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 (NYSE: RNP) details the distribution sources scheduled for May 31, 2022. The Fund follows a managed distribution policy aimed at providing consistent monthly distributions, which may include capital gains and return of capital. As of April 30, 2022, the Fund reported a year-to-date cumulative total return of -9.66% and a cumulative distribution rate of 2.63%. The announcement emphasizes that distribution amounts are estimates and will be finalized post-year-end tax reporting. Shareholders are advised to read the Form 1099-DIV for accurate reporting.
The Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) has announced details regarding its April 2022 distribution and cumulative distributions year-to-date. As part of its managed distribution policy initiated in December 2017, the Fund provides regular monthly distributions to enhance long-term returns. The April 2022 distribution is $0.1360 per share, consisting entirely of net realized long-term capital gains, with no net investment income or return of capital included. The Fund's cumulative total return for 2022 is currently -6.42%, while the average annual total return for five years is 11.49%.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the sources of its upcoming distribution, set for March 31, 2022. The Fund follows a managed distribution policy since December 2017, aiming to provide regular monthly distributions. The current distribution includes $0.1360 per share, sourced entirely from net realized long-term capital gains. As of February 28, 2022, the Fund reported a year-to-date cumulative total return of -11.10% and a cumulative distribution rate of 1.59%. Shareholders will receive a Form 1099-DIV detailing tax characteristics for these distributions.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced distribution details for shareholders, effective February 28, 2022. The Fund follows a managed distribution policy, allowing regular monthly distributions based on long-term capital gains. Current distributions are primarily sourced from long-term capital gains, with no net investment income reported. Year-to-date, the Fund's cumulative total return is -6.09%, while the current annualized distribution rate is 5.97%. Shareholders will receive Form 1099-DIV for tax reporting purposes, detailing actual distribution amounts.
The press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) announces the sources of its upcoming distribution scheduled for January 31, 2022. The Fund follows a managed distribution policy initiated in December 2017, providing regular monthly distributions. For January 2022, the total distribution is $0.1360 per share, entirely derived from long-term capital gains. The press release emphasizes that distribution amounts may fluctuate and are not tax-reporting figures. Year-to-date cumulative total return for 2021 is reported at 31.10%, with a current annualized distribution rate of 5.58%.
The press release informs shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) about the distribution to be paid on December 31, 2021, under the managed distribution policy. This policy allows for regular monthly distributions at a fixed rate, aiming to maximize long-term returns by distributing capital gains. For December 2021, the distribution is estimated at $0.1240 per share from net investment income. The Fund's cumulative total return for the year is reported at 22.02%, with a cumulative distribution rate of 5.44%.
This press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announces the sources of its distributions for November 30, 2021, and year-to-date cumulative distributions. The Fund follows a managed distribution policy initiated in December 2017, allowing for greater flexibility in capital gains distribution. The current monthly distribution is $0.1240 per share, fully derived from net investment income. The fiscal year-to-date cumulative total return is 23.86%, with a cumulative distribution rate of 4.89%. Shareholders will receive Form 1099-DIV for tax purposes.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the distribution details for shareholders, set for October 29, 2021. Since implementing a managed distribution policy in December 2017, the Fund aims to provide regular monthly distributions to enhance long-term returns. For October 2021, the total current distribution per share is $0.1240, composed entirely of net investment income. The year-to-date cumulative total return as of September 30, 2021, is 18.13%, with an average annual total return of 10.64% over five years.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the distribution details for September 30, 2021. Following a managed distribution policy initiated in December 2017, the Fund aims to provide consistent monthly distributions based on net investment income and capital gains. For September, the distribution per share is $0.1240, derived entirely from net investment income. Year-to-date, total distributions are $1.1160, with a cumulative distribution rate of 3.99% and a year-to-date total return of 23.07% through August 31, 2021.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced details regarding its distribution payment scheduled for July 30, 2021. The Fund utilizes a managed distribution policy, allowing for regular monthly distributions to shareholders. The current distribution of $0.1240 per share is entirely sourced from long-term capital gains. Year-to-date, the Fund has achieved a 17.07% total return, with a cumulative distribution rate of 3.24%. Shareholders are advised that distribution amounts may vary and will be finalized on Form 1099-DIV after the close of the calendar year.
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