#United States #New York #RFI #Cohen Steers #Total Return Realty

Overview of the January 2025 Distribution for Cohen & Steers Total Return Realty Fund

Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) recently communicated with its shareholders regarding the upcoming distribution scheduled for January 31, 2025. This notification outlines the sources of distribution for the current month and provides cumulative data on distributions throughout the fiscal year to date.

Managed Distribution Policy

Since December 2011, the fund has employed a managed distribution policy based on exemptive relief from the SEC. This policy is designed to provide a consistent monthly distribution while maximizing the fund's long-term return potential. Distributions are declared at a fixed rate, granting shareholders a steady income stream while enabling the fund to capitalize on long-term capital gains throughout the year. It's important to note that management has the discretion to amend or suspend this policy, which might affect the market value of its shares.

Composition of Monthly Distributions

The monthly distributions from the fund may consist of several components, including long-term capital gains, short-term capital gains, net investment income, and return of capital. Notably, the term 'return of capital' refers to distributions that exceed the fund's net investment income and realized capital gains, thereby diminishing a shareholder's tax basis in their shares. These distributions are not taxable as income, but can be accounted as a return of capital for tax purposes.

Each month, the fund commits to notifying shareholders via mail and posting details on its website, cohenandsteers.com. However, the specifics of tax characteristics will remain uncertain until after year-end, when final amounts will be reported on Form 1099-DIV.

The table below summarizes the estimated amounts for the current month’s distribution:


This data offers shareholders an insight into the current distribution and its sources but should not be used as an indicator of investment performance.

Year-to-Date Performance Summary

The year-to-date cumulative total return for the fund for the fiscal year 2024 is 5.44%. Meanwhile, the cumulative distribution rate is 0.69%. For the five-year period concluding on December 31, 2024, the average annual total return was noted at 4.43%, with a current annualized distribution rate standing at 8.25%.

Investor Considerations

Before making investment decisions, shareholders and potential investors should carefully consider the risks, expenses, and investment objectives of the fund. Detailed periodic reports and regulatory filings can be accessed through financial advisors or directly from cohenandsteers.com, as these documents contain essential information pertinent to the fund’s operations and financials.

In summary, Cohen & Steers Total Return Realty Fund, Inc. maintains its focus on delivering consistent distributions while navigating the complexities of managed investment strategies. Shareholders are encouraged to stay informed through the fund’s website and official communications.

For further information, investors are reminded to keep an eye on their Form 1099-DIV, which will provide the necessary guidance for reporting distributions come tax season.