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

Introduction

Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) has recently issued a notification to its shareholders regarding the upcoming distributions scheduled for July 31, 2025. This announcement comes as part of their ongoing commitment to transparency, allowing investors to understand better where their returns originate within the managed distribution framework.

Managed Distribution Policy

Since its inception in December 2011, the Fund has adopted this managed distribution policy, designed to maximize shareholders' long-term total return potential. The policy permits fixed-rate monthly distributions, ensuring shareholders receive consistent income throughout the year. It grants the fund flexibility to realize long-term capital gains and distribute these profits accordingly. Still, it also cautions that any amendments to this policy could impact the market value of the Fund's shares.

The distributions paid to shareholders can include various components: long-term capital gains, short-term capital gains, net investment income, and a return of capital. Importantly, returns of capital represent payments exceeding the fund's net investment income and gains, providing an opportunity to retain flexible financial management. This portion is non-taxable, acting to reduce the shareholder's tax basis in relation to their shares, offering an advantageous position from a taxation perspective.

Recent Distribution Breakdown

For the upcoming distribution in July 2025, the estimates reveal a diversified approach:

• - Net Investment Income: $0.0013 per share, accounting for 1.63% of the current distribution.
• - Net Realized Short-Term Capital Gains: No contributions for this period.
• - Long-Term Capital Gains: A notable $0.0787 per share, making up the majority (98.37%) of this month's total distribution.
• - Return of Capital: No returns declared currently, equating to 0% of the distribution.

Overall, the total current distribution amounts to $0.0800 per common share. Year-to-date, this translates to a cumulative distribution of $0.5600 per share for 2025, illustrating the Fund's robust performance despite variable market conditions.

Performance Metrics

Investors can track the performance and health of the Fund through various metrics. For instance:

• - Year-to-date Cumulative Total Return from January 1 to June 30, 2025, stands at 3.99%. This is a crucial indicator as it reflects the NAV change during the period, including the reinvestment of distributed returns.
• - Cumulative Distribution Rate is measured at 4.82%, assessing the dollar value of distributions against NAV.
• - Over a five-year period, an Average Annual Total Return of 7.60% has been achieved, while the Current Annualized Distribution Rate sits at 8.27% – both figures emphasizing the Fund's strategic investment prowess and operational excellence.

Understanding Your Returns

It's essential for shareholders to comprehend that while the Fund provides regular distribution estimates, these figures are subject to revisions based on the Fund's investments and applicable tax regulations. Once the fiscal year concludes, shareholders will receive Form 1099-DIV, detailing how to report these distributions on their tax forms accurately.

Conclusion

Cohen & Steers strives to maintain its position as a leading investment manager in real estate and alternative income. Their robust managed distribution policy, coupled with transparent communication regarding distribution sources and performance, affirms their commitment to investors. Shareholders are encouraged to consider their investment strategies carefully, assess their integrated reports, and maintain awareness of the market's fluid nature as it pertains to their investments.

For ongoing updates and more detailed information, shareholders are invited to visit Cohen & Steers' official website. Maintaining an informed stance is essential for navigating today's dynamic financial landscape.