Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Infrastructure Fund (NYSE: UTF) has announced its November 2024 distribution details and sources. The current distribution of $0.1550 per share comprises 63.16% from net investment income, 11.81% from short-term capital gains, and 25.03% from long-term capital gains. The Fund's year-to-date cumulative total return through October 31, 2024, is 17.05%, with a cumulative distribution rate of 6.80%. The Fund maintains a managed distribution policy implemented in March 2015, aiming to deliver long-term total returns through regular monthly distributions. The five-year average annual total return ending October 31, 2024, stands at 6.30%, with a current annualized distribution rate of 7.42%.
Il Cohen & Steers Infrastructure Fund (NYSE: UTF) ha annunciato i dettagli e le fonti della distribuzione di novembre 2024. L'attuale distribuzione di $0.1550 per azione è composta da 63.16% di reddito da investimento netto, 11.81% di guadagni di capitale a breve termine e 25.03% di guadagni di capitale a lungo termine. Il rendimento totale cumulato del Fondo da inizio anno, fino al 31 ottobre 2024, è del 17.05%, con un tasso di distribuzione cumulato del 6.80%. Il Fondo mantiene una politica di distribuzione gestita attuata nel marzo 2015, con l'obiettivo di fornire rendimenti totali nel lungo periodo attraverso distribuzioni mensili regolari. Il rendimento medio annuale totale su cinque anni che termina il 31 ottobre 2024 è del 6.30%, con un attuale tasso di distribuzione annualizzato del 7.42%.
El Cohen & Steers Infrastructure Fund (NYSE: UTF) ha anunciado los detalles de la distribución de noviembre de 2024 y sus fuentes. La distribución actual de $0.1550 por acción se compone de 63.16% de ingresos netos por inversiones, 11.81% de ganancias de capital a corto plazo y 25.03% de ganancias de capital a largo plazo. El rendimiento total acumulado del fondo desde el comienzo del año hasta el 31 de octubre de 2024 es del 17.05%, con una tasa de distribución acumulada del 6.80%. El fondo mantiene una política de distribución gestionada implementada en marzo de 2015, con el objetivo de ofrecer rendimientos totales a largo plazo a través de distribuciones mensuales regulares. El rendimiento total anual promedio de cinco años que finaliza el 31 de octubre de 2024 es del 6.30%, con una tasa de distribución anualizada actual del 7.42%.
코헨 & 스테어스 인프라 펀드 (NYSE: UTF)는 2024년 11월 배당금 세부 사항 및 출처를 발표했습니다. 현재 주당 배당금은 $0.1550로, 63.16%는 순투자소득, 11.81%는 단기 자본이득, 25.03%는 장기 자본이득에서 나옵니다. 2024년 10월 31일까지의 올해 누적 총 수익률은 17.05%이며, 누적 배당률은 6.80%입니다. 이 펀드는 2015년 3월에 시행된 관리된 배당 정책을 유지하고 있으며, 정기적인 월간 배당금을 통해 장기적인 총 수익을 제공하는 것을 목표로 하고 있습니다. 2024년 10월 31일 기준 5년 평균 연간 총 수익률은 6.30%이며, 현재 연환산 배당률은 7.42%입니다.
Le Cohen & Steers Infrastructure Fund (NYSE: UTF) a annoncé les détails et les sources de sa distribution de novembre 2024. La distribution actuelle de 0,1550 $ par action se compose de 63,16 % de revenus nets d'investissement, 11,81 % de gains en capital à court terme et 25,03 % de gains en capital à long terme. Le rendement total cumulé du Fonds depuis le début de l'année, jusqu'au 31 octobre 2024, est de 17,05 %, avec un taux de distribution cumulé de 6,80 %. Le Fonds maintient une politique de distribution gérée mise en œuvre en mars 2015, visant à offrir des rendements totaux à long terme grâce à des distributions mensuelles régulières. Le rendement annuel total moyen sur cinq ans se terminant le 31 octobre 2024 est de 6,30 %, avec un taux de distribution annualisé actuel de 7,42 %.
Der Cohen & Steers Infrastrukturfonds (NYSE: UTF) hat die Details und Quellen seiner Ausschüttung für November 2024 bekannt gegeben. Die aktuelle Ausschüttung von $0.1550 pro Aktie setzt sich aus 63.16% aus Nettoinvestitionserträgen, 11.81% aus kurzfristigen Kapitalgewinnen und 25.03% aus langfristigen Kapitalgewinnen zusammen. Die kumulierte Gesamtrendite des Fonds bis zum 31. Oktober 2024 beträgt 17.05%, mit einer kumulierten Ausschüttungsquote von 6.80%. Der Fonds verfolgt seit März 2015 eine verwaltete Ausschüttungspolitik, die darauf abzielt, über regelmäßige monatliche Ausschüttungen langfristige Gesamterträge zu erzielen. Die durchschnittliche jährliche Gesamtrendite über fünf Jahre bis zum 31. Oktober 2024 liegt bei 6.30%, mit einer aktuellen annualisierten Ausschüttungsquote von 7.42%.
- Year-to-date cumulative total return of 17.05%
- Current annualized distribution rate of 7.42%
- No return of capital in distributions (100% from income and gains)
- Five-year average annual total return of 6.30%
- None.
Insights
The Infrastructure Fund's distribution details reveal strong performance metrics and a healthy distribution composition. The fund's
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 | November 2024 | YEAR-TO-DATE (YTD) November 30, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 63.16 % | 45.28 % | ||
Net Realized Short-Term Capital Gains | 11.81 % | 5.35 % | ||
Net Realized Long-Term Capital Gains | 25.03 % | 49.37 % | ||
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 October 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 October 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 October 31, 2024 | |
Year-to-date Cumulative Total Return1 | 17.05 % |
Cumulative Distribution Rate2 | 6.80 % |
Five-year period ending October 31, 2024 | |
Average Annual Total Return3 | 6.30 % |
Current Annualized Distribution Rate4 | 7.42 % |
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 November 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 October 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 October 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 October 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.
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SOURCE Cohen & Steers, Inc.
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