Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Quality Income Realty Fund announces its October 2024 distribution details. The Fund maintains a managed distribution policy implemented in December 2012 to deliver long-term returns through monthly distributions. The current distribution of $0.0800 per share comprises 12.38% from net investment income and 87.62% from net realized long-term capital gains. The Fund's year-to-date cumulative total return through September 30, 2024, is 17.76%, with a cumulative distribution rate of 5.52%. The Fund's five-year average annual total return ending September 30, 2024, stands at 7.23%, with a current annualized distribution rate of 6.63%.
Il Fondo Cohen & Steers Quality Income Realty annuncia i dettagli della distribuzione di ottobre 2024. Il Fondo mantiene una politica di distribuzione gestita implementata nel dicembre 2012 per offrire ritorni a lungo termine attraverso distribuzioni mensili. La distribuzione attuale di $0.0800 per azione è composta dal 12,38% di reddito netto da investimenti e dal 87,62% di guadagni in conto capitale a lungo termine realizzati. Il rendimento totale cumulativo del Fondo dall'inizio dell'anno fino al 30 settembre 2024 è 17,76%, con un tasso di distribuzione cumulativo del 5,52%. Il rendimento totale medio annuo del Fondo negli ultimi cinque anni fino al 30 settembre 2024 è di 7,23%, con un tasso di distribuzione annualizzato attuale del 6,63%.
El Fondo Cohen & Steers Quality Income Realty anuncia los detalles de distribución de octubre de 2024. El Fondo mantiene una política de distribución gestionada implementada en diciembre de 2012 para ofrecer rendimientos a largo plazo a través de distribuciones mensuales. La distribución actual de $0.0800 por acción se compone de un 12.38% de ingresos netos por inversiones y un 87.62% de ganancias de capital a largo plazo realizadas. El rendimiento total acumulativo del Fondo hasta el 30 de septiembre de 2024 es de 17.76%, con una tasa de distribución acumulativa del 5.52%. El rendimiento total promedio anual del Fondo en los últimos cinco años hasta el 30 de septiembre de 2024 es de 7.23%, con una tasa de distribución anualizada actual del 6.63%.
코헨 & 스티어스 퀄리티 인컴 리얼티 펀드가 2024년 10월 배포 세부 사항을 발표합니다. 이 펀드는 2012년 12월에 시행된 관리 배포 정책을 유지하여 월별 배포를 통해 장기적인 수익을 제공합니다. 현재 주당 배분액은 $0.0800으로, 이 중 12.38%는 순 투자 수익, 87.62%는 실현된 장기 자본 이익입니다. 2024년 9월 30일까지의 펀드 연초 대비 누적 총 수익률은 17.76%이며, 누적 배당률은 5.52%입니다. 2024년 9월 30일까지의 5년 평균 연간 총 수익률은 7.23%이며, 현재 연간화된 배당률은 6.63%입니다.
Le Fonds Cohen & Steers Quality Income Realty annonce les détails de sa distribution d'octobre 2024. Le Fonds maintient une politique de distribution gérée mise en œuvre en décembre 2012 pour offrir des rendements à long terme par le biais de distributions mensuelles. La distribution actuelle est de $0.0800 par action et se compose de 12,38% de revenus nets d'investissement et de 87,62% de gains en capital réalisés à long terme. Le rendement total cumulé du Fonds depuis le début de l'année jusqu'au 30 septembre 2024 est de 17,76%, avec un taux de distribution cumulatif de 5,52%. Le rendement total moyen annuel du Fonds pour les cinq dernières années se terminant le 30 septembre 2024 est de 7,23%, avec un taux de distribution annualisé actuel de 6,63%.
Der Cohen & Steers Quality Income Realty Fund gibt die Verteilungsdetails für Oktober 2024 bekannt. Der Fonds verfolgt seit Dezember 2012 eine verwaltete Verteilungspolitik, um durch monatliche Ausschüttungen langfristige Renditen zu erzielen. Die aktuelle Ausschüttung von $0.0800 pro Aktie setzt sich zu 12,38% aus Nettoanlageneinkommen und zu 87,62% aus realisierten langfristigen Kapitalgewinnen zusammen. Die kumulierte Gesamtverzinsung des Fonds im Jahr bis zum 30. September 2024 beträgt 17,76%, mit einer kumulierten Ausschüttungsquote von 5,52%. Die durchschnittliche jährliche Gesamtrendite des Fonds über fünf Jahre bis zum 30. September 2024 beträgt 7,23%, mit einer aktuellen annualisierten Ausschüttungsquote von 6,63%.
- Strong year-to-date cumulative total return of 17.76%
- Positive five-year average annual total return of 7.23%
- Current annualized distribution rate of 6.63%
- 100% of distributions covered by earnings (no return of capital)
- None.
Insights
This distribution notice reveals several key insights for investors. The Fund's 17.76% year-to-date total return through September 2024 demonstrates strong performance in the REIT sector. The current distribution of
The Fund's current annualized distribution rate of 6.63% and five-year average annual return of 7.23% suggest sustainable income generation. Notably, there's no return of capital in the distribution, which is positive as it means distributions are fully supported by earnings and realized gains rather than returning investors' principal.
In December 2012, 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 | October 2024 | YEAR-TO-DATE (YTD) | ||
Source | Per Share Amount | % of Current Distribution | Per Share Amount | % of 2024 Distributions |
Net Investment Income | 12.38 % | 31.11 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 0.00 % | ||
Net Realized Long-Term Capital Gains | 87.62 % | 68.89 % | ||
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 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 | 17.76 % |
Cumulative Distribution Rate2 | 5.52 % |
Five-year period ending September 30, 2024 | |
Average Annual Total Return3 | 7.23 % |
Current Annualized Distribution Rate4 | 6.63 % |
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.
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