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.
The press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) details the distribution payments to shareholders scheduled for February 28, 2023. The Fund has a managed distribution policy established in December 2017 to provide regular monthly distributions aimed at enhancing total return potential through capital gains. The February distribution is noted as $0.1360 per share, entirely comprising long-term capital gains. Shareholders will receive a Form 1099-DIV for tax reporting purposes. Year-to-date cumulative total return for 2023 is reported at 11.52%, with a cumulative distribution rate of 1.22%. The current annualized distribution rate stands at 7.32%.
The press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) details the distribution sources to be paid on January 31, 2023. The Fund has implemented a managed distribution policy since December 2017, allowing for flexibility in utilizing long-term capital gains. January's distribution includes $0.1360 per share, fully sourced from net realized long-term capital gains. Shareholders should note a Year-to-Date Cumulative Total Return of -22.57% for 2022 and a Current Annualized Distribution Rate of 8.12%. Distributions may vary based on market conditions, and final tax characteristics will be reported on Form 1099-DIV.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the sources for its special distribution, to be paid on December 15, 2022. The Fund has a managed distribution policy aimed at providing regular monthly distributions while allowing flexibility for long-term capital gains. For December 2022, the total current distribution is $1.0714 per share, composed of $0.5531 net investment income and $0.5183 net realized short-term capital gains. The year-to-date cumulative total return is -19.54%, while the cumulative distribution rate stands at 12.25%.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced details about its upcoming distribution on November 30, 2022, and cumulative distributions for the fiscal year. The Fund follows a managed distribution policy aimed at providing regular monthly distributions to shareholders. For November, the total current distribution is $0.1360 per share, with 85.59% coming from net realized short-term capital gains. Shareholders will receive Form 1099-DIV for accurate reporting of distributions for tax purposes after the year ends.
The press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) outlines the distribution sources for payments on October 31, 2022. The Fund operates under a managed distribution policy, allowing for regular monthly payouts that include capital gains and return of capital. The October distribution totals $0.1360 per share, all sourced from long-term capital gains. Year-to-date, the Fund reports a cumulative total return of -25.05% and a cumulative distribution rate of 5.88%. Shareholders will receive Form 1099-DIV at year-end for tax reporting.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding its September 30, 2022 distribution. The Fund follows a managed distribution policy aiming for long-term returns through predictable monthly distributions. The latest distribution is $0.1360 per share, comprised solely of long-term capital gains. Year-to-date, the Fund has a cumulative total return of -15.64% and a distribution rate of 5.19%. The Fund advises investors that distribution sources may change at year's end based on actual performance.
The Board of Directors for Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) declared a special distribution of $1.0714 per share, alongside its regular monthly dividend. This distribution, announced on Sept. 26, 2022, includes remaining income and realized capital gains from the previous year, necessary for maintaining the Fund's regulated investment company status. The distribution is taxable for 2022, with the ex-date set for Dec. 07, 2022 and payment due on Dec. 15, 2022.
This press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) details the sources of its upcoming distribution, set for August 31, 2022. The Fund's managed distribution policy, initiated in December 2017, aims to provide regular monthly distributions to shareholders, including long-term and short-term capital gains, and return of capital. The total current distribution for August is $0.1360 per share, entirely derived from long-term capital gains. The current annualized distribution rate is 6.56%, despite a year-to-date cumulative total return of -11.54%.
On July 20, 2022, Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) announced details regarding its distribution payment on July 29, 2022. The Fund follows a managed distribution policy initiated in December 2017, allowing for flexibility in distributing regular monthly returns to shareholders. For July 2022, the total distribution per share is estimated at $0.1360, comprised entirely of long-term capital gains. Year-to-date cumulative total return is reported at -18.71%, contrasted with a cumulative distribution rate of 4.14% for 2022.
The press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) outlines the distribution to be paid on June 30, 2022, as part of its managed distribution policy established in December 2017. This policy aims to provide regular monthly distributions that may include long-term capital gains and net investment income. For fiscal year 2022, the Fund reports a year-to-date cumulative total return of -13.14% and a cumulative distribution rate of 3.30%. The total current distribution for June is $0.1360 per share, fully sourced from long-term capital gains.
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