Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Infrastructure Fund (UTF) has announced its distribution details for March 31, 2025, operating under a managed distribution policy implemented in March 2015. The policy aims to deliver long-term total returns through regular monthly distributions at fixed rates per share.
The Fund's monthly distributions may include various components: long-term capital gains, short-term capital gains, net investment income, and/or return of capital. Distributions from MLP investments are attributed to different sources, including net investment income and return of capital. The Board of Directors retains the right to modify or suspend this policy, which could impact the Fund's market price.
The Fund's performance metrics through February 28, 2025, include Year-to-date Cumulative Total Return and five-year Average Annual Total Return, with distributions based on the Fund's Net Asset Value (NAV). The Fund emphasizes that distribution amounts may vary based on portfolio and market conditions.
Il Fondo Infrastrutture Cohen & Steers (UTF) ha annunciato i dettagli della sua distribuzione per il 31 marzo 2025, operando sotto una politica di distribuzione gestita implementata a marzo 2015. La politica mira a fornire rendimenti totali a lungo termine attraverso distribuzioni mensili regolari a tassi fissi per azione.
Le distribuzioni mensili del Fondo possono includere vari componenti: guadagni in conto capitale a lungo termine, guadagni in conto capitale a breve termine, reddito da investimenti netti e/o restituzione di capitale. Le distribuzioni provenienti dagli investimenti in MLP sono attribuite a diverse fonti, tra cui reddito da investimenti netti e restituzione di capitale. Il Consiglio di Amministrazione si riserva il diritto di modificare o sospendere questa politica, il che potrebbe influenzare il prezzo di mercato del Fondo.
I parametri di performance del Fondo fino al 28 febbraio 2025 includono il Rendimento Totale Cumulativo da inizio anno e il Rendimento Totale Medio Annuale su cinque anni, con distribuzioni basate sul Valore Netto degli Attivi (NAV) del Fondo. Il Fondo sottolinea che gli importi delle distribuzioni possono variare in base alle condizioni del portafoglio e del mercato.
El Fondo de Infraestructura Cohen & Steers (UTF) ha anunciado los detalles de su distribución para el 31 de marzo de 2025, operando bajo una política de distribución gestionada implementada en marzo de 2015. La política tiene como objetivo ofrecer rendimientos totales a largo plazo a través de distribuciones mensuales regulares a tasas fijas por acción.
Las distribuciones mensuales del Fondo pueden incluir varios componentes: ganancias de capital a largo plazo, ganancias de capital a corto plazo, ingresos netos de inversiones y/o devolución de capital. Las distribuciones de inversiones en MLP se atribuyen a diferentes fuentes, incluyendo ingresos netos de inversiones y devolución de capital. La Junta Directiva se reserva el derecho de modificar o suspender esta política, lo que podría afectar el precio de mercado del Fondo.
Los indicadores de rendimiento del Fondo hasta el 28 de febrero de 2025 incluyen el Rendimiento Total Acumulado desde el inicio del año y el Rendimiento Total Anual Promedio a cinco años, con distribuciones basadas en el Valor Neto de los Activos (NAV) del Fondo. El Fondo enfatiza que los montos de las distribuciones pueden variar según las condiciones del portafolio y del mercado.
코헨 & 스티어스 인프라 펀드 (UTF)는 2025년 3월 31일 배분 세부사항을 발표했으며, 2015년 3월에 시행된 관리 배분 정책에 따라 운영되고 있습니다. 이 정책의 목표는 주당 고정 비율로 정기적인 월 배분을 통해 장기적인 총 수익을 제공하는 것입니다.
펀드의 월 배분에는 다양한 구성 요소가 포함될 수 있습니다: 장기 자본 이득, 단기 자본 이득, 순 투자 소득 및/또는 자본 반환. MLP 투자에서의 배분은 순 투자 소득 및 자본 반환을 포함한 다양한 출처에 기인합니다. 이사회는 이 정책을 수정하거나 중단할 권리를 보유하며, 이는 펀드의 시장 가격에 영향을 미칠 수 있습니다.
2025년 2월 28일까지의 펀드 성과 지표에는 연초 누적 총 수익 및 5년 평균 연간 총 수익이 포함되며, 배분은 펀드의 순 자산 가치(NAV)를 기준으로 합니다. 펀드는 배분 금액이 포트폴리오 및 시장 조건에 따라 달라질 수 있음을 강조합니다.
Fonds d'Infrastructure Cohen & Steers (UTF) a annoncé les détails de sa distribution pour le 31 mars 2025, fonctionnant sous une politique de distribution gérée mise en œuvre en mars 2015. Cette politique vise à fournir des rendements totaux à long terme grâce à des distributions mensuelles régulières à des taux fixes par action.
Les distributions mensuelles du Fonds peuvent inclure divers composants : gains en capital à long terme, gains en capital à court terme, revenus nets d'investissement et/ou retour de capital. Les distributions provenant d'investissements en MLP sont attribuées à différentes sources, y compris les revenus nets d'investissement et le retour de capital. Le Conseil d'Administration se réserve le droit de modifier ou de suspendre cette politique, ce qui pourrait affecter le prix de marché du Fonds.
Les indicateurs de performance du Fonds jusqu'au 28 février 2025 incluent le Rendement Total Cumulé depuis le début de l'année et le Rendement Total Annuel Moyen sur cinq ans, les distributions étant basées sur la Valeur Nette des Actifs (NAV) du Fonds. Le Fonds souligne que les montants des distributions peuvent varier en fonction des conditions du portefeuille et du marché.
Cohen & Steers Infrastrukturfonds (UTF) hat die Einzelheiten seiner Ausschüttung für den 31. März 2025 bekannt gegeben und folgt einer im März 2015 eingeführten verwalteten Ausschüttungspolitik. Ziel dieser Politik ist es, langfristige Gesamtrenditen durch regelmäßige monatliche Ausschüttungen zu festen Sätzen pro Aktie zu erzielen.
Die monatlichen Ausschüttungen des Fonds können verschiedene Komponenten enthalten: langfristige Kapitalgewinne, kurzfristige Kapitalgewinne, Nettoanlageerträge und/oder Rückzahlungen von Kapital. Ausschüttungen aus MLP-Investitionen werden verschiedenen Quellen zugeschrieben, einschließlich Nettoanlageerträgen und Rückzahlungen von Kapital. Der Vorstand behält sich das Recht vor, diese Politik zu ändern oder auszusetzen, was den Marktpreis des Fonds beeinflussen könnte.
Die Leistungskennzahlen des Fonds bis zum 28. Februar 2025 umfassen die kumulierte Gesamtrendite seit Jahresbeginn und die durchschnittliche jährliche Gesamtrendite über fünf Jahre, wobei die Ausschüttungen auf dem Nettoinventarwert (NAV) des Fonds basieren. Der Fonds betont, dass die Ausschüttungsbeträge je nach Portfolio- und Marktbedingungen variieren können.
- Managed distribution policy provides regular monthly income to shareholders
- Fund maintains flexibility to realize and distribute long-term capital gains throughout the year
- Board can amend, terminate or suspend distribution policy, potentially affecting share price negatively
- Return of capital distributions reduce shareholders' tax basis in Fund shares
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 | March 2025 | YEAR-TO-DATE (YTD) March 31, 2025* | ||
Source | Per Share | % of Current | Per Share | % of 2025 |
Net Investment Income | 100.00 % | 34.75 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 26.99 % | ||
Net Realized Long-Term Capital Gains | 0.00 % | 38.26 % | ||
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 February 28, 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 February 28, 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 February 28, 2025 | |
Year-to-date Cumulative Total Return1 | 3.16 % |
Cumulative Distribution Rate2 | 1.91 % |
Five-year period ending February 28, 2025 | |
Average Annual Total Return3 | 7.21 % |
Current Annualized Distribution Rate4 | 7.65 % |
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 March 31, 2025) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of February 28, 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 February 28, 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 February 28, 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
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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
What is the distribution date for Cohen & Steers Infrastructure Fund (UTF) in March 2025?
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