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 September 2024, payable on September 30, 2024. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. Key points:
- The current distribution is $0.1360 per share, sourced entirely from Net Investment Income.
- Year-to-date distributions total $1.2240 per share, also sourced entirely from Net Investment Income.
- The Fund's Year-to-date Cumulative Total Return (Jan 1 - Aug 31, 2024) is 12.99%.
- The Cumulative Distribution Rate for the current fiscal period is 5.50%.
- The Fund's Average Annual Total Return for the five-year period ending August 31, 2024, is 6.39%.
- The Current Annualized Distribution Rate is 7.33%.
Shareholders are advised not to use this information for tax preparation and to await Form 1099-DIV for accurate tax reporting.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) ha annunciato la propria distribuzione per settembre 2024, che sarà pagata il 30 settembre 2024. Il Fondo segue una politica di distribuzione gestita per fornire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari. Punti chiave:
- La distribuzione attuale è di 0,1360 dollari per azione, totalmente proveniente da reddito da investimenti netti.
- Le distribuzioni dall'inizio dell'anno ammontano a 1,2240 dollari per azione, anch'esse provenienti interamente da reddito da investimenti netti.
- Il rendimento totale cumulativo del Fondo dall'inizio dell'anno (1 gennaio - 31 agosto 2024) è del 12,99%.
- Il tasso di distribuzione cumulativa per l'attuale periodo fiscale è del 5,50%.
- Il rendimento totale annuo medio del Fondo per il periodo di cinque anni che termina il 31 agosto 2024 è del 6,39%.
- Il tasso di distribuzione annualizzato attuale è del 7,33%.
Si consiglia agli azionisti di non utilizzare queste informazioni per la preparazione della dichiarazione dei redditi e di attendere il modulo 1099-DIV per una corretta segnalazione fiscale.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) ha anunciado su distribución para septiembre de 2024, que se pagará el 30 de septiembre de 2024. El Fondo sigue una política de distribución gestionada para ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares. Puntos clave:
- La distribución actual es de $0.1360 por acción, proveniente completamente de ingresos netos por inversiones.
- Las distribuciones acumuladas hasta la fecha son de $1.2240 por acción, también provenientes completamente de ingresos netos por inversiones.
- El rendimiento total acumulado del Fondo hasta la fecha (del 1 de enero al 31 de agosto de 2024) es del 12.99%.
- La tasa de distribución acumulativa para el período fiscal actual es del 5.50%.
- El rendimiento total anual promedio del Fondo para el período de cinco años que finaliza el 31 de agosto de 2024 es del 6.39%.
- La tasa de distribución anualizada actual es del 7.33%.
Se aconseja a los accionistas que no utilicen esta información para la preparación de impuestos y que esperen el formulario 1099-DIV para un informe fiscal preciso.
Cohen & Steers REIT 및 Preferred and Income Fund, Inc. (NYSE: RNP)는 2024년 9월 배당금을 발표했으며, 이는 2024년 9월 30일에 지급될 예정입니다. 해당 기금은 정기적인 월 배당금을 통해 장기적인 총 수익 잠재력을 제공하는 관리 배당 정책을 따릅니다. 주요 사항:
- 현재 배당금은 주당 $0.1360이며, 순투자소득에서 전액 충당됩니다.
- 올해 누적 배당금은 주당 $1.2240이며, 이것도 순투자소득에서 전액 충당됩니다.
- 기금의 연초 대비 누적 총 수익률(2024년 1월 1일 - 2024년 8월 31일)은 12.99%입니다.
- 현재 회계 기간의 누적 배당률은 5.50%입니다.
- 2024년 8월 31일로 종료되는 5년 동안의 기금 평균 연간 총 수익률은 6.39%입니다.
- 현재 연환산 배당률은 7.33%입니다.
주주들은 이 정보를 세금 준비에 사용하지 말고 정확한 세금 보고를 위해 1099-DIV 양식을 기다릴 것을 권장합니다.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) a annoncé sa distribution pour septembre 2024, payable le 30 septembre 2024. Le Fonds suit une politique de distribution gérée pour offrir un potentiel de rendement total à long terme à travers des distributions mensuelles régulières. Points clés:
- La distribution actuelle est de 0,1360 $ par action, entièrement provenant de revenus d'investissement nets.
- Les distributions depuis le début de l'année s'élèvent à 1,2240 $ par action, également entièrement provenant de revenus d'investissement nets.
- Le rendement total cumulé du Fonds depuis le début de l'année (1er janvier - 31 août 2024) est de 12,99%.
- Le taux de distribution cumulatif pour la période fiscale actuelle est de 5,50%.
- Le rendement total annuel moyen du Fonds pour la période de cinq ans se terminant le 31 août 2024 est de 6,39%.
- Le taux de distribution annualisé actuel est de 7,33%.
Il est conseillé aux actionnaires de ne pas utiliser ces informations pour la préparation des impôts et d'attendre le formulaire 1099-DIV pour un rapport fiscal précis.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) hat seine Ausschüttung für September 2024 angekündigt, die am 30. September 2024 ausgezahlt wird. Der Fonds folgt einer verwalteten Ausschüttungspolitik, um ein langfristiges Gesamtrenditepotenzial durch regelmäßige monatliche Ausschüttungen zu liefern. Wichtige Punkte:
- Die aktuelle Ausschüttung beträgt 0,1360 US-Dollar pro Aktie und stammt vollständig aus Nettoinvestitionserträgen.
- Die Ausschüttungen seit Jahresbeginn betragen 1,2240 US-Dollar pro Aktie, ebenfalls vollständig aus Nettoinvestitionserträgen.
- Die kumulierte Gesamtrendite des Fonds seit Jahresbeginn (1. Januar - 31. August 2024) beträgt 12,99%.
- Die kumulierte Ausschüttungsquote für den aktuellen Geschäftsjahr beträgt 5,50%.
- Die durchschnittliche jährliche Gesamtrendite des Fonds für den fünfjährigen Zeitraum bis zum 31. August 2024 beträgt 6,39%.
- Die aktuelle annualisierte Ausschüttungsquote beträgt 7,33%.
Aktionäre wird geraten, diese Informationen nicht für die Steuererklärung zu verwenden und auf das Formular 1099-DIV für eine korrekte Steuerberichterstattung zu warten.
- Year-to-date Cumulative Total Return of 12.99% as of August 31, 2024
- Current Annualized Distribution Rate of 7.33%
- Average Annual Total Return of 6.39% for the five-year period ending August 31, 2024
- None.
Insights
This press release provides important information about Cohen & Steers REIT and Preferred and Income Fund's (RNP) distribution sources and performance metrics. Key points include:
- The Fund's
$0.1360 per share September distribution comes entirely from net investment income. - Year-to-date cumulative total return is
12.99% , with a cumulative distribution rate of5.50% . - The Fund's 5-year average annual total return is
6.39% , with a current annualized distribution rate of7.33% .
These figures suggest the Fund is generating solid returns and maintaining a healthy distribution rate. The fact that distributions are fully covered by net investment income is positive for income-focused investors. However, it's important to note that past performance doesn't guarantee future results and the Fund's NAV-based returns may differ from market price returns.
This distribution notice highlights the stability of RNP's income-focused strategy. As a REIT and preferred securities fund, it's encouraging to see distributions fully sourced from net investment income, indicating the underlying holdings are generating sufficient cash flow to cover payouts without relying on capital gains or return of capital.
The Fund's year-to-date return of
The current annualized distribution rate of
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 | September 2024 | YEAR-TO-DATE (YTD) September 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 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 | 12.99 % |
Cumulative Distribution Rate2 | 5.50 % |
Five-year period ending August 31, 2024 | |
Average Annual Total Return3 | 6.39 % |
Current Annualized Distribution Rate4 | 7.33 % |
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.
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-302261489.html
SOURCE Cohen & Steers, Inc.
FAQ
What is the current distribution amount for Cohen & Steers REIT and Preferred and Income Fund (RNP) in September 2024?
What is the source of RNP's September 2024 distribution?
What is RNP's Year-to-date Cumulative Total Return as of August 31, 2024?
What is the Current Annualized Distribution Rate for RNP as of August 31, 2024?
