Cohen & Steers Closed-End Funds Declare December 2010 Quarterly Distributions
NEW YORK, Dec. 15, 2010 /PRNewswire-FirstCall/ -- The boards of directors of each of the following Cohen & Steers closed-end funds have declared fourth-quarter regular and year-end capital gain distributions payable on December 31, 2010 to shareholders of record on December 27, 2010. The ex-dividend date is December 22, 2010.
Fund |
NYSE Symbol |
Quarterly Distribution Per Share |
Short-Term Capital Gain Per Share |
Long-Term Capital Gain Per Share |
|
Cohen & Steers Closed-End Opportunity Fund, Inc. |
FOF |
$0.2600 |
– |
– |
|
Cohen & Steers Dividend Majors Fund, Inc. |
DVM |
$0.2300 |
– |
– |
|
Cohen & Steers Global Income Builder, Inc. |
INB |
$0.2800 |
– |
– |
|
Cohen & Steers Infrastructure Fund, Inc. |
UTF |
$0.3600 |
– |
– |
|
Cohen & Steers Quality Income Realty Fund, Inc. |
RQI |
$0.1800 |
– |
– |
|
Cohen & Steers REIT and Preferred Income Fund, Inc. |
RNP |
$0.3000 |
– |
– |
|
Cohen & Steers Total Return Realty Fund, Inc. |
RFI |
$0.2200 |
$0.3200 |
$0.4300 |
|
The initial distribution declaration for Cohen & Steers Select Preferred and Income Fund, Inc. will be announced later in December.
The funds pay regular quarterly cash distributions to common shareholders at a level rate that may be adjusted from time to time, based on the projected income of the fund. The amount of quarterly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. Each 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. Under federal tax regulations, some or all of the return of capital distributed by a fund may be taxed as ordinary income.
In addition, distributions for funds investing 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 to each fund after year-end by REITs held by a fund.
The amount and estimated composition of each fund's distribution is disclosed quarterly at cohenandsteers.com; however, this information may change at the end of the year because the final tax characteristics of all fund distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.
In addition, the boards of directors approved the continuation of the delegation of its authority to management to effect repurchases, subject to market conditions and investment considerations, of up to 10% of the Fund's common shares outstanding as of January 1, 2011 through the fiscal year ending December 31, 2011.
More information is available at cohenandsteers.com.
Web site: http://cohenandsteers.com
Symbol:NYSE: CNS
About Cohen & Steers
Cohen & Steers is a manager specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multi-manager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.
SOURCE Cohen & Steers
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