Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers Total Return Realty Fund (NYSE: RFI) has announced its March 31, 2025 distribution details under Section 19(a). The Fund operates under a managed distribution policy implemented in December 2011, which aims to deliver long-term total returns through regular monthly distributions at fixed rates per share.
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's distributions from REIT investments may be later characterized as capital gains or return of capital, based on year-end REIT dividend reporting.
The Fund emphasizes that distribution amounts may vary based on portfolio and market conditions. Monthly distribution information will be posted on cohenandsteers.com and mailed to shareholders, with final tax characteristics provided on Form 1099-DIV after the calendar year end.
Il Cohen & Steers Total Return Realty Fund (NYSE: RFI) ha annunciato i dettagli della distribuzione per il 31 marzo 2025 ai sensi della Sezione 19(a). Il Fondo opera secondo una politica di distribuzione gestita implementata nel dicembre 2011, che mira a fornire rendimenti totali a lungo termine attraverso distribuzioni mensili regolari a tassi fissi per azione.
Le distribuzioni possono includere vari componenti come guadagni in conto capitale a lungo termine, guadagni in conto capitale a breve termine, reddito da investimenti netti e/o restituzione di capitale. Le distribuzioni del Fondo provenienti da investimenti in REIT possono essere successivamente classificate come guadagni in conto capitale o restituzione di capitale, in base alla rendicontazione dei dividendi REIT a fine anno.
Il Fondo sottolinea che gli importi delle distribuzioni possono variare in base alle condizioni del portafoglio e del mercato. Le informazioni sulle distribuzioni mensili saranno pubblicate su cohenandsteers.com e inviate agli azionisti, con le caratteristiche fiscali finali fornite sul Modulo 1099-DIV dopo la fine dell'anno solare.
El Cohen & Steers Total Return Realty Fund (NYSE: RFI) ha anunciado los detalles de su 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 2011, que tiene como objetivo proporcionar rendimientos totales a largo plazo a través de distribuciones mensuales regulares a tasas fijas por acción.
Las distribuciones pueden incluir varios componentes como ganancias de capital a largo plazo, ganancias de capital a corto plazo, ingresos netos por inversiones y/o devolución de capital. Las distribuciones del Fondo provenientes de inversiones en REIT pueden ser posteriormente clasificadas como ganancias de capital o devolución de capital, según el informe de dividendos de REIT a fin de año.
El Fondo enfatiza que los montos de distribución pueden variar según las condiciones del portafolio y del mercado. La información sobre las distribuciones mensuales se publicará en cohenandsteers.com y se enviará a los accionistas, con las características fiscales finales proporcionadas en el Formulario 1099-DIV después del final del año calendario.
코헨 & 스티어스 총 수익 부동산 펀드 (NYSE: RFI)는 2025년 3월 31일 배포 세부정보를 섹션 19(a)에 따라 발표했습니다. 이 펀드는 2011년 12월에 시행된 관리 배포 정책에 따라 운영되며, 고정 주당 배포를 통해 장기 총 수익을 제공하는 것을 목표로 합니다.
배포에는 장기 자본 이득, 단기 자본 이득, 순 투자 소득 및/또는 자본 반환과 같은 다양한 구성 요소가 포함될 수 있습니다. REIT 투자에서 발생하는 펀드의 배포는 연말 REIT 배당금 보고에 따라 자본 이득 또는 자본 반환으로 분류될 수 있습니다.
펀드는 배포 금액이 포트폴리오 및 시장 조건에 따라 달라질 수 있음을 강조합니다. 월별 배포 정보는 cohenandsteers.com에 게시되며 주주에게 발송되며, 연말에 1099-DIV 양식으로 최종 세금 특성이 제공됩니다.
Le Cohen & Steers Total Return Realty Fund (NYSE: RFI) a annoncé les détails de sa distribution pour le 31 mars 2025 conformément à la section 19(a). Le Fonds fonctionne selon une politique de distribution gérée mise en place en décembre 2011, qui vise à fournir des rendements totaux à long terme par le biais de distributions mensuelles régulières à des taux fixes par action.
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. Les distributions du Fonds provenant d'investissements dans des REIT peuvent être ultérieurement classées comme des gains en capital ou un retour de capital, en fonction des rapports de dividendes REIT à la fin de l'année.
Le Fonds souligne que les montants des distributions peuvent varier en fonction des conditions du portefeuille et du marché. Les informations sur les distributions mensuelles seront publiées sur cohenandsteers.com et envoyées aux actionnaires, avec les caractéristiques fiscales finales fournies sur le formulaire 1099-DIV après la fin de l'année civile.
Der Cohen & Steers Total Return Realty Fund (NYSE: RFI) hat die Verteilungsdetails für den 31. März 2025 gemäß Abschnitt 19(a) bekannt gegeben. Der Fonds operiert nach einer im Dezember 2011 eingeführten verwalteten Verteilungspolitik, die darauf abzielt, langfristige Gesamterträge durch regelmäßige monatliche Ausschüttungen zu festen Sätzen pro Aktie zu liefern.
Die Ausschüttungen können verschiedene Komponenten wie langfristige Kapitalgewinne, kurzfristige Kapitalgewinne, Nettokapitalerträge und/oder Rückzahlung von Kapital umfassen. Die Ausschüttungen des Fonds aus REIT-Investitionen können später als Kapitalgewinne oder Rückzahlung von Kapital charakterisiert werden, basierend auf den REIT-Dividendenberichten zum Jahresende.
Der Fonds betont, dass die Ausschüttungsbeträge je nach Portfolio- und Marktbedingungen variieren können. Monatliche Ausschüttungsinformationen werden auf cohenandsteers.com veröffentlicht und den Aktionären zugesendet, wobei die endgültigen steuerlichen Merkmale nach Ende des Kalenderjahres auf dem Formular 1099-DIV bereitgestellt werden.
- Consistent monthly distribution policy provides regular income to shareholders
- Fund maintains flexibility to realize and distribute long-term capital gains throughout the year
- Board can amend, terminate or suspend distribution policy, potentially affecting share price negatively
- Distributions may include return of capital, which reduces shareholder's tax basis
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 | March 2025 | YEAR-TO-DATE (YTD) March 31, 2025* | ||
Source | Per Share | % of Current | Per Share | % of 2025 |
Net Investment Income | 69.25 % | 31.63 % | ||
Net Realized Short-Term Capital Gains | 0.00 % | 35.88 % | ||
Net Realized Long-Term Capital Gains | 30.75 % | 32.49 % | ||
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 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 | 4.67 % |
Cumulative Distribution Rate2 | 2.00 % |
Five-year period ending February 28, 2025 | |
Average Annual Total Return3 | 6.50 % |
Current Annualized Distribution Rate4 | 7.99 % |
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
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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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