Cohen & Steers Fund Distribution Insights and Performance Report
Key Distribution Insights for Shareholders
This notice serves to inform the shareholders of Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) about the sources of the upcoming distributions. Shareholders can embrace transparency as we delve into the financial details and the strategy that governs the Fund's distributions
Managed Distribution Policy Explained
Implemented in December 2017, the managed distribution policy allows the Fund to align its distribution strategy with its long-term return objectives. By declaring regular monthly distributions at a set rate per common share, the Fund aims to optimize returns while providing predictability for shareholders.
The Role of Board of Directors
The Board of Directors retains the authority to adjust, suspend, or terminate this policy depending on market conditions and the Fund’s performance, which may significantly affect the market valuation of Fund shares.
Understanding Distribution Components
Each distribution from the Fund may include various components such as long-term capital gains, short-term capital gains, net investment income, and return of capital, offering shareholders a complex but transparent view of their income sources. Importantly, while returns of capital aren’t taxable upon receipt, they may affect a shareholder’s tax basis.
Tax Reporting and Final Characteristics
Detailed information regarding the tax implications of these distributions will be communicated via concurrent notices and published on the Fund's official website, contributing to informed decision-making on the part of the shareholders.
Current Distribution Estimates Breakdown
The latest distribution estimates outline the components of the Fund’s revenue streams for the fiscal year. These estimates are dynamic and may change due to fluctuating market conditions.
Component Summary
The table below summarizes the approximate amounts of the current distribution and cumulative distributions:
- Net Investment Income: $0.0552
- Net Realized Short-Term Capital Gains: $0.0000
- Return of Capital: $0.0808
- Total Current Distribution: $0.1360
Year-to-Date Performance Metrics
Evaluating performance within the fiscal year enables shareholders to discern the relationship between cumulative distributions and the Fund’s total return. The year-to-date cumulative total return for 2025 stands at 4.59%, underscoring the importance of understanding returns relative to revenues.
Five-Year Performance Review
The Average Annual Total Return over the previous five years amounts to 8.57%, indicating a robust performance history, which aligns with the Fund's commitment to delivering consistent returns for investors.
Investor Considerations and Resources
It is crucial for investors to consider their financial goals and the associated risks before investing in the Fund. The most recent periodic reports and regulatory filings can be accessed through your financial advisor or the Fund’s official website, further supporting informed investment choices.
Frequently Asked Questions
What is the managed distribution policy?
The managed distribution policy allows for regular monthly distributions at a fixed rate per share, designed to align with long-term returns while providing reliability to shareholders.
How are distributions characterized for tax purposes?
Distributions can include net investment income, capital gains, and returns of capital, impacting how they are taxed for shareholders.
Where can I find information about my investments?
Shareholders can access updates through the Fund’s official website, where information regarding distributions and financial reports is regularly posted.
What is the significance of the return of capital?
A return of capital reduces a shareholder's tax basis but is not recognized as taxable income at the time of distribution.
What is the website for Cohen & Steers?
Shareholders can visit https://www.cohenandsteers.com/ for more resources and information related to their investments and the Fund's performance.
About The Author
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