Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Total Return Realty Fund (RFI) has announced its October 2024 distribution details. The Fund's current distribution of $0.0800 per share comprises 17.13% from net investment income and 82.87% from net realized long-term capital gains. Year-to-date distributions total $0.8000 per share, sourced from net investment income (29.51%), short-term capital gains (14.26%), long-term capital gains (52.68%), and return of capital (3.55%). The Fund's year-to-date cumulative total return through September 2024 is 13.52%, with a current annualized distribution rate of 7.52% and a five-year average annual total return of 5.96%.
Il Fondo Immobiliare Total Return di Cohen & Steers (RFI) ha annunciato i dettagli della distribuzione di ottobre 2024. La distribuzione attuale del Fondo è di $0.0800 per azione, di cui il 17.13% proviene da reddito da investimenti netti e l'82.87% da guadagni patrimoniali netti realizzati a lungo termine. Le distribuzioni da inizio anno ammontano a $0.8000 per azione, ottenute da reddito da investimenti netti (29.51%), guadagni patrimoniali a breve termine (14.26%), guadagni patrimoniali a lungo termine (52.68%) e restituzione di capitale (3.55%). Il rendimento totale cumulativo del Fondo da inizio anno fino a settembre 2024 è di 13.52%, con un attuale tasso di distribuzione annualizzato del 7.52% e un rendimento annuale medio totale su cinque anni del 5.96%.
El Fondo de Retorno Total de Bienes Raíces de Cohen & Steers (RFI) ha anunciado los detalles de su distribución de octubre de 2024. La distribución actual del Fondo es de $0.0800 por acción, de la cual el 17.13% proviene de ingresos netos por inversiones y el 82.87% de ganancias de capital netas realizadas a largo plazo. Las distribuciones acumuladas hasta la fecha son de $0.8000 por acción, provenientes de ingresos netos por inversiones (29.51%), ganancias de capital a corto plazo (14.26%), ganancias de capital a largo plazo (52.68%) y retorno de capital (3.55%). El rendimiento total acumulado del Fondo hasta septiembre de 2024 es de 13.52%, con una tasa de distribución anualizada actual del 7.52% y un rendimiento total anual promedio a cinco años del 5.96%.
코헨 & 스티어스 총수익 부동산 펀드 (RFI)는 2024년 10월 배당금 세부 사항을 발표했습니다. 펀드의 현재 배당금은 주당 $0.0800이며, 이 중 17.13%는 순투자 소득에서, 82.87%는 순확정 장기 자본 이익에서 발생합니다. 연초 현재까지의 배당금 총액은 주당 $0.8000로, 순투자 소득(29.51%), 단기 자본 이익(14.26%), 장기 자본 이익(52.68%), 자본 환급(3.55%)에서 비롯되었습니다. 펀드의 연초 누적 총 수익률은 2024년 9월까지 13.52%이며, 현재 연화 배당률은 7.52%, 5년 평균 연간 총 수익률은 5.96%입니다.
Fonds de Retour Total en Immobilier Cohen & Steers (RFI) a annoncé les détails de sa distribution d'octobre 2024. La distribution actuelle du Fonds est de 0,0800 $ par action, dont 17,13 % provient des revenus nets de placement et 82,87 % des gains en capital nets réalisés à long terme. Les distributions depuis le début de l'année totalisent 0,8000 $ par action, provenant des revenus nets de placement (29,51 %), des gains en capital à court terme (14,26 %), des gains en capital à long terme (52,68 %) et du retour de capital (3,55 %). Le rendement total cumulatif du Fonds depuis le début de l'année jusqu'en septembre 2024 est de 13,52 %, avec un taux de distribution annualisé actuel de 7,52 % et un rendement total moyen annuel sur cinq ans de 5,96 %.
Cohen & Steers Total Return Realty Fund (RFI) hat die Einzelheiten zur Ausschüttung im Oktober 2024 bekannt gegeben. Die aktuelle Ausschüttung des Fonds beträgt $0.0800 pro Aktie, wobei 17.13% aus Nettokapitalerträgen und 82.87% aus realisierten langfristigen Kapitalgewinnen stammen. Die bisherigen Ausschüttungen in diesem Jahr belaufen sich auf insgesamt $0.8000 pro Aktie, die aus Nettokapitalerträgen (29.51%), kurzfristigen Kapitalgewinnen (14.26%), langfristigen Kapitalgewinnen (52.68%) und Kapitalrückflüssen (3.55%) stammen. Der kumulierte Gesamtertrag des Fonds seit Jahresbeginn bis September 2024 beträgt 13.52%, mit einem aktuellen annualisierten Ausschüttungszins von 7.52% und einer durchschnittlichen jährlichen Gesamtrendite von 5.96% über fünf Jahre.
- Strong year-to-date cumulative total return of 13.52%
- High current annualized distribution rate of 7.52%
- Positive five-year average annual total return of 5.96%
- Majority of distributions (96.45%) come from actual earnings rather than return of capital
- 3.55% of year-to-date distributions represent return of capital, potentially reducing shareholders' cost basis
Insights
This monthly distribution announcement reveals several key insights for RFI investors. The fund maintains a 17.13% distribution from net investment income and a significant 82.87% from long-term capital gains for October 2024. The year-to-date performance shows a strong
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 | October 2024 | YEAR-TO-DATE (YTD) October 31, 2024* | ||
Source | Per Share | % of Current | Per Share | % of 2024 |
Net Investment Income | 17.13 % | 29.51 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 14.26 % | ||
Net Realized Long-Term Capital Gains | 82.87 % | 52.68 % | ||
Return of Capital (or other Capital Source) | 0.00 % | 3.55 % | ||
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 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 | 13.52 % |
Cumulative Distribution Rate2 | 6.26 % |
Five-year period ending September 30, 2024 | |
Average Annual Total Return3 | 5.96 % |
Current Annualized Distribution Rate4 | 7.52 % |
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.
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SOURCE Cohen & Steers, Inc.
FAQ
What is RFI's current monthly distribution amount per share?
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