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Cohen & Steers Limited Duration Preferred and Income Fund Inc. (NYSE: LDP) is a diversified, closed-end management investment company dedicated to providing high current income and capital appreciation. Founded in 1986, Cohen & Steers is a global investment manager with a rich history of specializing in liquid real assets such as real estate securities, listed infrastructure, commodities, natural resource equities, and preferred securities.
The Fund maintains a portfolio comprised primarily of preferred and other income securities issued by both U.S. and non-U.S. companies. The strategic allocation aims to balance income generation with capital preservation. The investment strategy involves rigorous research and risk management to ensure the Fund aligns with its objectives under varying market conditions.
Based in New York City, Cohen & Steers extends its global footprint with offices in major financial centers including London, Hong Kong, Tokyo, and Seattle. This geographic diversity supports a broad understanding of global markets, enhancing the Fund’s ability to identify and capitalize on diverse investment opportunities.
In recent developments, the Fund has implemented significant changes to its distribution policies. Effective July 1, 2023, the Fund adopted a new policy to make regular monthly distributions at a level rate. This change is intended to provide a more predictable income stream for shareholders. The new policy replaces the managed distribution plan put in place in 2016, allowing the Fund to adapt to evolving market conditions and investment performance.
As part of its commitment to transparency, the Fund provides detailed information regarding the sources and characteristics of its distributions. Shareholders receive notices and updates through the company’s website and direct communications, ensuring they are well-informed about their investments.
Cohen & Steers prides itself on delivering strong investment performance and maintaining a disciplined approach to asset management. The Fund’s performance metrics, including year-to-date cumulative total return and average annual total return over a five-year period, are regularly disclosed to provide investors with a comprehensive overview of their investment’s performance.
Investors are encouraged to consult the Fund’s periodic reports and regulatory filings available on the Cohen & Steers website and the Securities and Exchange Commission’s EDGAR Database for detailed information on investment objectives, risks, charges, and expenses. These resources are essential for informed decision-making and ongoing investment management.
Overall, Cohen & Steers Limited Duration Preferred and Income Fund Inc. stands out for its focused investment approach, robust distribution policy, and commitment to transparency, making it a notable player in the realm of preferred and income securities.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) has announced its distribution for March 31, 2023, following a managed distribution policy initiated in December 2016. This policy aims to provide regular monthly distributions at a fixed rate, enhancing capital gains realization for shareholders. For March, the total current distribution per share is $0.1350, sourced mainly from net investment income ($0.1309 or 96.96%). Cumulatively, year-to-date distributions amount to $0.4050. The fund's year-to-date cumulative total return is 6.23%, with a current annualized distribution rate of 7.43%. Shareholders are advised to consider potential returns of capital and seek Form 1099-DIV for tax purposes.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) details the distribution sources for payments made to shareholders on February 28, 2023, and cumulative distributions year-to-date. The Fund has adopted a managed distribution policy designed to optimize long-term returns through regular monthly distributions. The total current distribution for February is $0.1350 per share, comprising $0.1028 from net investment income (76.15%) and $0.0322 from return of capital (23.85%). The year-to-date cumulative total return is 7.32%, while the five-year average annual return stands at 3.74% as of January 31, 2023.
This press release from Cohen & Steers Limited Duration Preferred and Income Fund (LDP) outlines the distribution payments and sources for January 31, 2023. The Fund has employed a managed distribution policy since December 2016, aiming to deliver regular monthly distributions. The current distribution totals $0.1350 per share, comprised of $0.1112 in net investment income (82.37%) and $0.0238 as return of capital (17.63%). Notably, the Fund’s year-to-date cumulative total return for 2022 was -11.31%, while its average annual total return for the five-year period ending December 31, 2022, was 2.41%. Shareholders should note the potential tax implications of returns of capital.
The press release discusses the distribution payment details for Cohen & Steers Limited Duration Preferred and Income Fund (LDP) slated for November 30, 2022. It outlines the managed distribution policy established in December 2016, which allows for regular monthly distributions aimed at maximizing long-term returns. For November 2022, the total current distribution per share is $0.1350, with 87.93% attributed to net investment income. The Fund also reports a year-to-date cumulative total return of -14.34% as of October 31, 2022, indicating a decline in performance amid ongoing market conditions.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced distribution details for shareholders, effective October 31, 2022. The Fund, operating under a managed distribution policy since December 2016, aims to provide regular monthly distributions. The current distribution totals $0.1350 per share, with 70.96% attributed to net investment income. Year-to-date cumulative total return for 2022 stands at -14.98%. Shareholders are advised that a portion of distributions may represent a return of capital, impacting tax basis.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution payment schedule for September 30, 2022. Since December 2016, the Fund has operated under a managed distribution policy aimed at facilitating regular monthly distributions. The current distribution is estimated at $0.1350 per share, which comprises net investment income and potential return of capital. Year-to-date cumulative total return from January 1 to August 31, 2022, stands at -10.53%, while the cumulative distribution rate is 5.63%.
The press release discusses the Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) distribution set for August 31, 2022. The Fund employs a managed distribution policy, allowing regular monthly distributions based on a fixed per-share rate. This flexibility supports long-term capital gains realization. In 2022, the Fund’s year-to-date cumulative total return was -9.65%, with a cumulative distribution rate of 4.92%. Key distribution sources include net investment income and return of capital, impacting shareholders' tax basis.
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