Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Infrastructure Fund (UTF) has announced its monthly distribution details for February 28, 2025. The Fund operates under a managed distribution policy implemented in March 2015, which aims to deliver long-term total returns through regular monthly distributions at fixed rates per share.
The distributions may include various components such as long-term capital gains, short-term capital gains, net investment income, and return of capital. The Fund's distributions from MLP investments are attributed to different sources, including net investment income and return of capital. Monthly distribution amounts may vary based on portfolio and market conditions.
The Fund's Board of Directors maintains the authority to modify or terminate the managed distribution policy, which could impact the Fund's market price. Shareholders are advised that distribution source estimates are subject to change and will receive Form 1099-DIV for accurate tax reporting.
Il Fondo Infrastrutture Cohen & Steers (UTF) ha annunciato i dettagli della distribuzione mensile per il 28 febbraio 2025. Il Fondo opera secondo una politica di distribuzione gestita implementata nel marzo 2015, che mira a fornire rendimenti totali a lungo termine attraverso distribuzioni mensili regolari a tassi fissi per azione.
Le distribuzioni possono includere vari componenti come guadagni in conto capitale a lungo termine, guadagni in conto capitale a breve termine, reddito da investimenti netti e restituzione di capitale. Le distribuzioni del Fondo derivanti da investimenti in MLP sono attribuite a diverse fonti, inclusi reddito da investimenti netti e restituzione di capitale. Gli importi delle distribuzioni mensili possono variare in base alle condizioni del portafoglio e del mercato.
Il Consiglio di Amministrazione del Fondo mantiene l'autorità di modificare o terminare la politica di distribuzione gestita, il che potrebbe influenzare il prezzo di mercato del Fondo. Si consiglia agli azionisti che le stime delle fonti di distribuzione sono soggette a modifiche e riceveranno il Modulo 1099-DIV per una corretta segnalazione fiscale.
El Fondo de Infraestructura Cohen & Steers (UTF) ha anunciado los detalles de su distribución mensual para el 28 de febrero de 2025. El Fondo opera bajo una política de distribución gestionada implementada en marzo de 2015, que tiene como objetivo proporcionar rendimientos totales a largo plazo a través de distribuciones mensuales regulares a tasas fijas por acción.
Las distribuciones pueden incluir varios componentes, como ganancias de capital a largo plazo, ganancias de capital a corto plazo, ingresos netos de inversiones y devolución de capital. Las distribuciones del Fondo provenientes de inversiones en MLP se atribuyen a diferentes fuentes, incluidos los ingresos netos de inversiones y la devolución de capital. Los montos de las distribuciones mensuales pueden variar según las condiciones del portafolio y del mercado.
La Junta Directiva del Fondo mantiene la autoridad para modificar o terminar la política de distribución gestionada, lo que podría afectar el precio de mercado del Fondo. Se aconseja a los accionistas que las estimaciones de las fuentes de distribución están sujetas a cambios y recibirán el Formulario 1099-DIV para una correcta declaración fiscal.
코헨 & 스티어스 인프라 펀드 (UTF)는 2025년 2월 28일에 대한 월간 배당금 세부 사항을 발표했습니다. 이 펀드는 2015년 3월에 시행된 관리 배당 정책에 따라 운영되며, 이는 고정된 주당 배당금을 통해 장기 총 수익을 제공하는 것을 목표로 합니다.
배당금은 장기 자본 이익, 단기 자본 이익, 순 투자 소득 및 자본 반환과 같은 다양한 구성 요소를 포함할 수 있습니다. MLP 투자로부터의 펀드 배당금은 순 투자 소득 및 자본 반환을 포함한 다양한 출처에 기인합니다. 월간 배당금 금액은 포트폴리오 및 시장 조건에 따라 달라질 수 있습니다.
펀드 이사회는 관리 배당 정책을 수정하거나 종료할 권한을 유지하며, 이는 펀드의 시장 가격에 영향을 미칠 수 있습니다. 주주들은 배당금 출처 추정치가 변경될 수 있으며, 정확한 세금 보고를 위해 1099-DIV 양식을 받을 것이라고 조언받습니다.
Fonds d'Infrastructure Cohen & Steers (UTF) a annoncé les détails de sa distribution mensuelle pour le 28 février 2025. Le Fonds fonctionne selon une politique de distribution gérée mise en œuvre en mars 2015, qui vise à fournir des rendements totaux à long terme grâce à des distributions mensuelles régulières à des taux fixes par action.
Les distributions peuvent inclure divers composants tels que des gains en capital à long terme, des gains en capital à court terme, des revenus nets d'investissement et un retour de capital. Les distributions du Fonds provenant d'investissements en MLP sont attribuées à différentes sources, y compris les revenus nets d'investissement et le retour de capital. Les montants des distributions mensuelles peuvent varier en fonction des conditions du portefeuille et du marché.
Le Conseil d'Administration du Fonds conserve le droit de modifier ou de mettre fin à la politique de distribution gérée, ce qui pourrait affecter le prix du marché du Fonds. Les actionnaires sont avisés que les estimations des sources de distribution sont susceptibles de changer et recevront le formulaire 1099-DIV pour un rapport fiscal précis.
Cohen & Steers Infrastrukturfonds (UTF) hat die Details seiner monatlichen Ausschüttung für den 28. Februar 2025 bekannt gegeben. Der Fonds operiert unter einer im März 2015 eingeführten verwalteten Ausschüttungspolitik, die darauf abzielt, langfristige Gesamterträge durch regelmäßige monatliche Ausschüttungen zu festen Sätzen pro Aktie zu liefern.
Die Ausschüttungen können verschiedene Komponenten enthalten, wie beispielsweise langfristige Kapitalgewinne, kurzfristige Kapitalgewinne, Nettoanlageerträge und Rückzahlungen von Kapital. Die Ausschüttungen des Fonds aus MLP-Investitionen stammen aus verschiedenen Quellen, einschließlich Nettoanlageerträgen und Rückzahlungen von Kapital. Die monatlichen Ausschüttungsbeträge können je nach Portfolio- und Marktbedingungen variieren.
Der Vorstand des Fonds behält sich das Recht vor, die verwaltete Ausschüttungspolitik zu ändern oder zu beenden, was den Marktpreis des Fonds beeinflussen könnte. Den Aktionären wird geraten, dass die Schätzungen der Ausschüttungsquellen Änderungen unterliegen und dass sie das Formular 1099-DIV für eine genaue Steuerberichterstattung erhalten werden.
- Consistent monthly distribution policy maintains regular shareholder returns
- Flexible distribution structure allows for long-term capital gains distribution throughout the year
- Distribution sources may include return of capital, which reduces shareholder tax basis
- Board can terminate or modify distribution policy, potentially affecting market price negatively
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 | February 2025 | YEAR-TO-DATE (YTD) February 28, 2025* | ||
Source | Per Share | % of Current | Per Share | % of 2025 |
Net Investment Income | 0.00 % | 2.13 % | ||
Net Realized Short-Term Capital Gains | 27.54 % | 40.48 % | ||
Net Realized Long-Term Capital Gains | 72.46 % | 57.39 % | ||
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 2025 (January 1, 2025 through January 31, 2025) 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 2025. In addition, the Fund's Average Annual Total Return for the five-year period ending January 31, 2025 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2025. 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, 2025 to January 31, 2025 | |
Year-to-date Cumulative Total Return1 | 1.11 % |
Cumulative Distribution Rate2 | 1.29 % |
Five-year period ending January 31, 2025 | |
Average Annual Total Return3 | 4.59 % |
Current Annualized Distribution Rate4 | 7.76 % |
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, 2025 through February 28, 2025) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of January 31, 2025. |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending January 31, 2025. 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 January 31, 2025. |
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.
FAQ
When will UTF shareholders receive their next distribution payment?
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