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 Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE: RNP) announced the distribution details for June 30, 2021. The Fund operates under a managed distribution policy initiated in December 2017, aimed at providing shareholders with regular monthly distributions. For June 2021, the total distribution is $0.1240 per share, consisting entirely of realized long-term capital gains. The Fund's cumulative total return for 2021 stands at 13.97%, while the cumulative distribution rate is 2.84%. Shareholders will receive a Form 1099-DIV for tax reporting purposes.
The press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) details the upcoming distribution set for May 28, 2021, and outlines cumulative distributions for the fiscal year-to-date. Under a managed distribution policy, the Fund aims to enhance long-term returns through regular monthly payouts. Shareholders receive distributions from varied sources, including capital gains. For fiscal 2021, the Year-to-date Cumulative Total Return stands at 13.53% and the Cumulative Distribution Rate at 2.36%. Shareholders will receive Form 1099-DIV for tax purposes.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the sources of its distribution scheduled for April 30, 2021. The Fund's managed distribution policy, implemented in December 2017, allows for monthly distributions at a fixed rate to enhance long-term total return potential. For April 2021, the total distribution per share is $0.1240, made entirely from net realized long-term capital gains. Year-to-date, cumulative distributions stand at $0.4960 per share. Shareholders will receive a Form 1099-DIV detailing tax reporting specifics after the year-end.
The Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced the sources of its distribution to shareholders, scheduled for March 31, 2021. The Fund's managed distribution policy aims to enhance total return through regular monthly distributions, allowing flexibility for capital gains realization. For March 2021, the estimated total distribution is $0.1240 per share, all sourced from net realized long-term capital gains. Year-to-date Cumulative Total Return stands at 1.42%, while the Average Annual Total Return for the previous five years is 10.67%. Tax implications and variations in future distributions are also highlighted.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced its distribution details for February 26, 2021. The Fund employs a managed distribution policy, initiated in December 2017, to maximize long-term total returns through regular monthly distributions. For February, the estimated distribution is $0.1240 per share, solely from long-term capital gains. The cumulative total return for 2021 as of January 31 is -1.03%, with a cumulative distribution rate of 1.07%. Shareholders will receive a Form 1099-DIV for tax reporting after the year-end.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) announces the distribution sources for its January 29, 2021 payment. The Fund's managed distribution policy, effective since December 2017, aims to enhance regular monthly distributions by allowing for long-term capital gains realization. For January, the total distribution is $0.1240, sourced entirely from net realized long-term capital gains. Shareholders will receive a Form 1099-DIV for tax reporting after the year-end, detailing the distribution characteristics.
This press release informs shareholders of Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) about the upcoming distribution payment on December 31, 2020, and cumulative distributions for the fiscal year. The Fund's managed distribution policy aims to provide regular monthly distributions, which may include net investment income, capital gains, and return of capital. The total distribution for December 2020 is $0.1240 per share, while year-to-date distributions amount to $1.4880 per share. Shareholders will receive a Form 1099-DIV for tax purposes following the year's end.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced a distribution of $0.1240 per share, payable on November 30, 2020. This is part of a managed distribution policy initiated in December 2017, allowing regular monthly payouts. For 2020, the Fund's Year-to-date Cumulative Total Return is -7.39%, while the Cumulative Distribution Rate stands at 6.34%. Shareholders are advised that the final tax characteristics of the distributions will be reported on Form 1099-DIV after year-end.
The Cohen & Steers REIT and Preferred and Income Fund (RNP) announced the distribution of $0.1240 per share, payable on October 30, 2020. This distribution comprises 100% net investment income, while year-to-date distributions total $1.2400 per share, with 21.1% derived from net investment income. The Fund operates under a managed distribution policy, allowing regular monthly distributions and capital gains realization. The year-to-date cumulative total return stands at -6.05%, with a cumulative distribution rate of 5.65%. Investors are advised that actual tax characteristics will be finalized after year-end.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) will pay a distribution of $0.1240 per share on September 30, 2020. This distribution is sourced entirely from net investment income, comprising 100% of the current distribution. The fund's managed distribution policy allows for monthly fixed-rate distributions, enabling flexibility in realizing and distributing long-term capital gains. As of August 31, 2020, the fund's year-to-date cumulative total return stands at -4.31%, with a cumulative distribution rate of 4.96%.
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