Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Infrastructure Fund (UTF) announced its October 2024 distribution details and year-to-date performance. The Fund's October distribution of $0.1550 per share comprises 36.32% net investment income, 39.10% short-term capital gains, 19.16% long-term capital gains, and 5.42% return of capital. The Fund's year-to-date cumulative total return through September 30, 2024, was 19.95%, with a current annualized distribution rate of 7.19%. The Fund maintains a managed distribution policy implemented in March 2015 to deliver long-term total returns through regular monthly distributions.
Il Cohen & Steers Infrastructure Fund (UTF) ha annunciato i dettagli della distribuzione di ottobre 2024 e le performance dall'inizio dell'anno. La distribuzione di ottobre del Fondo di $0.1550 per azione è composta da 36,32% reddito netto da investimenti, 39,10% guadagni di capitale a breve termine, 19,16% guadagni di capitale a lungo termine e 5,42% restituzione di capitale. Il rendimento totale cumulativo del Fondo dall'inizio dell'anno fino al 30 settembre 2024 è stato di 19,95%, con un attuale tasso di distribuzione annualizzato del 7,19%. Il Fondo mantiene una politica di distribuzione gestita, implementata nel marzo 2015, per fornire rendimenti totali a lungo termine attraverso distribuzioni mensili regolari.
El Cohen & Steers Infrastructure Fund (UTF) ha anunciado los detalles de la distribución de octubre de 2024 y el rendimiento acumulado del año. La distribución de octubre del Fondo de $0.1550 por acción se compone de 36.32% de ingresos netos por inversiones, 39.10% de ganancias de capital a corto plazo, 19.16% de ganancias de capital a largo plazo y 5.42% de devolución de capital. El retorno total acumulado del Fondo desde el inicio del año hasta el 30 de septiembre de 2024 fue de 19.95%, con una tasa de distribución anualizada actual de 7.19%. El Fondo mantiene una política de distribución gestionada implementada en marzo de 2015 para ofrecer retornos totales a largo plazo a través de distribuciones mensuales regulares.
코헨 앤 스티어스 인프라 펀드(Cohen & Steers Infrastructure Fund, UTF)는 2024년 10월 배포 세부정보 및 연초 대비 성과를 발표했습니다. 10월 분배금은 주당 $0.1550이며, 36.32% 순 투자 수익, 39.10% 단기 자본 이익, 19.16% 장기 자본 이익, 5.42% 자본 반환으로 구성됩니다. 2024년 9월 30일까지의 올해 누적 총 수익률은 19.95%였으며, 현재 연간 배포율은 7.19%입니다. 이 펀드는 2015년 3월에 시행된 관리 배분 정책을 유지하여 정기적인 월간 배분을 통해 장기 총 수익률을 제공합니다.
Le Cohen & Steers Infrastructure Fund (UTF) a annoncé les détails de sa distribution d'octobre 2024 et sa performance cumulée depuis le début de l'année. La distribution d'octobre du Fonds de 0,1550 $ par action se compose de 36,32% de revenu net d'investissement, 39,10% de gains en capital à court terme, 19,16% de gains en capital à long terme et 5,42% de retour de capital. Le rendement total cumulé du Fonds depuis le début de l'année jusqu'au 30 septembre 2024 était de 19,95%, avec un taux de distribution annualisé actuel de 7,19%. Le Fonds maintient une politique de distribution gérée mise en place en mars 2015 pour offrir des rendements totaux à long terme par le biais de distributions mensuelles régulières.
Der Cohen & Steers Infrastructure Fund (UTF) hat die Einzelheiten zur Ausschüttung im Oktober 2024 und zur Gesamtperformance des Jahres bis dato bekannt gegeben. Die Ausschüttung im Oktober von 0,1550 $ pro Aktie setzt sich aus 36,32% Nettoanlageertrag, 39,10% kurzfristigen Kapitalgewinnen, 19,16% langfristigen Kapitalgewinnen und 5,42% Kapitalrückzahlung zusammen. Die kumulierte Gesamtrendite des Fonds für das Jahr bis zum 30. September 2024 betrug 19,95%, mit einem aktuellen annualisierten Ausschüttungszins von 7,19%. Der Fonds verfolgt seit März 2015 eine verwaltete Ausschüttungspolitik, um durch regelmäßige monatliche Ausschüttungen langfristige Gesamtrenditen zu erzielen.
- Strong year-to-date cumulative total return of 19.95%
- Attractive current annualized distribution rate of 7.19%
- 94.58% of current distribution comes from income and capital gains
- Five-year average annual total return of 6.84%
- 5.42% of current distribution represents return of capital, which reduces shareholders' cost basis
- Fund is distributing more than its income and capital gains
Insights
The distribution analysis reveals a strong performance for UTF with a
The fund's five-year average annual return of
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 | October 2024 | YEAR-TO-DATE (YTD) October 31, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 36.32 % | 43.49 % | ||
Net Realized Short-Term Capital Gains | 39.10 % | 4.16 % | ||
Net Realized Long-Term Capital Gains | 19.16 % | 51.81 % | ||
Return of Capital (or other Capital Source) | 5.42 % | 0.54 % | ||
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 September 30, 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 September 30, 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 September 30, 2024 | |
Year-to-date Cumulative Total Return1 | 19.95 % |
Cumulative Distribution Rate2 | 5.99 % |
Five-year period ending September 30, 2024 | |
Average Annual Total Return3 | 6.84 % |
Current Annualized Distribution Rate4 | 7.19 % |
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 October 31, 2024) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of September 30, 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 September 30, 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 September 30, 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.
FAQ
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