Cohen & Steers Funds Announce Year-End Distributions
The Board of Directors of Cohen & Steers Closed-End Funds has declared monthly distributions for October, November, and December. These planned distributions are designed to enhance the value provided to shareholders throughout the year.
Overview of Distribution Details
The upcoming distributions for each fund are summarized in the following table:
Distribution Overview
Each fund will offer monthly dividends, with specific amounts as follows:
- 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
Payment Schedule
The distribution payments will be made according to the following timeline:
Key Dates for Upcoming Payments
- October: Ex-Dividend Date: October 14, Payable Date: October 31
- November: Ex-Dividend Date: November 12, Payable Date: November 28
- December: Ex-Dividend Date: December 9, Payable Date: December 31
Insights on Distributions
Funds like Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund, along with others, have established regular monthly cash distributions to common shareholders. The level rate of these distributions can be adjusted based on financial conditions and net investment income. It’s important to note that such adjustments can include net realized capital gains and possible returns on capital.
Return of capital refers to distributions that exceed net investment income, provided from the fund's resources. This characteristic may affect tax liabilities for investors.
Managed Distribution Policies
Funds like the Cohen & Steers Closed-End Opportunity Fund, Inc. have implemented managed distribution plans. These policies, under the Securities and Exchange Commission's guidelines, allow funds to distribute long-term capital gains more regularly, which ultimately benefits shareholders.
Furthermore, each month before the payout, the funds will issue notices detailing the distribution amount and its sources. This information serves as guidance for shareholders but isn't used for tax reporting.
Tax Considerations for Shareholders
Shareholders should be informed that their tax returns must reflect the information provided via Form 1099-DIV, which outlines how to report the distributions for federal income tax purposes. Investors are advised to consult their advisors before making any decisions based on this information.
About Cohen & Steers
Cohen & Steers is recognized as a prominent investment manager specializing in real assets and alternative income strategies. The firm was founded in 1986 and has its headquarters in New York. Its operations extend globally, with offices in major cities such as London, Dublin, Hong Kong, Tokyo, and Singapore.
Frequently Asked Questions
What are the key distribution amounts for Cohen & Steers funds?
The key distribution amounts are $0.087 for FOF, $0.131 for LDP, $0.126 for PSF, $0.134 for PTA, and varying amounts for others.
When will the distributions be paid out?
Distributions for October, November, and December will be paid on the last day of those respective months.
How often do these funds distribute dividends?
The funds distribute dividends on a monthly basis, allowing for consistent income for shareholders.
What factors affect distribution amounts?
Distribution amounts may vary based on market conditions, portfolio changes, and the funds' net investment income.
Where can I find more information about Cohen & Steers?
More information can be found on the official Cohen & Steers website, where you can access periodic reports and related details.
