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 March 31, 2025 distribution details under Section 19(a). The Fund operates under a managed distribution policy implemented in December 2017, which aims to deliver long-term total returns through fixed monthly distributions.
The distributions may include various components such as long-term capital gains, short-term capital gains, net investment income, and/or return of capital. The Fund estimates it has distributed more than its income and capital gains, indicating a portion may be return of capital. Notably, distributions from the Fund's REIT investments may be later characterized as capital gains or return of capital.
The Fund's performance metrics include Year-to-date Cumulative Total Return (January 1 - February 28, 2025) and five-year Average Annual Total Return ending February 28, 2025, though specific figures are not provided in the release.
Cohen & Steers REIT e Preferred and Income Fund (NYSE: RNP) ha annunciato i dettagli della distribuzione del 31 marzo 2025 ai sensi della Sezione 19(a). Il Fondo opera sotto una politica di distribuzione gestita implementata a dicembre 2017, che mira a fornire rendimenti totali a lungo termine attraverso distribuzioni mensili fisse.
Le distribuzioni possono includere vari componenti come guadagni in conto capitale a lungo termine, guadagni in conto capitale a breve termine, reddito netto da investimenti e/o rimborso di capitale. Il Fondo stima di aver distribuito più del proprio reddito e dei guadagni in conto capitale, indicando che una parte potrebbe essere un rimborso di capitale. È importante notare che le distribuzioni dagli investimenti REIT del Fondo potrebbero essere successivamente classificate come guadagni in conto capitale o rimborso di capitale.
I parametri di performance del Fondo includono il Rendimento Totale Cumulativo da inizio anno (1 gennaio - 28 febbraio 2025) e il Rendimento Totale Annuale Medio su cinque anni fino al 28 febbraio 2025, anche se nel comunicato non sono forniti dati specifici.
Cohen & Steers REIT y Preferred and Income Fund (NYSE: RNP) ha anunciado los detalles de distribución del 31 de marzo de 2025 bajo la Sección 19(a). El Fondo opera bajo una política de distribución gestionada implementada en diciembre de 2017, que tiene como objetivo proporcionar rendimientos totales a largo plazo a través de distribuciones fijas mensuales.
Las distribuciones pueden incluir varios componentes como ganancias de capital a largo plazo, ganancias de capital a corto plazo, ingreso neto de inversiones y/o retorno de capital. El Fondo estima que ha distribuido más de sus ingresos y ganancias de capital, lo que indica que una parte puede ser retorno de capital. Es notable que las distribuciones de las inversiones REIT del Fondo pueden ser posteriormente clasificadas como ganancias de capital o retorno de capital.
Los métricas de rendimiento del Fondo incluyen el Rendimiento Total Acumulado del Año hasta la fecha (1 de enero - 28 de febrero de 2025) y el Rendimiento Total Anual Promedio de cinco años hasta el 28 de febrero de 2025, aunque no se proporcionan cifras específicas en el comunicado.
Cohen & Steers REIT 및 Preferred and Income Fund (NYSE: RNP)는 2025년 3월 31일 배당금에 대한 세부 정보를 섹션 19(a)에 따라 발표했습니다. 이 펀드는 2017년 12월에 시행된 관리 배당 정책에 따라 운영되며, 고정 월 배당금을 통해 장기 총 수익을 제공하는 것을 목표로 합니다.
배당금은 장기 자본 이득, 단기 자본 이득, 순 투자 소득 및/또는 자본 반환과 같은 다양한 구성 요소를 포함할 수 있습니다. 이 펀드는 수익 및 자본 이득보다 더 많은 금액을 분배했다고 추정하고 있으며, 이는 일부가 자본 반환일 수 있음을 나타냅니다. 특히, 펀드의 REIT 투자에서 발생하는 배당금은 나중에 자본 이득 또는 자본 반환으로 분류될 수 있습니다.
펀드의 성과 지표에는 연초 누적 총 수익(1월 1일 - 2025년 2월 28일)과 2025년 2월 28일 기준 5년 평균 연간 총 수익이 포함되지만, 구체적인 수치는 발표에 제공되지 않았습니다.
Cohen & Steers REIT et Preferred and Income Fund (NYSE: RNP) a annoncé les détails de la distribution du 31 mars 2025 conformément à l'article 19(a). Le Fonds fonctionne selon une politique de distribution gérée mise en œuvre en décembre 2017, visant à fournir des rendements totaux à long terme par le biais de distributions mensuelles fixes.
Les distributions 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/ou un retour de capital. Le Fonds estime avoir distribué plus que ses revenus et ses gains en capital, ce qui indique qu'une partie pourrait être un retour de capital. Notamment, les distributions des investissements REIT du Fonds peuvent être ultérieurement qualifiées de gains en capital ou de retour de capital.
Les indicateurs de performance du Fonds comprennent le Rendement Total Cumulé depuis le début de l'année (1er janvier - 28 février 2025) et le Rendement Total Annuel Moyen sur cinq ans jusqu'au 28 février 2025, bien que des chiffres spécifiques ne soient pas fournis dans le communiqué.
Cohen & Steers REIT und Preferred and Income Fund (NYSE: RNP) hat die Verteilungsdetails zum 31. März 2025 gemäß Abschnitt 19(a) bekannt gegeben. Der Fonds arbeitet unter einer verwalteten Verteilungspolitik, die im Dezember 2017 eingeführt wurde und darauf abzielt, langfristige Gesamterträge durch feste monatliche Ausschüttungen zu erzielen.
Die Ausschüttungen können verschiedene Komponenten wie langfristige Kapitalgewinne, kurzfristige Kapitalgewinne, Nettoinvestitionseinkommen und/oder Kapitalrückzahlungen umfassen. Der Fonds schätzt, dass er mehr als sein Einkommen und seine Kapitalgewinne verteilt hat, was darauf hindeutet, dass ein Teil Kapitalrückzahlungen sein könnte. Besonders bemerkenswert ist, dass Ausschüttungen aus den REIT-Investitionen des Fonds später als Kapitalgewinne oder Kapitalrückzahlungen klassifiziert werden können.
Die Leistungskennzahlen des Fonds umfassen die kumulierte Gesamtrendite seit Jahresbeginn (1. Januar - 28. Februar 2025) und die durchschnittliche jährliche Gesamtrendite über fünf Jahre bis zum 28. Februar 2025, obwohl spezifische Zahlen in der Mitteilung nicht angegeben sind.
- Managed distribution policy provides regular monthly income to shareholders
- Fund has flexibility to realize and distribute long-term capital gains throughout the year
- Fund is distributing more than its income and capital gains, indicating potential return of capital
- Distribution policy can be amended, terminated, or suspended, potentially affecting share price
- Distribution amounts may vary based on market and portfolio conditions
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 | March 2025 | YEAR-TO-DATE (YTD) March 31, 2025* | ||
Source | Per Share | % of Current | Per Share | % of 2025 |
Net Investment Income | 96.84 % | 95.34 % | ||
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) | 3.16 % | 4.66 % | ||
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 2025 (January 1, 2025 through February 28, 2025) 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 2025. In addition, the Fund's Average Annual Total Return for the five-year period ending February 28, 2025 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2025. 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, 2025 to February 28, 2025 | |
Year-to-date Cumulative Total Return1 | 4.64 % |
Cumulative Distribution Rate2 | 1.88 % |
Five-year period ending February 28, 2025 | |
Average Annual Total Return3 | 7.10 % |
Current Annualized Distribution Rate4 | 7.50 % |
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 March 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 February 28, 2025. |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending February 28, 2025. 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 February 28, 2025. |
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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