Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) has announced its distribution sources for September 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 September 2024, the distribution of $0.0800 per share comprises 79.88% from net investment income and 20.12% from net realized long-term capital gains.
Year-to-date distributions totaling $0.7200 per share include 33.07% from net investment income and 66.93% from net realized long-term capital gains. The Fund's year-to-date cumulative total return is 13.30%, with a cumulative distribution rate of 5.14%. The Fund's five-year average annual total return is 6.75%, with a current annualized distribution rate of 6.85%.
Il Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) ha annunciato le sue fonti di distribuzione per il 30 settembre 2024 e le distribuzioni cumulative finora per l'anno fiscale. Il Fondo segue una politica di distribuzione gestita per offrire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari. Per settembre 2024, la distribuzione di $0,0800 per azione è composta per il 79,88% da reddito da investimenti netti e per il 20,12% da guadagni di capitale netti a lungo termine realizzati.
Le distribuzioni da inizio anno, totalizzando $0,7200 per azione, includono il 33,07% da reddito da investimenti netti e il 66,93% da guadagni di capitale netti a lungo termine realizzati. Il rendimento totale cumulativo del Fondo da inizio anno è 13,30%, con un tasso di distribuzione cumulativa del 5,14%. Il rendimento totale medio annuale del Fondo negli ultimi cinque anni è del 6,75%, con un attuale tasso di distribuzione annualizzato del 6,85%.
El Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) ha anunciado sus fuentes de distribución para el 30 de septiembre de 2024 y las distribuciones acumuladas del año fiscal hasta la fecha. El fondo sigue una política de distribución gestionada para ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares. Para septiembre de 2024, la distribución de $0.0800 por acción se compone de un 79.88% de ingresos netos de inversión y un 20.12% de ganancias de capital netas a largo plazo realizadas.
Las distribuciones acumuladas hasta la fecha totalizan $0.7200 por acción, incluyendo un 33.07% de ingresos netos de inversión y un 66.93% de ganancias de capital netas a largo plazo realizadas. El rendimiento total acumulado del fondo hasta la fecha es 13.30%, con una tasa de distribución acumulativa del 5.14%. El rendimiento total anual promedio del fondo durante los últimos cinco años es del 6.75%, con una tasa de distribución anualizada actual del 6.85%.
Cohen & Steers 품질 소득 부동산 펀드, Inc. (NYSE: RQI)는 2024년 9월 30일의 배당 출처와 회계 연도 누적 배당금을 발표했습니다. 이 펀드는 정기적인 월별 배당을 통해 장기적인 총수익 잠재력을 제공하기 위한 관리 배당 정책을 따릅니다. 2024년 9월에 각 주당 $0.0800의 배당금은 순 투자 수익으로부터 79.88%와 순 실현 장기 자본 이득으로부터 20.12%를 포함합니다.
연초부터 현재까지 총 배당금 $0.7200는 순 투자 수익으로부터 33.07%와 순 실현 장기 자본 이득으로부터 66.93%를 포함합니다. 펀드의 연초 누적 총 수익률은 13.30%이며, 누적 배당률은 5.14%입니다. 펀드의 최근 5년 평균 연간 총 수익률은 6.75%로, 현재 연간화된 배당률은 6.85%입니다.
Le Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) a annoncé ses sources de distribution pour le 30 septembre 2024 et les distributions cumulées jusqu'à la date pour l'exercice en cours. Le fonds suit une politique de distribution gérée afin d'offrir un potentiel de rendement total à long terme à travers des distributions mensuelles régulières. Pour septembre 2024, la distribution de 0,0800 $ par action se compose de 79,88 % de revenus d'investissement nets et de 20,12 % de gains en capital nets à long terme réalisés.
Les distributions depuis le début de l'année totalisent 0,7200 $ par action, incluant 33,07 % de revenus d'investissement nets et 66,93 % de gains en capital nets à long terme réalisés. Le rendement total cumulatif du fonds depuis le début de l'année est de 13,30%, avec un taux de distribution cumulatif de 5,14 %. Le rendement total annuel moyen du fonds au cours des cinq dernières années est de 6,75 %, avec un taux de distribution annualisé actuel de 6,85 %.
Der Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) hat seine Verteilungsquellen für den 30. September 2024 und die kumulierten Verteilungen für das bis heute laufende Geschäftsjahr bekanntgegeben. Der Fonds folgt einer verwalteten Verteilungspolitik, um das Potenzial für langfristige Gesamtrendite durch regelmäßige monatliche Ausschüttungen zu bieten. Für September 2024 setzt sich die Ausschüttung von 0,0800 $ pro Aktie aus 79,88 % aus netto Investmenterträgen und 20,12 % aus netto realisierten langfristigen Kapitalgewinnen zusammen.
Die bisher im Jahr gezahlten Ausschüttungen belaufen sich auf insgesamt 0,7200 $ pro Aktie und umfassen 33,07 % aus netto Investmenterträgen und 66,93 % aus netto realisierten langfristigen Kapitalgewinnen. Die kumulierte Gesamtverzinsung des Fonds seit Jahresbeginn beträgt 13,30%, bei einer kumulierten Ausschüttungsquote von 5,14 %. Die durchschnittliche jährliche Gesamtrendite des Fonds über die letzten fünf Jahre beträgt 6,75 %, mit einer aktuellen annualisierten Ausschüttungsquote von 6,85 %.
- Year-to-date cumulative total return of 13.30%
- Five-year average annual total return of 6.75%
- Current annualized distribution rate of 6.85%
- No return of capital in current distribution, indicating earnings cover the payout
- None.
Insights
This distribution announcement from Cohen & Steers Quality Income Realty Fund (RQI) 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
Year-to-date performance is strong, with a
However, investors should note that the sources of distributions may change and a portion could be classified as return of capital, which is not immediately taxable but reduces the cost basis of shares. The fund's NAV-based performance metrics provide a clearer picture of true returns compared to market price fluctuations.
The tax implications of this distribution are important for investors to understand. While the current distribution is entirely from income and long-term capital gains, the fund notes that final tax characteristics can't be determined until year-end. This is particularly relevant for distributions from REITs held by the fund, which may be reclassified later.
Investors should be aware that return of capital, while not immediately taxable, reduces their cost basis in the fund shares. This can impact capital gains calculations when shares are eventually sold. The fund's commitment to providing Form 1099-DIV for tax reporting is helpful, but investors may need to adjust their tax strategies based on final classifications.
The managed distribution policy's flexibility in realizing and distributing capital gains throughout the year could lead to more complex tax situations compared to funds that distribute primarily from income. Consulting with a tax professional is advisable for shareholders to optimize their tax planning around these distributions.
In December 2012, 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. The 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 real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to the Fund after year end by REITs held by the Fund. 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 Amount | % of Current Distribution | Per Share Amount | % of 2024 Distributions |
Net Investment Income | 79.88 % | 33.07 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 0.00 % | ||
Net Realized Long-Term Capital Gains | 20.12 % | 66.93 % | ||
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 | 13.30 % |
Cumulative Distribution Rate2 | 5.14 % |
Five-year period ending August 31, 2024 | |
Average Annual Total Return3 | 6.75 % |
Current Annualized Distribution Rate4 | 6.85 % |
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
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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.
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