Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced its July 2025 distribution details and sources. The Fund's current distribution of $0.1360 per share comprises 40.59% from net investment income and 59.41% from return of capital. Year-to-date distributions total $0.9520 per share.
The Fund's performance metrics show a year-to-date total return of 4.59% and an average annual total return of 8.57% for the five-year period ending June 30, 2025. The current annualized distribution rate stands at 7.70% of NAV.
The Fund operates under a managed distribution policy implemented in December 2017, designed to deliver long-term total return potential through regular monthly distributions.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) ha annunciato i dettagli e le fonti della distribuzione di luglio 2025. La distribuzione attuale del Fondo, pari a 0,1360 $ per azione, 猫 composta da 40,59% di reddito netto da investimenti e 59,41% da restituzione di capitale. Le distribuzioni da inizio anno ammontano a 0,9520 $ per azione.
I parametri di performance del Fondo mostrano un rendimento totale da inizio anno del 4,59% e un rendimento totale medio annuo dell'8,57% per il periodo di cinque anni conclusosi il 30 giugno 2025. Il tasso di distribuzione annualizzato attuale 猫 pari al 7,70% del valore patrimoniale netto (NAV).
Il Fondo opera secondo una politica di distribuzione gestita, avviata nel dicembre 2017, pensata per offrire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) ha anunciado los detalles y las fuentes de su distribuci贸n de julio de 2025. La distribuci贸n actual del Fondo, de 0,1360 $ por acci贸n, se compone de un 40,59% proveniente de ingresos netos por inversiones y un 59,41% de devoluci贸n de capital. Las distribuciones acumuladas en el a帽o totalizan 0,9520 $ por acci贸n.
Las m茅tricas de rendimiento del Fondo muestran un rendimiento total acumulado del 4,59% y un rendimiento total anual promedio del 8,57% para el per铆odo de cinco a帽os que finaliz贸 el 30 de junio de 2025. La tasa de distribuci贸n anualizada actual es del 7,70% del valor neto de los activos (NAV).
El Fondo opera bajo una pol铆tica de distribuci贸n gestionada implementada en diciembre de 2017, dise帽ada para ofrecer un potencial de rendimiento total a largo plazo mediante distribuciones mensuales regulares.
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韼�霌滌潣 靹标臣 歆�響滊姅 2025雲� 6鞗� 30鞚� 膦呺霅� 5雲� 旮瓣皠 霃欖晥 鞐办磮 鞚错泟 齑濎垬鞚惦 4.59%鞕赌 鞐绊弶攴� 齑濎垬鞚惦 8.57%毳� 氤挫棳欷嶋媹雼�. 順勳灛 鞐绊櫂靷� 氚半嫻毳犾潃 靾滌瀽靷瓣皜旃�(NAV)鞚� 7.70%鞛呺媹雼�.
鞚� 韼�霌滊姅 2017雲� 12鞗� 霃勳瀰霅� 甏�毽槙 氚半嫻 鞝曥眳 頃橃棎 鞖挫榿霅橂┌, 鞝曣赴鞝侅澑 鞗旊硠 氚半嫻鞚� 韱淀暣 鞛リ赴鞝侅澑 齑濎垬鞚� 鞛犾灛霠レ潉 鞝滉车頃橂弰搿� 靹り硠霅橃棃鞀惦媹雼�.
Cohen & Steers REIT and Preferred and Income Fund (NYSE : RNP) a annonc茅 les d茅tails et les sources de sa distribution de juillet 2025. La distribution actuelle du Fonds, de 0,1360 $ par action, se compose de 40,59 % provenant du revenu net d'investissement et de 59,41 % provenant du retour de capital. Les distributions cumul茅es depuis le d茅but de l'ann茅e s'茅l猫vent 脿 0,9520 $ par action.
Les indicateurs de performance du Fonds montrent un rendement total depuis le d茅but de l'ann茅e de 4,59 % et un rendement total annuel moyen de 8,57 % sur la p茅riode de cinq ans se terminant le 30 juin 2025. Le taux de distribution annualis茅 actuel est de 7,70 % de la valeur nette d'inventaire (VNI).
Le Fonds fonctionne selon une politique de distribution g茅r茅e mise en place en d茅cembre 2017, con莽ue pour offrir un potentiel de rendement total 脿 long terme gr芒ce 脿 des distributions mensuelles r茅guli猫res.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) hat die Details und Quellen der Aussch眉ttung f眉r Juli 2025 bekanntgegeben. Die aktuelle Aussch眉ttung des Fonds betr盲gt 0,1360 $ pro Aktie und setzt sich zusammen aus 40,59% aus Nettoanlageertr盲gen und 59,41% aus Kapitalr眉ckzahlung. Die Aussch眉ttungen seit Jahresbeginn belaufen sich auf insgesamt 0,9520 $ pro Aktie.
Die Leistungskennzahlen des Fonds zeigen eine Gesamtrendite seit Jahresbeginn von 4,59% und eine durchschnittliche j盲hrliche Gesamtrendite von 8,57% f眉r den F眉nfjahreszeitraum bis zum 30. Juni 2025. Die derzeitige annualisierte Aussch眉ttungsrendite liegt bei 7,70% des Nettoinventarwerts (NAV).
Der Fonds wird nach einer im Dezember 2017 eingef眉hrten verwalteten Aussch眉ttungspolitik betrieben, die darauf abzielt, durch regelm盲脽ige monatliche Aussch眉ttungen langfristiges Gesamtrenditepotenzial zu bieten.
- None.
- 59.41% of current distribution represents return of capital, potentially reducing shareholders' cost basis
- Fund has distributed more than its income and capital gains
Insights
Cohen & Steers fund RNP shows strong 8.57% 5-year returns while current distribution includes significant return of capital component.
The distribution announcement for Cohen & Steers REIT and Preferred and Income Fund (RNP) reveals important composition details that warrant investor attention. For July 2025, 59.41% of the
Year-to-date, the picture improves somewhat, with 74.09% of distributions sourced from net investment income and 4.19% from long-term capital gains, though return of capital still constitutes 21.72% of total distributions. This suggests the fund's current managed distribution policy may be distributing more than it's earning through investments, at least in the current month.
Performance metrics show the fund has generated a
For tax-conscious investors, understanding these distribution sources is crucial as return of capital portions aren't immediately taxable but reduce cost basis in the shares, potentially increasing capital gains tax liability upon eventual sale. The high proportion of return of capital in the current month's distribution suggests the fund may be prioritizing distribution consistency over matching distributions to actual income generation.
In December 2017, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.
The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. In addition, distributions from the Fund's investments in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to the Fund after year-end by REITs held by the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.
At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.
The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.
DISTRIBUTION ESTIMATES | July 2025 | YEAR-TO-DATE (YTD) July 31, 2025* | ||
Source | Per Share | % of Current | Per Share | % of 2025 |
Net Investment Income | 40.59听% | 74.09听% | ||
Net AG真人官方ized Short-Term Capital Gains | 0.00听% | 0.00听% | ||
Net AG真人官方ized Long-Term Capital Gains | 0.00听% | 4.19听% | ||
Return of Capital (or other Capital Source) | 59.41听% | 21.72听% | ||
Total Current Distribution | 100.00听% | 100.00听% | ||
You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.
*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES
The Fund's Year-to-date Cumulative Total Return for fiscal year 2025 (January 1, 2025 through June 30, 2025) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2025. In addition, the Fund's Average Annual Total Return for the five-year period ending June 30, 2025 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2025. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Fund Performance and Distribution Rate Information:
Year-to-date January 1, 2025 to June 30, 2025 | |
Year-to-date Cumulative Total Return1 | 4.59听% |
Cumulative Distribution Rate2 | 4.49听% |
Five-year period ending June 30, 2025 | |
Average Annual Total Return3 | 8.57听% |
Current Annualized Distribution Rate4 | 7.70听% |
1. | Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period |
2. | Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2025 through July 31, 2025) measured |
3. | Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for |
4. | The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage |
Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.
Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.
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Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in
Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
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SOURCE Cohen & Steers, Inc.
FAQ
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