Welcome to our dedicated page for Cohen & Steers REIT and Preferred and Income Fund news (Ticker: RNP), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers REIT and Preferred and Income Fund stock.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) is a diversified, closed-ended investment management fund managed by Cohen & Steers, a global investment firm specializing in liquid real assets. Founded in 1986, Cohen & Steers is headquartered in New York City, with offices in London, Hong Kong, Tokyo, and Seattle.
The primary investment objective of the Fund is to provide high current income, with capital appreciation as a secondary goal. The Fund invests at least its total assets in common stocks issued by real estate investment trusts (REITs) and preferred securities under normal circumstances, focusing on generating regular income for its shareholders.
In December 2017, the Fund implemented a managed distribution policy, allowing for regular monthly distributions declared at a fixed rate per common share. This policy provides flexibility in realizing long-term capital gains throughout the year and distributing them on a monthly basis. The managed distribution policy can be amended or terminated by the Board of Directors at any time.
The Fund's monthly distributions can include long-term capital gains, short-term capital gains, net investment income, and/or return of capital for federal income tax purposes. Shareholders receive detailed information about distributions, including tax implications, through notices posted on the Cohen & Steers website and mailed concurrently. Final tax characteristics are determined after year-end and are provided on Form 1099-DIV.
The Fund's performance and distribution rates are based on the net asset value per share (NAV), which reflects the total market value of all securities and other assets held by the Fund minus total liabilities, divided by the total number of shares outstanding. It's important to note that while NAV performance may indicate the Fund's investment performance, the value of an individual shareholder's investment is determined by the market price of the Fund's shares.
Cohen & Steers continues to maintain its reputation as a leading global investment manager, focusing on real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, and commodities. For more information and updates, shareholders can visit the official Cohen & Steers website.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced its October 2024 distribution details. The Fund's current distribution of $0.1360 per share comes entirely from net investment income. Year-to-date through September 30, 2024, the Fund achieved a 16.98% cumulative total return with a 5.93% cumulative distribution rate. The Fund's five-year average annual total return ending September 30, 2024, stands at 6.79%, with a current annualized distribution rate of 7.12%. The Fund operates under a managed distribution policy implemented in December 2017 to deliver long-term total return potential through regular monthly distributions.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced its distribution for September 2024, payable on September 30, 2024. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. Key points:
- The current distribution is $0.1360 per share, sourced entirely from Net Investment Income.
- Year-to-date distributions total $1.2240 per share, also sourced entirely from Net Investment Income.
- The Fund's Year-to-date Cumulative Total Return (Jan 1 - Aug 31, 2024) is 12.99%.
- The Cumulative Distribution Rate for the current fiscal period is 5.50%.
- The Fund's Average Annual Total Return for the five-year period ending August 31, 2024, is 6.39%.
- The Current Annualized Distribution Rate is 7.33%.
Shareholders are advised not to use this information for tax preparation and to await Form 1099-DIV for accurate tax reporting.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced its distribution for August 2024, to be paid on August 30, 2024. The Fund follows a managed distribution policy implemented in December 2017, aiming to deliver long-term total return potential through regular monthly distributions. For August 2024, the distribution is $0.1360 per share, entirely sourced from net investment income. Year-to-date distributions total $1.0880 per share. The Fund's year-to-date cumulative total return is 8.07%, with a cumulative distribution rate of 5.08%. The Fund's five-year average annual total return is 6.39%, with a current annualized distribution rate of 7.62%.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced its July 2024 distribution details. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For July 2024, the distribution is $0.1360 per share, entirely sourced from net investment income. Year-to-date distributions total $0.9520 per share. The Fund's year-to-date cumulative total return is 2.84%, with a cumulative distribution rate of 4.64%. Over a five-year period ending June 30, 2024, the Fund's average annual total return is 5.78%, with a current annualized distribution rate of 7.95%.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding its managed distribution policy and the sources of its distributions for June 28, 2024. Established in December 2017, the policy aims to deliver long-term total returns through fixed monthly distributions. It provides flexibility for the fund to realize and distribute capital gains regularly. The June 2024 distribution of $0.1360 per share is entirely sourced from net investment income, with no contributions from capital gains or return of capital.
The year-to-date cumulative distribution per share amounts to $0.8160, also fully from net investment income. The fund's year-to-date cumulative total return is 1.25%, with a 4.01% cumulative distribution rate. Over the past five years, the average annual total return is 5.91%, and the current annualized distribution rate stands at 8.02%.
Final tax characteristics of distributions will be provided via Form 1099-DIV post-calendar year-end. Shareholders are advised that these figures are estimates and subject to change based on the fund's investment performance and tax regulations.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding the sources of its upcoming monthly distribution on May 31, 2024. The Fund operates under a managed distribution policy, aiming to provide consistent monthly payouts, which may include long-term and short-term capital gains, net investment income, and return of capital. For May 2024, the distribution per share is $0.1360, exclusively from net investment income. Year-to-date, the total distribution per share is $0.6800, also solely from net investment income. The Fund's year-to-date cumulative total return is -4.12%, while the cumulative distribution rate is 3.51%. Over the past five years, the average annual total return is 4.95%, and the current annualized distribution rate is 8.42%. Shareholders are advised that the final tax characteristics of distributions will be provided in Form 1099-DIV at year-end.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) announced the sources of distribution for April 30, 2024, and year-to-date cumulative distributions. The managed distribution policy aims to deliver long-term total return potential through regular monthly distributions declared at a fixed rate. The distributions may include long-term capital gains, short-term capital gains, net investment income, and return of capital. Shareholders should not draw investment performance conclusions from distribution amounts. The Fund's performance and distribution rate information for the fiscal year 2024 is provided, based on net asset value per share (NAV).
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