Welcome to our dedicated page for Cohen & Steers REIT & Preferred Income news (Ticker: RNP), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers REIT & Preferred Income 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.
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.
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.
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