Cohen & Steers Announces 2010 Year-End Distribution Information for Open-End Funds
NEW YORK, Dec. 6, 2010 /PRNewswire-FirstCall/ -- Cohen & Steers announced today that its U.S. registered open-end funds will make year-end ordinary income distributions on December 16, 2010 to shareholders of record as of December 15, 2010, with an ex-dividend date of December 16, 2010.
As announced on November 1, 2010, none of the Cohen & Steers' U.S.-registered open-end funds anticipate making capital gain distributions in 2010.
The projections below represent estimates and are subject to change based on portfolio, market and shareholder activity, and tax adjustments. Actual ordinary income distributions will appear on shareholders' 1099-DIV forms, which will be mailed in early 2011. It is anticipated that a substantial portion of these distributions will be characterized as ordinary income for tax reporting purposes.
Fund Name |
Projected Ordinary Income |
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Distribution |
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Cohen & Steers Realty Shares, Inc. |
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– (Nasdaq: CSRSX) |
$0.30–$0.40 per share |
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Cohen & Steers Realty Income Fund, Inc. |
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– Class A (Nasdaq: CSEIX) |
$0.03–$0.08 per share |
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– Class B (Nasdaq: CSBIX) |
$0.02–$0.07 per share |
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– Class C (Nasdaq: CSCIX) |
$0.02–$0.07 per share |
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– Class I (Nasdaq: CSDIX) |
$0.04–$0.09 per share |
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Cohen & Steers Institutional Realty Shares, Inc. |
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– (Nasdaq: CSRIX) |
$0.20–$0.30 per share |
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Cohen & Steers Dividend Value Fund, Inc. |
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– Class A (Nasdaq: DVFAX) |
$0.02–$0.06 per share |
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– Class C (Nasdaq: DVFCX) |
$0.01–$0.05 per share |
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– Class I (Nasdaq: DVFIX) |
$0.03–$0.07 per share |
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Cohen & Steers Institutional Global Realty Shares, Inc. |
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– (Nasdaq: GRSIX) |
$0.69-$0.84 per share |
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Cohen & Steers Global Infrastructure Fund, Inc. |
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– Class A (Nasdaq: CSUAX) |
$0.14–$0.21 per share |
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– Class B (Nasdaq: CSUBX) |
$0.10–$0.17 per share |
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– Class C (Nasdaq: CSUCX) |
$0.10–$0.17 per share |
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– Class I (Nasdaq: CSUIX) |
$0.16–$0.23 per share |
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Cohen & Steers Global Realty Shares, Inc. |
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– Class A (Nasdaq: CSFAX) |
$0.74–$1.64 per share |
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– Class B (Nasdaq: CSFBX) |
$0.61–$1.51 per share |
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– Class C (Nasdaq: CSFCX) |
$0.61–$1.51 per share |
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– Class I (Nasdaq: CSSPX) |
$0.81–$1.71 per share |
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Cohen & Steers International Realty Fund, Inc. |
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– Class A (Nasdaq: IRFAX) |
$0.51–$0.66 per share |
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– Class C (Nasdaq: IRFCX) |
$0.48–$0.63 per share |
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– Class I (Nasdaq: IRFIX) |
$0.54–$0.69 per share |
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Cohen & Steers Asia Pacific Realty Shares, Inc. |
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– Class A (Nasdaq: APFAX) |
$0.51–$0.66 per share |
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– Class C (Nasdaq: APFCX) |
$0.48–$0.63 per share |
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– Class I (Nasdaq: APFIX) |
$0.53–$0.68 per share |
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Cohen & Steers Preferred Securities and Income Fund, Inc. |
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– Class A (Nasdaq: CPXAX) |
$0.065–$0.070 per share |
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– Class C (Nasdaq: CPXCX) |
$0.060–$0.065 per share |
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– Class I (Nasdaq: CPXIX) |
$0.068–$0.073 per share |
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Shareholders should also remember that the net asset value of a fund with an ordinary income distribution will decline on the ex-dividend date to reflect the adjusted net asset value of the fund after the distribution. This is in addition to any effect the market's performance had on the securities within the fund's portfolio on that day.
For updates on this and other fund information, please visit the Cohen & Steers Web site at cohenandsteers.com. Shareholders will receive notification in a Form 1099-DIV of the exact composition of all distributions for the year, and the related tax treatment.
About Cohen & Steers
Cohen & Steers is a manager of portfolios 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 multimanager 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.
Cohen & Steers Capital Management, Inc. is a wholly owned subsidiary of Cohen & Steers, Inc., a publicly traded company whose common stock is listed on the New York Stock Exchange under the symbol "CNS."
SOURCE Cohen & Steers
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