Cohen & Steers Total Return Realty Fund announces monthly distribution policy and announces distributions of USD0.080 per share for last three months of 2016.
M2 EQUITYBITES-September 16, 2016-Cohen & Steers Total Return Realty Fund announces monthly distribution policy and announces distributions of USD0.080 per share for last three months of 2016
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The board of directors of Cohen & Steers Total Return Realty Fund Inc (NYSE:RFI) authorised a change of the fund's dividend distribution schedule from quarterly to monthly as of October 2016 to better align the it with its peers, it reported on Thursday.
Additionally, the board approved the monthly distribution of USD0.080 per share for October, November and December 2016.
The distributions for October will be paid on the 31st to all shareholders of record date on 20 October and the ex-dividend date is 18 October 2016. The November distributions to all shareholders of record date on 18 November will be paid on 30 November and the ex-distribution date is 16 November 2016. In December, with an ex-distribution date of 9 December, all shareholders of record date on 13 December will be paid on 30 December 2016.
A diversified, closed-end management investment company, the fund's investment objectiveis to achieve a high total return through investment in real estate securities. Cohen & Steers Capital Management Inc is its investment adviser.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 16, 2016|
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