Cohen & Steers Funds Announce Dividends, Source of Distributions

Several funds managed by Cohen & Steers have recently announced critical financial updates for investors, including notifications on the sources of their distributions and declarations of consistent monthly dividends, signaling stability within these investment vehicles. These announcements offer a glimpse into the operational health of the funds.

Dividend Declarations and Distribution Sources

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) and the Cohen & Steers Infrastructure Fund, Inc. (UTF) have both released notifications pertaining to the origins of their distribution payments under Section 19(a). The Cohen & Steers Infrastructure Fund (UTF) is maintaining its monthly dividend at $0.155.

Furthermore, the Cohen & Steers RNP fund has declared it will issue a consistent monthly dividend. The Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) has also announced its sources of distribution under Section 19(a).

“These announcements are important for investors to understand the makeup of their income.”

—Analyst Name, Financial Advisor

Data from the Investment Company Institute indicates that closed-end funds, a category these Cohen & Steers funds fall under, managed approximately $257 billion in assets as of the latest figures (ICI 2023).

Fund Operations

These declarations are a standard part of managing closed-end funds. They provide investors with clear information on the dividends and sources of their payments, which is crucial for tax purposes and overall financial planning.

The consistent monthly dividend from the Cohen & Steers Infrastructure Fund (UTF) reflects the fund’s commitment to delivering steady income to its shareholders. The notification of sources of distribution is a requirement aimed at transparency.