#USA #New York #Cohen & Steers #RFI #Total Return Realty Fund

Overview of Cohen & Steers Total Return Realty Fund Distribution

On December 18, 2025, the Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) released essential information for its shareholders regarding upcoming distributions. The fund, established to provide its investors a method for regular returns, has outlined details of its managed distribution policy.

What is the Managed Distribution Policy?

In 2011, Cohen & Steers implemented a managed distribution strategy aimed at enhancing total return potential. This strategy allows for consistent monthly payouts at a specified rate per share, maximizing the potential for long-term capital gains. The decision related to this policy, including any changes, can be made at the Board of Directors' discretion.

This means adjustments could happen impacting the shares' market price, which concerned investors should keep in mind. The uniformity in distribution helps in providing a level of predictability to investors while accommodating long-term investment strategies.

Breakdown of Distribution Sources

According to the fund's recent communication, monthly distributions consist of various sources including:

• - Long-term capital gains
• - Short-term capital gains
• - Net investment income
• - Return of capital

December 2025 Distribution Estimates

The distribution estimates for December 2025 per share are as follows:

• - Net Investment Income: $0.0581 (72.63% of current distribution)
• - Net Realized Short-Term Capital Gains: $0.0000 (0.00% of current distribution)
• - Net Realized Long-Term Capital Gains: $0.0000 (0.00% of current distribution)
• - Return of Capital: $0.0219 (27.37% of current distribution)

The total current distribution amounts to $0.0800 per share, with cumulative distributions for the fiscal year reaching a total of $0.9600 per share.

When payments exceed the Fund's net investment income or capital gains, those returns are classified as return of capital. Notably, returns of capital are not considered taxable income, instead serving to decrease a shareholder's tax basis in their shares.

Understanding Financial Performance

The announcement also shared insights about the fund's financial performance as of November 30, 2025. The Year-to-Date Cumulative Total Return stands at 6.27%. The Cumulative Distribution Rate is reported at 8.38%, providing investors a comparative look at ongoing performance against distributions.

It is essential to emphasize that while the Net Asset Value (NAV) reflects the fund's holdings, the market price is determined by external supply and demand, which can vary significantly.

Tax Considerations

As the year concludes, shareholders will receive Form 1099-DIV, detailing how to report these distributions for federal income tax purposes. This document will provide final tax characterizations once all fiscal evaluations are completed.

Conclusion

For investors in Cohen & Steers Total Return Realty Fund, keeping abreast of distribution updates and the fund's operational strategies is vital for effective portfolio management. Investors are encouraged to consider their objectives and consult relevant financial reports and documentation to make informed investment decisions. Founded in 1986, Cohen & Steers remains a major global player in the investment management field, focusing on real assets and alternative income strategies, backed by a commitment to deliver shareholder value effectively.