Cohen & Steers Funds Announce Upcoming Distributions for Shareholders
Cohen & Steers Funds Announce Upcoming Distributions
The Boards of Directors for the Cohen & Steers Funds have shared their plans regarding monthly distributions for the upcoming months, including October, November, and December. This announcement carries significant details for investors who are part of these funds, highlighting how these distributions impact shareholder returns.
Monthly Distribution Details
Summary of Monthly Dividends
The Cohen & Steers funds will provide the following monthly dividends for shareholders:
Ticker: CEF Tickers and Fund Names with Monthly Dividends
- FOF: Cohen & Steers Closed-End Opportunity Fund, Inc. - $0.087
- LDP: Cohen & Steers Limited Duration Preferred and Income Fund, Inc. - $0.131
- PSF: Cohen & Steers Select Preferred and Income Fund, Inc. - $0.126
- PTA: Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund - $0.134
- RFI: Cohen & Steers Total Return Realty Fund, Inc. - $0.080
- RLTY: Cohen & Steers Real Estate Opportunities and Income Fund - $0.110
- RNP: Cohen & Steers REIT and Preferred and Income Fund, Inc. - $0.136
- RQI: Cohen & Steers Quality Income Realty Fund, Inc. - $0.080
- UTF: Cohen & Steers Infrastructure Fund, Inc. - $0.155
Distribution Payment Schedule
Distributions will be allocated as per the following timetable:
- October - Ex-Dividend Date: 15th, Payable Date: 31st
- November - Ex-Dividend Date: 12th, Payable Date: 29th
- December - Ex-Dividend Date: 10th, Payable Date: 31st
Understanding the Nature of Distributions
The distributions from the Cohen & Steers funds reflect a regular monthly cash distribution model that may undergo adjustments based on varying market conditions. The funds primarily generate their distributions through net investment income, but they may also incorporate components such as net realized capital gains and return of capital.
Return of capital refers to distributions that exceed net investment income, sourced from the assets within the fund. As per federal tax regulations, these may be taxed as ordinary income, adding an additional layer of consideration for shareholders when evaluating their investment returns.
Managed Distribution Policies
Funds like the Cohen & Steers Closed-End Opportunity Fund, Total Return Realty Fund, REIT and Preferred Income Fund, Infrastructure Fund, and Quality Income Realty Fund have set managed distribution policies. The aim of these policies is to offer greater flexibility for long-term capital gains realization, allowing the funds to distribute those gains consistently to their investors.
This structure supports regular monthly payments and enables the funds to navigate the various market dynamics effectively. The Board of Directors retains the authority to amend or suspend these distribution policies as necessary, which could potentially influence the market pricing of the shares involved.
Tax Considerations for Shareholders
Investors should be mindful of how these distributions are characterized for tax purposes. The nature of distributions within funds may change based on the returns from real estate investment trusts (REITs), master limited partnerships (MLPs), and other closed-end funds. Consequently, shareholders can anticipate receiving a Form 1099-DIV at the end of each year, detailing how to report these for federal income taxes.
As always, before making any investment, it is wise for potential investors to weigh the investment objectives, risks involved, and associated expenses of the funds. Detailed reports and filings pertinent to these funds can be obtained from financial advisors or directly through the funds’ platforms.
Frequently Asked Questions
What are the upcoming distribution amounts for Cohen & Steers Funds?
The upcoming distributions for various funds range from $0.080 to $0.155 per share, depending on the specific fund.
How often do Cohen & Steers Funds declare distributions?
Cohen & Steers Funds declare distributions on a monthly basis, allowing for consistent cash flow for shareholders.
What is a return of capital in fund distributions?
A return of capital occurs when a fund distributes amounts that exceed its net investment income, sourced from the fund's assets.
How are fund distributions taxed in the U.S.?
Some or all of the return of capital may be taxed as ordinary income under federal tax regulations.
Where can I find more information about Cohen & Steers Funds?
Additional information can be accessed on Cohen & Steers' official website, which provides insights on fund performance and distribution details.
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