Cohen & Steers Total Return Realty Fund Releases Distribution Details for Shareholders
On April 28, 2025, Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) issued a notification outlining the sources of their upcoming distributions and cumulative distributions year-to-date for shareholders. Set to be paid on April 30, 2025, this update is crucial for investors tracking their returns and future financial planning.
The Fund has maintained a managed distribution policy since December 2011, justified under the exemptive relief provided by the Securities and Exchange Commission (SEC). This strategy's core purpose is to facilitate a stable long-term total return through regular monthly distributions, initiated at a consistent rate for each common share. Implementing this managed distribution approach provides greater flexibility to capitalize on long-term capital gains throughout the fiscal year while enabling consistent monthly payout to shareholders.
It’s important for investors to note that the Board of Directors holds the authority to modify, suspend, or terminate this policy at their discretion. While this flexibility may provide advantages in market conditions, it may also negatively impact the market price of the Fund's shares if significant changes occur.
The announced monthly distributions are a composition of various income sources, including long-term capital gains, short-term capital gains, and net investment income. Furthermore, a portion identified as a return of capital might be included in these distributions, which refers to payments exceeding the Fund's net investment earnings and net realized capital gains, drawn from the Fund's assets. Notably, returns of capital are not taxable but result in a decrease in the shareholder's tax basis for their shares.
Monthly distribution specifics vary widely, influenced by numerous factors, such as variations in the asset portfolio and changes in market dynamics. Shareholders will receive an update detailing these monthly distributions, concurrently sent out with notifications at cohenandsteers.com.
Following each calendar year, the definitive tax characteristics of the Fund's distributions will be distinctly communicated via Form 1099-DIV dispatched to shareholders. The disclosed amounts and sources provided in the current notice represent initial estimations and may subject to substantial revisions later in the year.
As of April 2025, here are the estimates for the total distribution per common share:
For the Entire Year-to-Date (April 30, 2025):
Investors are encouraged to consider their investment goals, risks, costs, and other factors concerning the Fund before committing their resources. Access to the most recent reports and financial details regarding the Fund is conveniently available through financial advisors or the official website at cohenandsteers.com. All relevant documents can also be acquired from the Securities and Exchange Commission's EDGAR Database, ensuring that potential investors are thoroughly informed before making any commitments.
In closing, the year-to-date summary reflects the Fund's performance, displaying a cumulative total return of 3.28% from January 1 through March 31, 2025, with an average annual total return of 10.34% over five years. Current distributions align closely with the Fund's NAV (Net Asset Value), reinforcing the ongoing commitment of Cohen & Steers to their shareholders. Investors should keep a vigilant eye on these developments as they unfold since they can significantly shape the investment landscape for stakeholders.
The Fund has maintained a managed distribution policy since December 2011, justified under the exemptive relief provided by the Securities and Exchange Commission (SEC). This strategy's core purpose is to facilitate a stable long-term total return through regular monthly distributions, initiated at a consistent rate for each common share. Implementing this managed distribution approach provides greater flexibility to capitalize on long-term capital gains throughout the fiscal year while enabling consistent monthly payout to shareholders.
It’s important for investors to note that the Board of Directors holds the authority to modify, suspend, or terminate this policy at their discretion. While this flexibility may provide advantages in market conditions, it may also negatively impact the market price of the Fund's shares if significant changes occur.
The announced monthly distributions are a composition of various income sources, including long-term capital gains, short-term capital gains, and net investment income. Furthermore, a portion identified as a return of capital might be included in these distributions, which refers to payments exceeding the Fund's net investment earnings and net realized capital gains, drawn from the Fund's assets. Notably, returns of capital are not taxable but result in a decrease in the shareholder's tax basis for their shares.
Monthly distribution specifics vary widely, influenced by numerous factors, such as variations in the asset portfolio and changes in market dynamics. Shareholders will receive an update detailing these monthly distributions, concurrently sent out with notifications at cohenandsteers.com.
Following each calendar year, the definitive tax characteristics of the Fund's distributions will be distinctly communicated via Form 1099-DIV dispatched to shareholders. The disclosed amounts and sources provided in the current notice represent initial estimations and may subject to substantial revisions later in the year.
As of April 2025, here are the estimates for the total distribution per common share:
- - Net Investment Income: $0.0310 (38.75% of current distribution)
- - Net Realized Short-Term Capital Gains: $0.0000 (0.00% of current distribution)
- - Net Realized Long-Term Capital Gains: $0.0490 (61.25% of current distribution)
- - Total Current Distribution: $0.0800 (100% of current distribution)
For the Entire Year-to-Date (April 30, 2025):
- - Net Investment Income: $0.1069 (33.41% of total distributions)
- - Net Realized Short-Term Capital Gains: $0.0861 (26.91% of total distributions)
- - Net Realized Long-Term Capital Gains: $0.1270 (39.68% of total distributions)
Investors are encouraged to consider their investment goals, risks, costs, and other factors concerning the Fund before committing their resources. Access to the most recent reports and financial details regarding the Fund is conveniently available through financial advisors or the official website at cohenandsteers.com. All relevant documents can also be acquired from the Securities and Exchange Commission's EDGAR Database, ensuring that potential investors are thoroughly informed before making any commitments.
In closing, the year-to-date summary reflects the Fund's performance, displaying a cumulative total return of 3.28% from January 1 through March 31, 2025, with an average annual total return of 10.34% over five years. Current distributions align closely with the Fund's NAV (Net Asset Value), reinforcing the ongoing commitment of Cohen & Steers to their shareholders. Investors should keep a vigilant eye on these developments as they unfold since they can significantly shape the investment landscape for stakeholders.
Topics Financial Services & Investing）
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