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 sources for August 30, 2024, and cumulative distributions for the fiscal year-to-date. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For August 2024, the distribution of $0.1550 per share comprises 52.32% from net investment income and 47.68% from net realized long-term capital gains. Year-to-date, the Fund's distributions consist of 43.53% net investment income and 56.47% net realized long-term capital gains. The Fund's year-to-date cumulative total return is 10.94%, with a cumulative distribution rate of 5.12%. The five-year average annual total return ending July 31, 2024, is 6.12%, with a current annualized distribution rate of 7.68%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) ha annunciato le proprie fonti di distribuzione per il 30 agosto 2024 e le distribuzioni cumulative dall'inizio dell'anno fiscale. Il Fondo segue una politica di distribuzione gestita per offrire potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari. Per agosto 2024, la distribuzione di $0.1550 per azione è composta da 52.32% di reddito da investimenti netti e 47.68% di guadagni di capitale a lungo termine netti realizzati. Dall'inizio dell'anno, le distribuzioni del Fondo consistono in 43.53% di reddito da investimenti netti e 56.47% di guadagni di capitale a lungo termine netti realizzati. Il rendimento totale cumulativo del Fondo dall'inizio dell'anno è 10.94%, con un tasso di distribuzione cumulativa del 5.12%. Il rendimento totale annuale medio su cinque anni alla data del 31 luglio 2024 è 6.12%, con un attuale tasso di distribuzione annualizzato del 7.68%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) ha anunciado sus fuentes de distribución para el 30 de agosto de 2024 y las distribuciones acumuladas hasta la fecha del año fiscal. El Fondo sigue una política de distribución gestionada para ofrecer potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares. Para agosto de 2024, la distribución de $0.1550 por acción se compone de 52.32% de ingresos netos de inversiones y 47.68% de ganancias de capital a largo plazo netas realizadas. Desde el inicio del año, las distribuciones del Fondo consisten en 43.53% de ingresos netos de inversiones y 56.47% de ganancias de capital a largo plazo netas realizadas. El rendimiento total acumulado del Fondo desde el inicio del año es 10.94%, con una tasa de distribución acumulada del 5.12%. El rendimiento total anual promedio de cinco años hasta el 31 de julio de 2024 es 6.12%, con una tasa de distribución anualizada actual del 7.68%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF)는 2024년 8월 30일자 배당 출처와 회계 연도 시작 이후 누적 배당금을 발표했습니다. 이 펀드는 관리형 배당 정책을 따르며, 정기적인 월별 배당금을 통해 장기 총 수익 잠재력을 제공합니다. 2024년 8월에 주당 $0.1550의 배당금은 52.32%는 순 투자 소득에서, 47.68%는 순 실현 장기 자본 이득에서 왔습니다. 회계 연도 시작 이후, 펀드의 배당금은 43.53% 순 투자 소득과 56.47% 순 실현 장기 자본 이득으로 구성됩니다. 펀드의 회계 연도 누적 총 수익률은 10.94%로, 누적 배당률은 5.12%입니다. 2024년 7월 31일 기준 5년 평균 연간 총 수익률은 6.12%로, 현재 연간화된 배당률은 7.68%입니다.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) a annoncé ses sources de distribution pour le 30 août 2024 et les distributions cumulées pour l'année fiscale en cours. Le Fonds suit une politique de distribution gérée pour offrir un potentiel de rendement total à long terme grâce à des distributions mensuelles régulières. Pour août 2024, la distribution de 0,1550 $ par action se compose de 52,32 % de revenus nets d'investissement et de 47,68 % de gains en capital à long terme nets réalisés. Depuis le début de l'année, les distributions du Fonds se composent de 43,53 % de revenus nets d'investissement et de 56,47 % de gains en capital à long terme nets réalisés. Le rendement total cumulé du Fonds depuis le début de l'année est de 10,94 %, avec un taux de distribution cumulatif de 5,12 %. Le rendement total annuel moyen sur cinq ans se terminant le 31 juillet 2024 est de 6,12 %, avec un taux de distribution annualisé actuel de 7,68 %.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) hat seine Verteilungsquellen für den 30. August 2024 sowie die kumulierten Ausschüttungen für das bisherige Geschäftsjahr bekannt gegeben. Der Fonds folgt einer verwalteten Ausschüttungspolitik, um langfristiges Gesamtrückgabepotenzial durch regelmäßige monatliche Ausschüttungen zu bieten. Für August 2024 besteht die Ausschüttung von $0.1550 pro Aktie aus 52.32% aus netto Investitionseinkommen und 47.68% aus netto realisierten langfristigen Kapitalgewinnen. Seither beträgt die Ausschüttung des Fonds für das laufende Jahr 43.53% netto Investitionseinkommen und 56.47% netto realisierte langfristige Kapitalgewinne. Die kumulierte Gesamtrendite des Fonds seit Jahresbeginn beträgt 10.94%, mit einem kumulierten Ausschüttungsrate von 5.12%. Die durchschnittliche jährliche Gesamtrendite über fünf Jahre zum 31. Juli 2024 beträgt 6.12%, mit einer aktuellen annualisierten Ausschüttungsrate von 7.68%.
- The Fund's year-to-date cumulative total return is 10.94%, indicating positive performance
- The current annualized distribution rate is 7.68%, which may be attractive to income-seeking investors
- The Fund's distributions are fully covered by net investment income and realized capital gains, with no return of capital
- The Fund's five-year average annual total return of 6.12% is lower than the current annualized distribution rate, which may raise concerns about long-term sustainability
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 | August 2024 | YEAR-TO-DATE (YTD) August 30, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 52.32 % | 43.53 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 0.00 % | ||
Net Realized Long-Term Capital Gains | 47.68 % | 56.47 % | ||
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 July 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 July 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 July 31, 2024 | |
Year-to-date Cumulative Total Return1 | 10.94 % |
Cumulative Distribution Rate2 | 5.12 % |
Five-year period ending July 31, 2024 | |
Average Annual Total Return3 | 6.12 % |
Current Annualized Distribution Rate4 | 7.68 % |
1. | Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period |
2. | Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2024 through August 30, 2024) |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for |
4. | The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage |
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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