Managed Distribution

Cohen & Steers REIT and Preferred and Income Fund (RNP) detailed its January distribution sources, predominantly a return of capital. The fund utilizes a managed distribution policy to offer consistent monthly payouts, allowing for flexibility in realizing capital gains. While distributions may include net investment income and capital gains, a portion can be a return of capital, reducing the shareholder’s cost basis. Investors are advised that distribution amounts do not solely indicate performance and that final tax characterization is determined annually.

Cohen & Steers Infrastructure Fund (UTF) announced its November 28 distribution, a $0.15 per‑share payment composed entirely of return of capital, bringing the year‑to‑date (YTD) total distribution to $1.70 per share. The fund’s managed distribution policy, in place since 2015, allows monthly fixed payouts drawn from net investment income, capital gains and return of capital. YTD performance shows a 13.48% total return and a 6.70% distribution rate; over the past five years, the fund delivered a 10.46% annualized return and a 7.31% annualized distribution rate. Investors are cautioned that part of the payout reflects capital return and should review the prospectus and tax implications.