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 October 2024 distribution details. The Fund's current distribution of $0.1360 per share comes entirely from net investment income. Year-to-date through September 30, 2024, the Fund achieved a 16.98% cumulative total return with a 5.93% cumulative distribution rate. The Fund's five-year average annual total return ending September 30, 2024, stands at 6.79%, with a current annualized distribution rate of 7.12%. The Fund operates under a managed distribution policy implemented in December 2017 to deliver long-term total return potential through regular monthly distributions.
Cohen & Steers REIT e il Preferred and Income Fund (NYSE: RNP) hanno annunciato i dettagli della distribuzione di ottobre 2024. L'attuale distribuzione del Fondo di $0,1360 per azione proviene interamente dal reddito da investimento netto. Fino al 30 settembre 2024, il Fondo ha ottenuto un 16,98% di rendimento totale cumulativo con un 5,93% di tasso di distribuzione cumulativa. Il rendimento totale medio annuale del Fondo negli ultimi cinque anni, che termina il 30 settembre 2024, è di 6,79%, con un tasso di distribuzione annualizzato attuale del 7,12%. Il Fondo opera secondo una politica di distribuzione gestita implementata nel dicembre 2017 per offrire il potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari.
Cohen & Steers REIT y Preferred and Income Fund (NYSE: RNP) anunciaron los detalles de la distribución de octubre de 2024. La distribución actual del Fondo de $0.1360 por acción proviene completamente de ingresos netos por inversiones. Hasta el 30 de septiembre de 2024, el Fondo alcanzó un 16.98% de rendimiento total acumulativo con una 5.93% de tasa de distribución acumulativa. El rendimiento total promedio anual del Fondo durante los últimos cinco años, que finaliza el 30 de septiembre de 2024, se sitúa en 6.79%, con una tasa de distribución anualizada actual del 7.12%. El Fondo opera bajo una política de distribución gestionada implementada en diciembre de 2017 para ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares.
Cohen & Steers REIT와 Preferred and Income Fund (NYSE: RNP)는 2024년 10월 배급 세부사항을 발표했습니다. 현재 펀드의 배급은 $0.1360 주당으로, 순 투자 수익에서 전적으로 발생합니다. 2024년 9월 30일 기준으로 올해 누적 수익률은 16.98%이며, 누적 배급 비율은 5.93%입니다. 2024년 9월 30일로 종료되는 지난 5년의 평균 연간 총 수익률은 6.79%이며, 현재 연간화된 배급 비율은 7.12%입니다. 이 펀드는 2017년 12월에 시행된 관리 배급 정책에 따라 정기적인 월간 배급을 통해 장기적인 총 수익 잠재력을 제공하고 있습니다.
Cohen & Steers REIT et le Preferred and Income Fund (NYSE: RNP) ont annoncé les détails de la distribution d'octobre 2024. La distribution actuelle du Fonds de $0,1360 par action provient entièrement du revenu net d'investissement. À ce jour, jusqu'au 30 septembre 2024, le Fonds a réalisé un 16,98% de rendement total cumulé avec un 5,93% de taux de distribution cumulé. Le rendement total moyen annuel du Fonds pour les cinq dernières années se chiffe à 6,79%, avec un taux de distribution annualisé actuel de 7,12%. Le Fonds fonctionne selon une politique de distribution gérée mise en place en décembre 2017 pour offrir un potentiel de rendement total à long terme grâce à des distributions mensuelles régulières.
Cohen & Steers REIT und Preferred and Income Fund (NYSE: RNP) haben die Details zur Verteilung im Oktober 2024 bekannt gegeben. Die aktuelle Ausschüttung des Fonds von $0,1360 pro Aktie stammt vollständig aus Nettokapitaleinkünften. Bis zum 30. September 2024 erzielte der Fonds eine 16,98% kumulierte Gesamtrendite mit einer 5,93% kumulierten Ausschüttungsquote. Die durchschnittliche jährliche Gesamtrendite des Fonds über die letzten fünf Jahre bis zum 30. September 2024 liegt bei 6,79%, mit einer aktuellen annualisierten Ausschüttungsquote von 7,12%. Der Fonds operiert gemäß einer verwalteten Ausschüttungspolitik, die im Dezember 2017 eingeführt wurde, um das Potenzial für eine langfristige Gesamtrendite durch regelmäßige monatliche Ausschüttungen zu realisieren.
- 16.98% year-to-date cumulative total return through September 2024
- 7.12% current annualized distribution rate
- 6.79% five-year average annual total return
- 100% of distribution sourced from net investment income
- None.
Insights
The Fund's distribution notice reveals important performance metrics and income characteristics. The
The Fund's managed distribution policy, implemented in 2017, provides regular monthly payments while maintaining flexibility in realizing capital gains. The cumulative distribution rate of
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 | October 2024 | YEAR-TO-DATE (YTD) October 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 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 | 16.98 % |
Cumulative Distribution Rate2 | 5.93 % |
Five-year period ending September 30, 2024 | |
Average Annual Total Return3 | 6.79 % |
Current Annualized Distribution Rate4 | 7.12 % |
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.
View original content:https://www.prnewswire.com/news-releases/cohen--steers-reit-and-preferred-and-income-fund-inc-rnp-notification-of-sources-of-distribution-under-section-19a-302292208.html
SOURCE Cohen & Steers, Inc.
FAQ
What is the current monthly distribution amount for Cohen & Steers RNP Fund?
What is RNP Fund's year-to-date total return for 2024?
What is the source of RNP Fund's October 2024 distribution?
What is RNP Fund's current annualized distribution rate?
