COHEN+STEERS TOT. RET. FD

NEW YORK , Aug. 28, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) (the "Fund") with information regarding the sources of the distribution to be paid on August 30, 2024 and cumulative distributions paid fiscal year-to-date. In December 2011, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. » Mehr auf prnewswire.com

U.S. equity markets rallied this week while benchmark interest rates tumbled to the lows of the year after Fed Chair Powell stated that the "time has come" to cut rates. The dovish pivot, underscored by an emphasis on "cooling labor markets," was further supported by data from the BLS showing that job growth has been far weaker than initially reported. The S&P 500 gained 1.4% this week, lifting the major benchmark to back within 0.5% of all-time record-highs. The Small-Cap 600 and Mid-Cap 400 each rallied nearly 3%. » Mehr auf seekingalpha.com

Cohen & Steers Total Return Realty is a closed-end fund that invests primarily in securities of companies in the real estate sector. It currently provides a reasonable yield of 7.75% plus, considering that it uses no leverage. Currently, shares are trading at a small premium of 1.5%. The RFI CEF has a decent long-term record of over 30 years as a real estate fund. However, it has performed poorly recently, which is in line with the performance of the sector. Going forward, there are certain tailwinds that should help the real estate sector and this fund in general. » Mehr auf seekingalpha.com