Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced its distribution for August 2024, to be paid on August 30, 2024. The Fund follows a managed distribution policy implemented in December 2017, aiming to deliver long-term total return potential through regular monthly distributions. For August 2024, the distribution is $0.1360 per share, entirely sourced from net investment income. Year-to-date distributions total $1.0880 per share. The Fund's year-to-date cumulative total return is 8.07%, with a cumulative distribution rate of 5.08%. The Fund's five-year average annual total return is 6.39%, with a current annualized distribution rate of 7.62%.
Cohen & Steers REIT e Preferred and Income Fund, Inc. (NYSE: RNP) ha annunciato la sua distribuzione per agosto 2024, che sarà pagata il 30 agosto 2024. Il Fondo segue una politica di distribuzione gestita implementata a dicembre 2017, con l'obiettivo di offrire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari. Per agosto 2024, la distribuzione è di $0.1360 per azione, interamente derivata dal reddito netto da investimenti. Le distribuzioni dall'inizio dell'anno ammontano a $1.0880 per azione. Il rendimento cumulativo del Fondo dall'inizio dell'anno è 8.07%, con un tasso di distribuzione cumulativa del 5.08%. Il rendimento totale annuale medio del Fondo negli ultimi cinque anni è 6.39%, con un attuale tasso di distribuzione annualizzato del 7.62%.
Cohen & Steers REIT y Preferred and Income Fund, Inc. (NYSE: RNP) ha anunciado su distribución para agosto de 2024, que se pagará el 30 de agosto de 2024. El Fondo sigue una política de distribución gestionada implementada en diciembre de 2017, con el objetivo de ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares. Para agosto de 2024, la distribución es de $0.1360 por acción, completamente proveniente de ingresos netos de inversión. Las distribuciones acumuladas hasta la fecha son $1.0880 por acción. El rendimiento total acumulado del Fondo hasta la fecha es 8.07%, con una tasa de distribución acumulativa del 5.08%. La tasa de rendimiento total anual promedio del Fondo durante los últimos cinco años es 6.39%, con una tasa de distribución anualizada actual del 7.62%.
Cohen & Steers REIT 및 Preferred and Income Fund, Inc. (NYSE: RNP)는 2024년 8월 분배를 발표했으며, 2024년 8월 30일에 지급될 예정입니다. 이 펀드는 2017년 12월에 시행된 관리 분배 정책을 따르며, 정기적인 월간 분배를 통해 장기적인 총 수익 잠재력을 제공하는 것을 목표로 하고 있습니다. 2024년 8월에 대한 분배액은 $0.1360 per 주식으로, 순 투자 소득에서 전액 발생합니다. 연초부터의 누적 분배는 $1.0880 per 주식입니다. 펀드의 연초 누적 총 수익률은 8.07%이며, 누적 분배율은 5.08%입니다. 펀드의 최근 5년 평균 연간 총 수익률은 6.39%로, 현재 연간화된 분배율은 7.62%입니다.
Cohen & Steers REIT et Preferred and Income Fund, Inc. (NYSE: RNP) ont annoncé leur distribution pour août 2024, qui sera versée le 30 août 2024. Le Fonds suit une politique de distribution gérée mise en œuvre en décembre 2017, visant à offrir un potentiel de rendement total à long terme par le biais de distributions mensuelles régulières. Pour août 2024, la distribution s'élève à $0.1360 par action, entièrement provenant du revenu net des investissements. Les distributions depuis le début de l'année s'élèvent à $1.0880 par action. Le rendement total cumulé du Fonds depuis le début de l'année est de 8.07%, avec un taux de distribution cumulé de 5.08%. Le rendement total annuel moyen du Fonds sur les cinq dernières années est de 6.39%, avec un taux de distribution annualisé actuel de 7.62%.
Cohen & Steers REIT und Preferred and Income Fund, Inc. (NYSE: RNP) haben ihre Ausschüttung für August 2024 angekündigt, die am 30. August 2024 ausgezahlt wird. Der Fonds folgt einer verwalteten Ausschüttungspolitik, die im Dezember 2017 eingeführt wurde, um das Potenzial für langfristige Gesamterträge durch regelmäßige monatliche Ausschüttungen zu bieten. Für August 2024 beträgt die Ausschüttung $0.1360 pro Aktie, die vollständig aus dem Nettoanlageergebnis stammt. Die Ausschüttungen seit Jahresbeginn betragen insgesamt $1.0880 pro Aktie. Die kumulierte Gesamtrendite des Fonds seit Jahresbeginn liegt bei 8.07%, mit einer kumulierten Ausschüttungsquote von 5.08%. Die durchschnittliche jährliche Gesamtrendite des Fonds über die letzten fünf Jahre beträgt 6.39%, mit einer aktuellen annualisierten Ausschüttungsrate von 7.62%.
- Consistent monthly distributions of $0.1360 per share
- Year-to-date cumulative total return of 8.07%
- Five-year average annual total return of 6.39%
- Current annualized distribution rate of 7.62%
- None.
In December 2017, 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 | August 2024 | YEAR-TO-DATE (YTD) August 30, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 100.00 % | 100.00 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 0.00 % | ||
Net Realized Long-Term Capital Gains | 0.00 % | 0.00 % | ||
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 | 8.07 % |
Cumulative Distribution Rate2 | 5.08 % |
Five-year period ending July 31, 2024 | |
Average Annual Total Return3 | 6.39 % |
Current Annualized Distribution Rate4 | 7.62 % |
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 August 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 July 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 July 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 July 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.
View original content:https://www.prnewswire.com/news-releases/cohen--steers-reit-and-preferred-and-income-fund-inc-rnp-notification-of-sources-of-distribution-under-section-19a-302233448.html
SOURCE Cohen & Steers, Inc.
FAQ
What is the August 2024 distribution amount for Cohen & Steers REIT and Preferred and Income Fund (RNP)?
What is the source of the August 2024 distribution for RNP?
What is the year-to-date cumulative total return for RNP as of July 31, 2024?
What is the five-year average annual total return for RNP ending July 31, 2024?
