali a lungo termine attraverso distribuzioni mensili regolari. La distribuzione attuale è di $0.1550 per azione e proviene da:
- Reddito da Investimenti Netto: 47,74%
- Guadagni di Capitale Netti Realizzati a Breve Termine: 2,58%
- Guadagni di Capitale Netti Realizzati a Lungo Termine: 49,68%
Il rendimento totale cumulativo del Fondo da inizio anno è 16,33%, con un tasso di distribuzione cumulativa del 5,53%. Il rendimento totale medio annuo del Fondo negli ultimi cinque anni è del 6,53%, con un attuale tasso di distribuzione annualizzato del 7,37%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) ha anunciado su distribución para el 30 de septiembre de 2024 y proporcionado información sobre las fuentes de esta distribución. El Fondo sigue una política de distribución gestionada, con el objetivo de ofrecer rendimientos totales a largo plazo a través de distribuciones mensuales regulares. La distribución actual es de $0.1550 por acción y proviene de:
- Ingresos Netos de Inversiones: 47.74%
- Ganas de Capital Netos Realizados a Corto Plazo: 2.58%
- Ganas de Capital Netos Realizados a Largo Plazo: 49.68%
El rendimiento total acumulado del Fondo hasta la fecha es 16.33%, con una tasa de distribución acumulada del 5.53%. El rendimiento total anual promedio del Fondo en los últimos cinco años es del 6.53%, con una tasa de distribución anualizada actual del 7.37%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF)는 2024년 9월 30일에 대한 분배를 발표하고 이 분배의 출처에 대한 정보를 제공했습니다. 이 펀드는 관리 분배 정책을 따르며, 정기적인 월별 분배를 통해 장기적인 총 수익을 제공하는 것을 목표로 하고 있습니다. 현재 주당 분배금은 $0.1550입니다며, 그 출처는 다음과 같습니다:
- 순 투자 수익: 47.74%
- 단기 실현 순 자본 이익: 2.58%
- 장기 실현 순 자본 이익: 49.68%
펀드의 연초 누적 총 수익률은 16.33%이며, 누적 분배율은 5.53%입니다. 펀드의 최근 5년 평균 연간 총 수익률은 6.53%이며, 현재 연환산 분배율은 7.37%입니다.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) a annoncé sa distribution pour le 30 septembre 2024 et a fourni des informations sur les sources de cette distribution. Le Fonds suit une politique de distribution gérée, visant à offrir des rendements totaux à long terme à travers des distributions mensuelles régulières. La distribution actuelle est de 0,1550 $ par action et provient des sources suivantes :
- Revenu Net d'Investissement: 47,74%
- Gains en Capital Net Réalisés à Court Terme: 2,58%
- Gains en Capital Net Réalisés à Long Terme: 49,68%
Le rendement total cumulé du Fonds depuis le début de l'année est de 16,33%, avec un taux de distribution cumulée de 5,53%. Le rendement total annuel moyen du Fonds au cours des cinq dernières années est de 6,53 %, avec un taux de distribution annualisé actuel de 7,37%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) hat seine Ausschüttung für den 30. September 2024 angekündigt und Informationen zu den Quellen dieser Ausschüttung bereitgestellt. Der Fonds folgt einer verwalteten Ausschüttungspolitik, die darauf abzielt, langfristige Gesamterträge durch regelmäßige monatliche Ausschüttungen zu bieten. Die aktuelle Ausschüttung beträgt $0.1550 pro Aktie und stammt aus:
- Nettoinvestitionsertrag: 47,74%
- Netto realisierte kurzfristige Kapitalgewinne: 2,58%
- Netto realisierte langfristige Kapitalgewinne: 49,68%
Der kumulierte Gesamtertrag des Fonds seit Jahresbeginn beträgt 16,33%, mit einem kumulierten Ausschüttungssatz von 5,53%. Der durchschnittliche jährliche Gesamtertrag des Fonds über die letzten fünf Jahre beträgt 6,53%, mit einem aktuellen annualisierten Ausschüttungssatz von 7,37%.
- The Fund's year-to-date cumulative total return is 16.33%, indicating strong performance
- The current annualized distribution rate is 7.37%, which is attractive for income-seeking investors
- The Fund's distributions are fully covered by net investment income and capital gains, with no return of capital
- The Fund's five-year average annual total return of 6.53% is lower than the current year-to-date return, suggesting potential volatility in long-term performance
Insights
This distribution announcement for Cohen & Steers Infrastructure Fund (UTF) provides valuable insights for investors. The fund maintains a managed distribution policy, aiming to deliver long-term total returns through regular monthly distributions. For September 2024, the
- Net Investment Income:
$0.0740 (47.74% ) - Net Realized Long-Term Capital Gains:
$0.0770 (49.68% ) - Net Realized Short-Term Capital Gains:
$0.0040 (2.58% )
Year-to-date performance is strong, with a cumulative total return of
The tax implications of this distribution are significant for investors. The breakdown of sources is important for tax planning:
- Net Investment Income is typically taxed as ordinary income.
- Long-term capital gains often receive preferential tax treatment.
- Short-term capital gains are usually taxed as ordinary income.
Importantly, there's no return of capital in this distribution, which would have reduced the cost basis of shares. The fund's ability to distribute long-term capital gains regularly can be tax-efficient for some investors. However, those in high tax brackets or holding the fund in taxable accounts should consider the tax impact carefully. The fund will provide a Form 1099-DIV for accurate tax reporting, but investors should consult with a tax professional to understand their specific situation.
In March 2015, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. This policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.
The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. In addition, distributions from the Fund's investments in MLPs are attributed to various sources, including net investment income and return of capital. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.
At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.
The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.
DISTRIBUTION ESTIMATES | September 2024 | YEAR-TO-DATE (YTD) September 30, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 47.74 % | 44.28 % | ||
Net Realized Short-Term Capital Gains | 2.58 % | 0.29 % | ||
Net Realized Long-Term Capital Gains | 49.68 % | 55.43 % | ||
Return of Capital (or other Capital Source) | 0.00 % | 0.00 % | ||
Total Current Distribution | 100.00 % | 100.00 % | ||
You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.
*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
The Fund's Year-to-date Cumulative Total Return for fiscal year 2024 (January 1, 2024 through August 31, 2024) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2024. In addition, the Fund's Average Annual Total Return for the five-year period ending August 31, 2024 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2024. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Fund Performance and Distribution Rate Information:
Year-to-date January 1, 2024 to August 31, 2024 | |
Year-to-date Cumulative Total Return1 | 16.33 % |
Cumulative Distribution Rate2 | 5.53 % |
Five-year period ending August 31, 2024 | |
Average Annual Total Return3 | 6.53 % |
Current Annualized Distribution Rate4 | 7.37 % |
1. | Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions. |
2. | Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2024 through September 30, 2024) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of August 31, 2024. |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending August 31, 2024. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of those distributions. |
4. | The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of August 31, 2024. |
Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.
Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.
Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in
Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
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SOURCE Cohen & Steers, Inc.
FAQ
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