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Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)

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Cohen & Steers Total Return Realty Fund (RFI) has announced its January 2025 distribution details under its managed distribution policy. The Fund will distribute $0.0800 per common share on January 31, 2025, consisting entirely of net realized short-term capital gains. The Fund's year-to-date cumulative total return for 2024 was 5.44%, with a current annualized distribution rate of 8.25%.

The Fund's managed distribution policy, implemented in December 2011, aims to deliver long-term total return potential through regular monthly distributions. The Fund achieved an average annual total return of 4.43% for the five-year period ending December 31, 2024. The cumulative distribution rate for the current fiscal period stands at 0.69%.

Il Fondo Immobiliare Cohen & Steers Total Return (RFI) ha annunciato i dettagli della distribuzione di gennaio 2025 secondo la sua politica di distribuzione gestita. Il Fondo distribuirà $0.0800 per azione ordinaria il 31 gennaio 2025, composto interamente da guadagni in conto capitale a breve termine netti realizzati. Il rendimento totale cumulativo del Fondo fino ad oggi per il 2024 è stato del 5.44%, con un attuale tasso di distribuzione annualizzato del 8.25%.

La politica di distribuzione gestita del Fondo, implementata nel dicembre 2011, mira a fornire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari. Il Fondo ha raggiunto un rendimento totale annuo medio del 4.43% per il periodo di cinque anni che termina il 31 dicembre 2024. Il tasso di distribuzione cumulativa per l'attuale periodo fiscale è pari a 0.69%.

El Fondo de Inversión Inmobiliaria Cohen & Steers Total Return (RFI) ha anunciado los detalles de su distribución de enero de 2025 bajo su política de distribución gestionada. El Fondo distribuirá $0.0800 por acción común el 31 de enero de 2025, que consiste enteramente en ganancias de capital a corto plazo netas realizadas. El rendimiento total acumulativo del Fondo hasta la fecha para 2024 fue del 5.44%, con una tasa de distribución anualizada actual del 8.25%.

La política de distribución gestionada del Fondo, implementada en diciembre de 2011, tiene como objetivo ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares. El Fondo logró un rendimiento total anual promedio del 4.43% durante el período de cinco años que finaliza el 31 de diciembre de 2024. La tasa de distribución acumulada para el período fiscal actual se sitúa en 0.69%.

코헨 & 스티어스 토탈 리턴 부동산 펀드 (RFI)는 관리 배급 정책에 따른 2025년 1월 배급 세부정보를 발표했습니다. 이 펀드는 2025년 1월 31일 자산 보유자당 $0.0800를 배급할 예정이며, 이는 전적으로 순 실현 단기 자본 이익으로 구성됩니다. 펀드의 2024년 연초부터 현재까지의 누적 총 수익률은 5.44%였으며, 현재 연환산 배급률은 8.25%입니다.

펀드의 관리 배급 정책은 2011년 12월에 시행되었으며, 매달 정기적인 배급을 통해 장기적인 총 수익률 잠재력을 제공하는 것을 목표로 하고 있습니다. 이 펀드는 2024년 12월 31일로 끝나는 5년 기간 동안 평균 연간 총 수익률 4.43%을 달성했습니다. 현재 회계 기간의 누적 배급률은 0.69%입니다.

Le Fonds Immobilier Cohen & Steers Total Return (RFI) a annoncé les détails de sa distribution de janvier 2025 dans le cadre de sa politique de distribution gérée. Le Fonds distribuera 0,0800 $ par action ordinaire le 31 janvier 2025, constitué entièrement de gains en capital à court terme nets réalisés. Le rendement total cumulé du Fonds à ce jour pour 2024 était de 5.44%, avec un taux de distribution annualisé actuel de 8.25%.

La politique de distribution gérée du Fonds, mise en œuvre en décembre 2011, vise à offrir un potentiel de rendement total à long terme par le biais de distributions mensuelles régulières. Le Fonds a atteint un rendement total annuel moyen de 4.43% sur la période de cinq ans se terminant le 31 décembre 2024. Le taux de distribution cumulatif pour l'exercice en cours s'élève à 0.69%.

Cohen & Steers Total Return Immobilienfonds (RFI) hat die Einzelheiten zur Ausschüttung im Januar 2025 gemäß seiner verwalteten Ausschüttungspolitik bekannt gegeben. Der Fonds wird am 31. Januar 2025 $0,0800 pro Stammaktie ausschütten, die vollständig aus realisierten Netto-Gewinnen aus kurzfristigen Kapitalgewinnen besteht. Die kumulierte Gesamtverzinsung des Fonds bis zum heutigen Tag für 2024 betrug 5.44%, mit einem aktuellen annualisierten Ausschüttungszins von 8.25%.

Die verwaltete Ausschüttungspolitik des Fonds, die im Dezember 2011 eingeführt wurde, zielt darauf ab, das Potenzial für langfristige Gesamterträge durch regelmäßige monatliche Ausschüttungen zu bieten. Der Fonds erreichte in dem fünfjährigen Zeitraum bis zum 31. Dezember 2024 eine durchschnittliche jährliche Gesamtverzinsung von 4.43%. Der kumulierte Ausschüttungszins für den aktuellen Geschäftsjahr beträgt 0.69%.

Positive
  • Strong annualized distribution rate of 8.25%
  • Positive year-to-date total return of 5.44% for 2024
  • 100% of distribution comes from realized capital gains, not return of capital
Negative
  • Five-year average annual return of 4.43% is relatively modest
  • No net investment income in current distribution

Insights

The latest distribution announcement from Cohen & Steers Total Return Realty Fund provides several noteworthy insights for investors. The $0.08 per share monthly distribution is currently being funded entirely through short-term capital gains, which is particularly significant as it indicates active portfolio management and successful trading activities in the current market environment.

The fund's managed distribution policy, implemented in 2011, demonstrates a strategic approach to providing consistent income to shareholders. The 8.25% current annualized distribution rate is notably attractive in today's market environment, especially considering the fund's real estate investment focus. However, investors should note that this rate is calculated based on NAV, not market price, which can affect actual yield experienced by shareholders.

Performance metrics reveal interesting patterns: The 5.44% year-to-date cumulative total return and 4.43% five-year average annual total return reflect moderate but stable performance through various market cycles. The fact that distributions are currently sourced entirely from realized gains rather than return of capital is a positive indicator of the fund's underlying strength and sustainable distribution strategy.

For investors, the fund's transparency regarding distribution sources and the flexibility of its managed distribution policy are valuable features. The regular monthly distribution schedule, combined with the potential for both capital appreciation and income, makes this an interesting vehicle for investors seeking real estate exposure through a managed investment approach. However, the relatively modest five-year return suggests careful consideration should be given to how this fund fits within a broader investment portfolio strategy.

NEW YORK, Jan. 29, 2025 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) (the "Fund") with information regarding the sources of the distribution to be paid on January 31, 2025 and cumulative distributions paid fiscal year-to-date.

In December 2011, 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
Amount

% of Current
Distribution

Per Share
Amount

% of 2025
Distributions

Net Investment Income

$0.0000

0.00 %

$0.0000

0.00 %

Net Realized Short-Term Capital Gains

$0.0800

100.00 %

$0.0800

100.00 %

Net Realized Long-Term Capital Gains

$0.0000

0.00 %

$0.0000

0.00 %

Return of Capital (or other Capital Source)

$0.0000

0.00 %

$0.0000

0.00 %

Total Current Distribution

$0.0800

100.00 %

$0.0800

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

5.44 %

Cumulative Distribution Rate2

0.69 %


Five-year period ending December 31, 2024

Average Annual Total Return3

4.43 %

Current Annualized Distribution Rate4

8.25 %

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 New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.  

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.

Cision View original content:https://www.prnewswire.com/news-releases/cohen--steers-total-return-realty-fund-inc-rfi-notification-of-sources-of-distribution-under-section-19a-302363823.html

SOURCE Cohen & Steers, Inc.

FAQ

What is the January 2025 distribution amount for Cohen & Steers Total Return Realty Fund (RFI)?

The January 2025 distribution amount for RFI is $0.0800 per common share, to be paid on January 31, 2025.

What was RFI's year-to-date total return for 2024?

RFI's year-to-date cumulative total return for 2024 was 5.44%.

What is RFI's current annualized distribution rate?

RFI's current annualized distribution rate is 8.25% as of December 31, 2024.

What is the source of RFI's January 2025 distribution?

The January 2025 distribution consists entirely (100%) of net realized short-term capital gains.

What was RFI's five-year average annual total return through December 2024?

RFI's average annual total return for the five-year period ending December 31, 2024 was 4.43%.

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