Cohen & Steers Infrastructure Fund Announces Upcoming Distributions
The Board of Directors of Cohen & Steers Infrastructure Fund, Inc. (NASDAQ: UTF) has officially announced the monthly distributions scheduled for the upcoming months. Investors can look forward to regular benefits from the fund as it captures ongoing opportunities in the infrastructure sector.
Details of the Monthly Distributions
The monthly distributions for November and December have been set, with specific amounts and payment dates outlined for shareholders. For the month of November, shareholders will receive a distribution of $0.155. The details are summarized below:
November Distribution
Ex-Dividend Date: November 12
Payable Date: November 28
December Distribution
Ex-Dividend Date: December 9
Payable Date: December 31
Fund's Managed Distribution Policy
Cohen & Steers Infrastructure Fund has been operating under a managed distribution policy approved by the Securities and Exchange Commission. This strategic approach enables the fund to provide monthly distributions while ensuring that it can efficiently utilize its long-term capital gains throughout the year. This flexibility is vital for maintaining a steady income flow for investors.
Insights on Distribution Sources
The Fund's distributions may be derived from various sources, including net investment income and capital gains. Shareholders should be aware that the character of distributions can vary based on the investments held within the fund, which may include sectors such as real estate investment trusts (REITs) and master limited partnerships (MLPs).
Investor Guidance
It's important for shareholders to review the specifics of their distributions carefully. Notifications regarding the amounts and the sources of these distributions will be provided to shareholders on record before each payment date. Investors should remember that these communications serve informational purposes and are not intended for tax reporting details.
About Cohen & Steers Infrastructure Fund
Cohen & Steers Infrastructure Fund, Inc. is managed by Cohen & Steers, a renowned investment firm specializing in real assets and alternative income strategies, including real estate and infrastructure investments. Founded in 1986, the company continues to dedicate itself to maximizing returns for its investors through disciplined management practices. With headquarters in a major city, the firm operates globally, providing a broad range of investment solutions.
Frequently Asked Questions
What is the distribution amount for Cohen & Steers Infrastructure Fund?
The distribution amount for November is $0.155.
When are the ex-dividend and payable dates for the upcoming distributions?
The ex-dividend date for November is November 12, and the payable date is November 28. For December, the ex-dividend date is December 9, with payments made on December 31.
What is a managed distribution policy?
A managed distribution policy allows a fund to distribute earnings more flexibly while capturing long-term capital gains throughout the year.
Are the distributions subject to tax?
Yes, shareholders will receive a Form 1099-DIV for tax purposes, indicating how to report Fund distributions.
Where can investors find more information about Cohen & Steers?
Investors can learn more by visiting the official website of Cohen & Steers for detailed reports and updates on their investments.
