NEW YORK, June 14, 2011 /PRNewswire/ -- The boards of directors of Cohen & Steers closed-end funds have declared second-quarter 2011 distributions payable on June 30, 2011 to shareholders of record on June 23, 2011. The ex-dividend date is June 21, 2011.
Fund | NYSE Symbol | Quarterly Distribution 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 | |
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 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.
More information is available at cohenandsteers.com.
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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.
SOURCE Cohen & Steers
