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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.
This press release informs shareholders of Cohen & Steers Limited Duration Preferred and Income Fund (LDP) about the sources of the distribution payable on July 29, 2022, and year-to-date cumulative distributions. The Fund has a managed distribution policy since December 2016, allowing regular monthly distributions based on net income and realized gains. The total current distribution for July 2022 is $0.1350 per share. The Fund's year-to-date cumulative total return is -14.06%, with a cumulative distribution rate of 4.50%. Shareholders will receive a Form 1099-DIV for tax reporting.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced details regarding its monthly distribution scheduled for June 30, 2022. Implemented in December 2016, the managed distribution policy aims to provide regular monthly distributions, enhancing long-term capital gains realization. The current distribution of $0.1350 per share comprises net investment income, capital gains, and return of capital. Year-to-date returns reveal an 8.95% decrease in cumulative total return, while the current annualized distribution rate stands at 7.24%. Shareholders will receive a Form 1099-DIV for tax reporting.
The Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its monthly distribution of $0.1350 per share, payable on May 31, 2022. This distribution consists of 81.19% net investment income, with a portion classified as a return of capital. The Fund aims to provide steady returns through its managed distribution policy initiated in December 2016. As of April 30, 2022, the Year-to-date cumulative total return is -7.43%, while the average annual total return over five years is 4.74%. Long-term performance may affect shareholder value.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution details for April 2022, emphasizing its managed distribution policy initiated in December 2016. This policy allows for fixed monthly distributions to shareholders, which may include long-term capital gains and return of capital. The current distribution is $0.1350 per share, with cumulative distributions year-to-date totaling $0.5400 per share. It is noted that these distributions may account for capital return rather than performance returns, and shareholders will receive Form 1099-DIV for tax reporting.
Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution sources effective March 31, 2022. Under a managed distribution policy initiated in December 2016, the Fund aims to provide regular monthly distributions, offering flexibility for long-term capital gains realization. Shareholders may receive distributions from net investment income, capital gains, or return of capital. For 2022, the total current distribution is $0.1350 per share, and the cumulative distribution year-to-date is $0.4050 per share. Returns include a -4.92% YTD return as of February 28, 2022.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its distribution details for February 28, 2022. The fund follows a managed distribution policy to provide shareholders with consistent monthly distributions, which may include long-term capital gains and a return of capital. The current monthly distribution is set at $0.1350 per share, with cumulative distributions for the fiscal year-to-date amounting to $0.2700. Notably, the fund's year-to-date cumulative total return is -1.64%, while the average annual total return over five years stands at 7.06%.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (LDP) outlines the sources of its upcoming distribution on January 31, 2022. The fund has employed a managed distribution policy since December 2016 to facilitate regular monthly payments to shareholders, aiming for long-term total return. The January 2022 distribution totals $0.1350 per share, comprising $0.0961 from net investment income (71.19%) and $0.0389 as a return of capital (28.81%). The fund emphasizes that distribution amounts may vary and that shareholders will receive the final tax characteristics on Form 1099-DIV after the fiscal year ends.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced details regarding its upcoming distribution on December 31, 2021. Following a managed distribution policy established in December 2016, this month’s distribution amounts to $0.1430 per share. The monthly distributions are derived from net investment income, long-term capital gains, and may include a return of capital. As of November 30, 2021, the fund reported a 3.98% year-to-date cumulative total return and an 8.32% cumulative distribution rate for the fiscal year.
The Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its distribution for November 30, 2021, totaling $0.1430 per share. This payment is part of a managed distribution policy established in December 2016, allowing the Fund to distribute regular monthly payments to shareholders. The current distribution comprises 68.39% net investment income and 31.61% long-term capital gains. Year-to-date, the Fund achieved a cumulative total return of 5.72% and a cumulative distribution rate of 6.05% as of October 31, 2021.
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