Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) 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 61.88% from net investment income and 38.12% from net realized long-term capital gains.
The Fund's year-to-date cumulative total return from January 1 to August 31, 2024, is 10.16%, with a cumulative distribution rate of 5.77%. The five-year average annual total return ending August 31, 2024, is 5.61%, with a current annualized distribution rate of 7.70%. Shareholders are advised that the Fund may distribute more than its income and capital gains, resulting in a return of capital, which is not taxable but reduces the shareholder's tax basis in Fund shares.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) ha annunciato le sue fonti di distribuzione per il 30 settembre 2024 e le distribuzioni cumulative per l'anno fiscale fino ad oggi. Il Fondo segue una politica di distribuzione gestita per fornire il 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 61.88% da reddito netto da investimenti e per il 38.12% da guadagni di capitale a lungo termine realizzati netti.
Il rendimento totale cumulativo anno-to-date del Fondo dal 1 gennaio al 31 agosto 2024 è del 10.16%, con un tasso di distribuzione cumulativa del 5.77%. Il rendimento totale medio annuo su cinque anni fino al 31 agosto 2024 è del 5.61%, con un attuale tasso di distribuzione annualizzato del 7.70%. Si avvisa gli azionisti che il Fondo potrebbe distribuire più del suo reddito e dei guadagni di capitale, risultando in un ritorno di capitale, che non è tassabile ma riduce la base imponibile degli azionisti nelle azioni del Fondo.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) ha anunciado sus fuentes de distribución para el 30 de septiembre de 2024 y las distribuciones acumuladas para el año fiscal hasta la fecha. El Fondo sigue una política de distribución gestionada para ofrecer el 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 61.88% de ingresos netos de inversión y un 38.12% de ganancias de capital a largo plazo realizados netamente.
El rendimiento total acumulado hasta la fecha del Fondo del 1 de enero al 31 de agosto de 2024 es del 10.16%, con una tasa de distribución acumulada del 5.77%. El rendimiento total anual promedio a cinco años que finaliza el 31 de agosto de 2024 es del 5.61%, con una tasa de distribución anualizada actual del 7.70%. Se aconseja a los accionistas que el Fondo puede distribuir más de sus ingresos y ganancias de capital, resultando en un retorno de capital, que no es imponible pero reduce la base impositiva del accionista en las acciones del Fondo.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI)는 2024년 9월 30일 배급 출처와 회계 연도 기준 누적 배급을 발표했습니다. 이 펀드는 정기적인 월간 배급을 통해 장기 총 수익 잠재력을 제공하기 위해 관리된 배급 정책을 따릅니다. 2024년 9월에는 $0.0800의 주당 배급이 이루어지며, 이는 61.88%가 순투자소득에서, 38.12%가 순 실현 장기 자본 이익에서 발생합니다.
2024년 1월 1일부터 8월 31일까지의 연간 누적 총 수익은 10.16%이며 누적 배급 비율은 5.77%입니다. 2024년 8월 31일 기준 5년 평균 연간 총 수익은 5.61%이며, 현재 연화 배급 비율은 7.70%입니다. 주주들은 이 펀드가 소득 및 자본 이익 이상으로 배급할 수 있으며, 이는 자본 반환을 초래할 수 있음을 유의해야 하며, 이러한 반환은 과세되지 않지만 주주의 펀드 주식에 대한 세금 기초를 줄입니다.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) a annoncé ses sources de distribution pour le 30 septembre 2024, ainsi que les distributions cumulées pour l'exercice en cours. Le Fonds suit une politique de distribution gérée afin de fournir un potentiel de rendement total à long terme par le biais de distributions mensuelles régulières. Pour septembre 2024, la distribution de 0,0800 USD par action se compose de 61,88 % de revenus nets d'investissement et de 38,12 % de gains en capital à long terme réalisés nets.
Le rendement total cumulé à ce jour du Fonds du 1er janvier au 31 août 2024 est de 10,16 %, avec un taux de distribution cumulée de 5,77 %. Le rendement total annuel moyen sur cinq ans se terminant le 31 août 2024 est de 5,61 %, avec un taux de distribution annualisé actuel de 7,70 %. Les actionnaires sont avisés que le Fonds peut distribuer plus que ses revenus et ses gains en capital, ce qui entraîne un retour de capital, qui n'est pas imposable mais réduit la base fiscale de l'actionnaire dans les actions du Fonds.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) hat seine Verteilungsquellen für den 30. September 2024 und die kumulierten Ausschüttungen für das laufende Geschäftsjahr bekannt gegeben. Der Fonds folgt einer verwalteten Ausschüttungspolitik, um das langfristige Gesamtertragspotenzial durch regelmäßige monatliche Ausschüttungen bereitzustellen. Für September 2024 beträgt die Ausschüttung von 0,0800 USD pro Aktie 61,88% aus nettoertraglichen Einkünften und 38,12% aus realisierten langfristigen Kapitalgewinnen.
Die jährlich kumulierte Gesamtrendite des Fonds vom 1. Januar bis zum 31. August 2024 beträgt 10,16%, bei einer kumulierten Ausschüttungsquote von 5,77%. Die fünfjährige durchschnittliche jährliche Gesamtrendite, die am 31. August 2024 endet, liegt bei 5,61% mit einer aktuellen annualisierten Ausschüttungsrate von 7,70%. Aktionären wird geraten, dass der Fonds mehr als sein Einkommen und seine Kapitalgewinne ausschütten kann, was zu einer Rückzahlung von Kapital führen kann, die nicht besteuert wird, aber die steuerliche Basis des Aktionärs in den Fondsanteilen verringert.
- Year-to-date cumulative total return of 10.16% as of August 31, 2024
- Current annualized distribution rate of 7.70%
- Five-year average annual total return of 5.61%
- Potential return of capital in distributions, which may reduce shareholders' tax basis
Insights
This distribution announcement from Cohen & Steers Total Return Realty Fund (RFI) provides valuable insights for investors. The fund's managed distribution policy, implemented in 2011, aims to deliver long-term total return through regular monthly distributions. For September 2024, the
Year-to-date, the fund has distributed
The current annualized distribution rate of
The Cohen & Steers Total Return Realty Fund's distribution composition reflects the current state of the real estate market. The significant portion of net investment income (
The year-to-date figures show a balanced approach, with substantial long-term gains (
Investors should monitor the real estate market closely, as factors like interest rates and property market trends can significantly impact the fund's future performance and distribution composition.
In December 2011, 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 | 61.88 % | 30.92 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 14.82 % | ||
Net Realized Long-Term Capital Gains | 38.12 % | 46.53 % | ||
Return of Capital (or other Capital Source) | 0.00 % | 7.73 % | ||
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 Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. 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 | 10.16 % |
Cumulative Distribution Rate2 | 5.77 % |
Five-year period ending August 31, 2024 | |
Average Annual Total Return3 | 5.61 % |
Current Annualized Distribution Rate4 | 7.70 % |
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 September 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.
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