Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced its December 2024 distribution details and year-to-date performance. The Fund's monthly distribution of $0.1360 per share consists entirely of net investment income. The Fund reported strong performance metrics, including a year-to-date cumulative total return of 16.95% and a five-year average annual total return of 6.74%. The current annualized distribution rate stands at 7.21% of NAV. The Fund operates under a managed distribution policy implemented in December 2017, which aims to deliver long-term total returns through regular monthly distributions.
Cohen & Steers REIT e Preferred and Income Fund (NYSE: RNP) ha annunciato i dettagli della distribuzione di dicembre 2024 e le performance dall'inizio dell'anno. La distribuzione mensile del Fondo di $0.1360 per azione è completamente composta da reddito da investimento netto. Il Fondo ha riportato metriche di performance solide, inclusi un ritorno totale cumulativo dall'inizio dell'anno del 16,95% e un ritorno totale annuale medio di cinque anni del 6,74%. L'attuale tasso di distribuzione annualizzato è pari al 7,21% del NAV. Il Fondo opera sotto una politica di distribuzione gestita implementata nel dicembre 2017, che mira a fornire ritorni totali a lungo termine attraverso distribuzioni mensili regolari.
Cohen & Steers REIT y Preferred and Income Fund (NYSE: RNP) anunció los detalles de la distribución de diciembre de 2024 y el rendimiento del año hasta la fecha. La distribución mensual del Fondo de $0.1360 por acción consiste completamente en ingresos netos de inversión. El Fondo reportó métricas de rendimiento sólidas, incluyendo un retorno total acumulado del 16.95% desde el inicio del año y un retorno total anual promedio de cinco años del 6.74%. La tasa de distribución anualizada actual se sitúa en 7.21% del NAV. El Fondo opera bajo una política de distribución gestionada implementada en diciembre de 2017, que tiene como objetivo ofrecer retornos totales a largo plazo a través de distribuciones mensuales regulares.
Cohen & Steers REIT 및 Preferred and Income Fund (NYSE: RNP)는 2024년 12월 배당금 세부사항과 연초부터의 성과를 발표했습니다. 펀드의 월간 배당금인 $0.1360 주당는 전액 순투자 수익으로 구성되어 있습니다. 펀드는 연초 누적 총 수익률 16.95%와 5년 평균 연간 총 수익률 6.74%를 포함한 강력한 성과 지표를 보고했습니다. 현재 연환산 배당률은 NAV의 7.21%입니다. 펀드는 2017년 12월에 시행된 관리 배당 정책에 따라 운영되며, 이는 정기적인 월간 배당금을 통해 장기적인 총 수익을 제공하는 것을 목표로 합니다.
Cohen & Steers REIT et Preferred and Income Fund (NYSE: RNP) a annoncé les détails de la distribution de décembre 2024 ainsi que les performances depuis le début de l'année. La distribution mensuelle du Fonds de $0.1360 par action est entièrement constituée de revenus nets d'investissement. Le Fonds a rapporté des indicateurs de performance solides, y compris un retour total cumulé de 16,95% depuis le début de l'année et un retour total annuel moyen de cinq ans de 6,74%. Le taux de distribution annualisé actuel s'élève à 7,21% de la NAV. Le Fonds opère sous une politique de distribution gérée mise en œuvre en décembre 2017, qui vise à fournir des rendements totaux à long terme grâce à des distributions mensuelles régulières.
Cohen & Steers REIT und Preferred and Income Fund (NYSE: RNP) hat die Einzelheiten zur Ausschüttung im Dezember 2024 sowie zur bisherigen Performance bekannt gegeben. Die monatliche Ausschüttung des Fonds von $0.1360 pro Aktie besteht vollständig aus Nettoeinkünften aus Investitionen. Der Fonds berichtete von starken Leistungskennzahlen, darunter eine kumulierte Gesamtrendite von 16,95% seit Jahresbeginn und eine durchschnittliche jährliche Gesamtrendite von 6,74% über fünf Jahre. Der aktuelle annualisierte Ausschüttungssatz liegt bei 7,21% des NAV. Der Fonds arbeitet unter einer im Dezember 2017 umgesetzten Managed Distribution Policy, die darauf abzielt, langfristige Gesamtrenditen durch regelmäßige monatliche Ausschüttungen zu erzielen.
- Strong year-to-date cumulative total return of 16.95%
- Consistent distribution rate of 7.21%
- Stable five-year average annual total return of 6.74%
- 100% of distribution sourced from net investment income, indicating quality of earnings
- None.
Insights
In December 2017, 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 | December 2024 | YEAR-TO-DATE (YTD) December 31, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 100.00 % | 100.00 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 0.00 % | ||
Net Realized Long-Term Capital Gains | 0.00 % | 0.00 % | ||
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 November 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 November 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 November 30, 2024 | |
Year-to-date Cumulative Total Return1 | 16.95 % |
Cumulative Distribution Rate2 | 7.21 % |
Five-year period ending November 30, 2024 | |
Average Annual Total Return3 | 6.74 % |
Current Annualized Distribution Rate4 | 7.21 % |
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 December 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 November 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 November 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 November 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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