#United States #New York #Cohen & Steers #Realty Fund #Distribution Sources

Overview of Cohen & Steers Total Return Realty Fund, Inc.

Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) is a notable player in the investment world, focusing on real assets and alternative income strategies. On May 27, 2026, the company released significant information regarding its distribution strategy under Section 19(a), which is essential for existing and prospective shareholders to understand their investment returns better.

Distribution Policy

Since December 2011, the Fund has operated under a managed distribution policy that corresponds with exemptive relief from the Securities and Exchange Commission. This policy aims to deliver a consistent long-term return to shareholders by facilitating regular monthly distributions at a fixed amount per share. This proactive approach allows the Fund to capture long-term capital gains throughout the year, providing them as monthly distributions to shareholders.

The Board of Directors holds the authority to modify, suspend, or discontinue this managed distribution policy, which could negatively impact the market price of the Fund's shares if enacted. As shareholders, it is vital to monitor any updates or changes to this policy, as they can directly affect investment stability and growth potential.

Monthly Distribution Composition

The distributions declared by the Fund may be categorized into various sources, which include:

• - Long-term Capital Gains
• - Short-term Capital Gains
• - Net Investment Income
• - Return of Capital

During federal income tax considerations, it’s crucial to understand that the return of capital refers to distributions exceeding the Fund's net investment income and net realized capital gains, effectively returning a portion of the capital that shareholders previously invested in the Fund. Thus, while these returns are not categorized as taxable income, they do lower the basis of the shareholders' investments in the Fund.

For the month of May 2026, the estimated distribution amounts are as follows:

• - Net Investment Income: $0.0282 per share (35.25% of Current Distribution)
• - Return of Capital: $0.0518 per share (64.75% of Current Distribution)
• - Total Current Distribution: $0.0800 per share

A piece of critical information to note: these distribution amounts are subject to variations based on market conditions and portfolio changes throughout the year, meaning they require ongoing attention from shareholders.

Year-to-Date Performance

For fiscal year 2026, shareholders should take note of the following financial indicators as of April 30, 2026:

• - Year-to-Date Cumulative Total Return: 11.19%
• - Cumulative Distribution Rate: 3.36%
• - Five-Year Average Annual Total Return: 4.39%

This strategic view highlights the relationship between the Fund's returns and its distribution rates, giving shareholders insight into how their investments are performing in the broader market.

The Net Asset Value (NAV) of the Fund is an essential metric, calculated as the total market value of the Fund's securities and other assets minus its liabilities, divided by the total number of outstanding shares, presenting a clear picture of the underlying value of shareholders' investments.

Tax Reporting Considerations

The Fund emphasizes the importance of not using the information provided in their release for tax return preparation. Shareholders will receive a Form 1099-DIV after the calendar year, which will assist them in accurately reporting the distributions for federal income tax purposes.

Conclusion

In conclusion, Cohen & Steers Total Return Realty Fund continues to adapt its distribution strategies, providing clarity for shareholders through regular updates about the distribution policies and fiscal performances. Keeping track of these distributions helps shareholders make informed decisions about their investments, optimizing their returns while being aware of potential changes in Fund management.

For more details, investors can visit the Fund’s official website or consult with their financial advisors regarding the implications of these changes on their investment strategies.