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) has announced its January 2025 distribution details. The Fund maintains a managed distribution policy implemented in December 2017 to deliver long-term total return potential through regular monthly distributions.
The January 2025 distribution of $0.1360 per share consists entirely of net investment income. The Fund's year-to-date cumulative total return for 2024 was 9.50%, with a current annualized distribution rate of 7.75%. The five-year average annual total return ending December 31, 2024, stands at 5.15%.
The Fund's distributions may include various components such as long-term capital gains, short-term capital gains, net investment income, and return of capital. The final tax characteristics will be provided on Form 1099-DIV after the calendar year end.
Cohen & Steers REIT e Preferred and Income Fund (NYSE: RNP) ha annunciato i dettagli della distribuzione per gennaio 2025. Il Fondo mantiene una politica di distribuzione gestita implementata a dicembre 2017 per fornire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari.
La distribuzione di gennaio 2025 di $0.1360 per azione consiste interamente di reddito da investimento netto. Il rendimento totale cumulativo del Fondo fino ad oggi per il 2024 è stato di 9.50%, con un tasso di distribuzione annualizzato attuale di 7.75%. Il rendimento totale annuale medio su cinque anni che si chiude il 31 dicembre 2024 è di 5.15%.
Le distribuzioni del Fondo possono includere vari componenti come guadagni di capitale a lungo termine, guadagni di capitale a breve termine, reddito da investimento netto e restituzione di capitale. Le caratteristiche fiscali finali saranno fornite sul Modulo 1099-DIV dopo la fine dell'anno solare.
Cohen & Steers REIT y Preferred and Income Fund (NYSE: RNP) ha anunciado los detalles de su distribución para enero de 2025. El Fondo mantiene una política de distribución administrada implementada en diciembre de 2017 para ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares.
La distribución de enero de 2025 de $0.1360 por acción consiste completamente en ingresos netos por inversiones. El rendimiento total acumulado del Fondo hasta la fecha para 2024 fue de 9.50%, con una tasa de distribución anualizada actual de 7.75%. El rendimiento total promedio anual de cinco años que finaliza el 31 de diciembre de 2024 es de 5.15%.
Las distribuciones del Fondo pueden incluir varios componentes como ganancias de capital a largo plazo, ganancias de capital a corto plazo, ingresos netos por inversiones, y devolución de capital. Las características fiscales finales se proporcionarán en el Formulario 1099-DIV después del final del año calendario.
Cohen & Steers REIT 및 Preferred and Income Fund (NYSE: RNP)가 2025년 1월 배당금 세부사항을 발표했습니다. 이 펀드는 2017년 12월에 시행된 관리 배당 정책을 유지하여 정기적인 월별 배당을 통해 장기적인 총 수익 잠재력을 제공하고 있습니다.
2025년 1월 배당금은 주당 $0.1360으로, 순투자 소득으로 구성되어 있습니다. 2024년까지 올해 누적 총 수익률은 9.50%이며, 현재 연환산 배당률은 7.75%입니다. 2024년 12월 31일 기준 5년 평균 연간 총 수익률은 5.15%입니다.
펀드의 배당금에는 장기 자본 이득, 단기 자본 이득, 순 투자 소득, 자본 반환과 같은 다양한 요소가 포함될 수 있습니다. 최종 세금 특성은 회계 연도가 끝난 후 양식 1099-DIV로 제공됩니다.
Cohen & Steers REIT et Preferred and Income Fund (NYSE: RNP) a annoncé les détails de sa distribution pour janvier 2025. Le Fonds maintient une politique de distribution gérée mise en œuvre en décembre 2017 afin d'offrir un potentiel de rendement total à long terme grâce à des distributions mensuelles régulières.
La distribution de janvier 2025 de 0,1360 $ par action consiste entièrement en revenus nets d'investissement. Le rendement total cumulé du Fonds à ce jour pour 2024 était de 9,50%, avec un taux de distribution annualisé actuel de 7,75%. Le rendement total annuel moyen sur cinq ans se terminant le 31 décembre 2024 est de 5,15%.
Les distributions du Fonds peuvent inclure divers composants tels que des gains en capital à long terme, des gains en capital à court terme, des revenus nets d'investissement et un remboursement de capital. Les caractéristiques fiscales finales seront fournies sur le formulaire 1099-DIV après la fin de l'année civile.
Cohen & Steers REIT und Preferred and Income Fund (NYSE: RNP) hat die Einzelheiten seiner Ausschüttung für Januar 2025 bekannt gegeben. Der Fonds verfolgt eine verwaltete Ausschüttungspolitik, die im Dezember 2017 eingeführt wurde, um langfristiges Gesamtertragspotenzial durch regelmäßige monatliche Ausschüttungen zu bieten.
Die Ausschüttung für Januar 2025 beträgt $0.1360 pro Aktie und besteht vollständig aus netto Investmenterträgen. Der bis Heute kumulierte Gesamtertrag des Fonds für 2024 betrug 9.50%, bei einem aktuellen annualisierten Ausschüttungszins von 7.75%. Der fünfjährige durchschnittliche jährliche Gesamtertrag zum 31. Dezember 2024 beträgt 5.15%.
Die Ausschüttungen des Fonds können verschiedene Komponenten wie langfristige Kapitalgewinne, kurzfristige Kapitalgewinne, netto Investmenterträge und Kapitalrückzahlungen umfassen. Die endgültigen steuerlichen Merkmale werden nach Jahresende auf dem Formular 1099-DIV bereitgestellt.
- Strong year-to-date cumulative total return of 9.50% for 2024
- Attractive current annualized distribution rate of 7.75%
- 100% of current distribution derived from net investment income
- Five-year average annual total return of 5.15% shows moderate long-term performance
Insights
The latest distribution announcement from Cohen & Steers RNP fund reveals several noteworthy aspects for income investors. The
The fund's managed distribution policy, implemented in 2017, has proven effective in delivering consistent monthly income while maintaining a competitive
The year-to-date cumulative total return of
For tax-conscious investors, the clean sourcing of distributions from net investment income simplifies tax planning and potentially offers more favorable tax treatment compared to distributions characterized as return of capital or capital gains. This transparency in distribution sources provides investors with greater clarity for portfolio planning and tax management strategies.
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 | January 2025 | YEAR-TO-DATE (YTD) January 31, 2025* | ||
Source | Per Share | % of Current | Per Share | % of 2025 |
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 December 31, 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 December 31, 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 December 31, 2024 | |
Year-to-date Cumulative Total Return1 | 9.50 % |
Cumulative Distribution Rate2 | 0.65 % |
Five-year period ending December 31, 2024 | |
Average Annual Total Return3 | 5.15 % |
Current Annualized Distribution Rate4 | 7.75 % |
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 January 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 December 31, 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 December 31, 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 December 31, 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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