Welcome to our dedicated page for Cohen and Steers Total Return Realty Fund news (Ticker: RFI), a resource for investors and traders seeking the latest updates and insights on Cohen and Steers Total Return Realty Fund stock.
Cohen & Steers Total Return Realty Fund Inc. (NYSE: RFI) is a diversified, closed-end management investment company that aims to achieve a high total return by investing in real estate securities. The company primarily invests in the equity securities of real estate companies, including common shares, real estate investment trusts (REITs), rights or warrants, convertible securities, and preferred shares.
Overview and Core Business
Founded in 1986, Cohen & Steers is a global investment manager renowned for specializing in liquid real assets such as real estate securities, listed infrastructure, commodities, and natural resource equities. The firm also manages preferred securities and other income solutions, aiming to provide investors with solid, long-term returns. Headquartered in New York City, Cohen & Steers operates additional offices in London, Hong Kong, Tokyo, Dublin, and Seattle.
Investment Strategy and Objectives
The main objective of Cohen & Steers Total Return Realty Fund Inc. is to deliver high total returns through strategic investments in real estate securities. The Fund has implemented a managed distribution policy to provide consistent and regular monthly distributions to its shareholders. This policy gives the Fund flexibility to realize long-term capital gains throughout the year. These distributions may include long-term capital gains, short-term capital gains, net investment income, and/or return of capital for federal income tax purposes.
Recent Developments
- Distributions and Returns: The latest press release dated October 30, 2023, indicates that the Fund has been paying monthly distributions under its managed distribution policy. The Fund's Year-to-date Cumulative Total Return for fiscal year 2023 (January 1, 2023, through September 30, 2023) is detailed in their reports. According to the latest updates, the Fund's Average Annual Total Return for the five-year period ending September 30, 2023, is also available.
- Fiscal Year Updates: Additional fiscal updates have been provided through press releases dated November 29, 2023, December 22, 2023, January 29, 2024, and up to the latest on May 28, 2024. Each of these updates includes detailed information on the Fund’s distribution rates, cumulative returns, and performance metrics.
Financial Reporting and Tax Information
The Fund provides detailed financial reports and regulatory filings, available through their website and the Securities and Exchange Commission's EDGAR Database. It is critical for shareholders to read these reports carefully before investing. The actual tax characteristics of the Fund's distributions are finalized and reported on Form 1099-DIV after the calendar year ends.
Global Presence and Partnerships
Cohen & Steers maintains a strong global presence with offices in key financial hubs around the world. This extensive network enhances their investment capabilities and offers substantial benefits to their investors through diversified portfolios and specialized investment strategies.
Conclusion
Investors looking for high total returns through real estate securities may find Cohen & Steers Total Return Realty Fund Inc. a compelling option. With its managed distribution policy, strategic asset allocation, and robust global operations, the Fund aims to deliver consistent performance and value to its shareholders. For the latest updates and detailed financial performance, investors are encouraged to consult the Fund's reports and press releases, accessible through their official website and regulatory filings.
The press release from Cohen & Steers Total Return Realty Fund (RFI) provides details about the distribution scheduled for March 31, 2023. The Fund follows a managed distribution policy since December 2011, aiming for stable monthly distributions while allowing capital gain realization throughout the year. The current distribution is $0.0800 per share, with 74.75% coming from net investment income. The year-to-date cumulative total return for fiscal year 2023 is 4.66%, while the average annual total return over the last five years is 8.35%. Shareholders receive Form 1099-DIV for tax reporting, and distributions may vary based on market conditions.
FAQ
What is the current stock price of Cohen and Steers Total Return Realty Fund (RFI)?
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What is the primary investment objective of Cohen & Steers Total Return Realty Fund Inc.?
What types of securities does the Fund invest in?
How does the Fund's managed distribution policy work?
What are the sources of the Fund's monthly distributions?
Where can I find the Fund’s financial reports and regulatory filings?
How is the Fund's Net Asset Value (NAV) calculated?
What should shareholders consider before investing in the Fund?
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What should I do to prepare my tax returns related to the Fund’s distributions?
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