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

Overview of Distribution Sources for Cohen & Steers Total Return Realty Fund

Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) has announced its distribution sources for shareholders for September 30, 2026. This announcement provides insightful details about the fund's distributions and the underlying structure of its financial policies.

Fund Background

Established in December 2011, the Fund operates under a managed distribution policy authorized by the Securities and Exchange Commission. The main objective of this policy is to optimize long-term total return through regular monthly distributions, allowing investors to receive a fixed amount for each common share. This approach has enabled the Fund to realize long-term capital gains while ensuring systematic payouts to shareholders. However, it's important to note that the Board of Directors retains the authority to modify or suspend this distribution policy at any point, potentially influencing the market price of the Fund's shares.

Composition of Monthly Distributions

The monthly distributions from the Fund generally consist of various sources:

• - Long-term capital gains: Profits from investments held for an extended period.
• - Short-term capital gains: Profits from investments held for less than a year.
• - Net investment income: Interest and dividend income generated from the Fund’s holdings.
• - Return of capital: Distributions exceeding the Fund's net income.

For September 2026, both the estimated current distribution and year-to-date (YTD) distributions are as follows:

• - Net Investment Income: $0.0608 per share (76% of current distribution)
• - Return of Capital: $0.0192 per share (24% of current distribution)

This mix highlights the nature of cash flow from both ongoing profitability and returns of capital, which can significantly impact tax implications for shareholders.

Managed Distribution Policy

This framework ultimately assists the Fund in maintaining flexibility, allowing for the realization of capital gains throughout the year and facilitating their distribution to shareholders. However, investors should be mindful that while a portion of the distributions might stem from returns of capital, it does not necessarily correlate to the Fund's investment performance.

Across its ongoing operations, the Fund projects that it has distributed more than its generated income, implying that shareholders must be aware that any returns of capital can affect their overall tax basis in the Fund shares. Thus, understanding this dynamic is critical for all investors tracking their financial standings and tax liabilities.

Important Reporting Information

On reaching each month’s distribution, pertinent details regarding the financials will be made accessible via cohenandsteers.com and will also be communicated directly to shareholders through various notices. This approach is essential as the final tax characteristics associated with distributions are only determinable after the calendar year concludes, at which point a Form 1099-DIV is issued to all shareholders.

Performance Insights

The Fund reports a year-to-date cumulative total return of 11.28% as of August 31, 2026, suggesting a favorable investment trajectory. The cumulative distribution rate for 2026 supports this positive performance narrative, standing at 6.17%. For the five years ending August 31, the Fund recorded an average annual total return of 2.67% and a current annualized distribution rate of 8.23%, illustrating solid consistency in delivering value to its investors.

Conclusion

Investors must carefully consider the investment objectives, risks, and expenses associated with the Fund prior to engagement. Comprehensive reports and routine filings detailing the Fund’s performance are readily available through the company's official channels, allowing shareholders to strategize effectively as market conditions evolve. The Fund’s dedication to transparency through regular disclosures aims to foster investor confidence and informed decision-making.