NEW
YORK, March 30, 2022 /PRNewswire/ -- The Board
of Trustees of the Cohen & Steers Real Estate Opportunities and
Income Fund (RLTY) announced the Fund's first monthly distribution
of $0.104 per common share in
April 2022, as well as monthly
distributions for May and June 2022.
The distribution reflects an annualized distribution rate of 6.24%
based on the $20.00 per share initial
public offering (IPO) price.
The Fund began trading on the New York Stock Exchange on
February 24, 2022, under the ticker
RLTY.
Distributions will be made on the following schedule:
|
Month
|
Ex-Date
|
Record
Date
|
Payable
Date
|
|
April
|
April 12,
2022
|
April 13,
2022
|
April 29,
2022
|
|
May
|
May 10, 2022
|
May 11, 2022
|
May 31, 2022
|
|
June
|
June 14,
2022
|
June 15,
2022
|
June 30,
2022
|
The amount and composition of the Fund's distributions will be
disclosed monthly at cohenandsteers.com; however, this information
may change after each calendar year-end once the final tax
characteristics of all Fund distributions can be determined with
certainty. Final tax characteristics of the Fund's distributions
will be provided on Form 1099-DIV, which is mailed after the close
of each calendar year. The Fund expects to pay monthly cash
distributions at a level rate, which may be adjusted from time to
time based on its projected performance. At times, to maintain a
stable distribution level, the Fund may pay out more than its net
investment income.
Distributions of the Fund's investment in real estate investment
trusts (REITs) may later be characterized as capital gains and/or a
return of capital, depending on the character of the dividends
reported by the REITs held by the Fund.
The amount of monthly distributions may vary over time depending
on a number of factors, including changes in portfolio and market
conditions. The Fund's distributions reflect net investment income,
and may also include net realized capital gains and/or return of
capital. Return of capital includes distributions paid by a fund in
excess of its net investment income, and such excess is distributed
from the fund's assets.
Shareholders should not use the information provided in
preparing their tax returns. Shareholders will receive a Form
1099-DIV for the calendar year indicating how to report Fund
distributions for federal income tax purposes.
Investors should consider the investment objectives, risks,
charges and expense of the Fund carefully before investing. You can
obtain the fund's most recent periodic reports, when available, and
other regulatory filings by contacting your financial advisor or
visiting cohenandsteers.com. These reports and other filings can be
found on the Securities and Exchange Commission's EDGAR Database.
You should read these reports and other filings carefully before
investing.
Website: https://www.cohenandsteers.com/
Symbol: (NYSE: CNS)
About Cohen & Steers. Cohen & Steers is a leading
global investment manager specializing in real assets and
alternative income, including real estate, preferred securities,
infrastructure, resource equities, commodities, as well as
multi-strategy solutions. Founded in 1986, the firm is
headquartered in New York City,
with offices in London,
Dublin, Hong Kong, and Tokyo.
Forward-Looking Statements
This press
release and other statements that Cohen & Steers may make may
contain forward looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, which reflect the company's current views
with respect to, among other things, its operations and financial
performance. You can identify these forward-looking statements by
the use of words such as "outlook," "believes," "expects,"
"potential," "continues," "may," "will," "should," "seeks,"
"approximately," "predicts," "intends," "plans," "estimates,"
"anticipates," or the negative versions of these words or other
comparable words. Such forward-looking statements are subject to
various risks and uncertainties.
Accordingly, there are or will be important factors that
could cause actual outcomes or results to differ materially from
those indicated in these statements. The company undertakes no
obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
View original
content:https://www.prnewswire.com/news-releases/cohen--steers-real-estate-opportunities-and-income-fund-rlty-declares-monthly-distributions-for-april-may-and-june-2022-301514346.html
SOURCE Cohen & Steers