New York – October 29, 2026 -- Cohen & Steers Total Return Realty Fund (NYSE: RFI) estimates it has distributed more than its income and capital gains, meaning part of its distribution payable on October 30, 2026 may be a return of capital.
Fund discloses payout sources under Section 19(a) notice
The notice breaks down the current distribution and the cumulative fiscal year-to-date distributions by source, per common share. The Fund states the amounts are estimates, are likely to change, and are not provided for tax reporting purposes.
Distributions can include long-term capital gains, short-term capital gains, net investment income and return of capital. A return of capital is not taxable but reduces a shareholder's tax basis in Fund shares.
Managed distribution policy since 2011 remains subject to board change
The Fund adopted its managed distribution policy in December 2011 under exemptive relief from the Securities and Exchange Commission. The policy pays monthly distributions at a fixed rate per common share and gives the Fund more flexibility to realize long-term capital gains during the year.
The Board of Directors may amend, terminate or suspend the policy at any time. The Fund warns such a move could hurt the market price of its shares.
REIT holdings can shift tax character after year-end
Distributions from the Fund's real estate investment trust holdings may later be recharacterized as capital gains or return of capital, depending on what the REITs report after year-end. Final tax characteristics will be provided on Form 1099-DIV after the calendar year closes.
Performance data covers January 1 to September 30, 2026
The Fund reports year-to-date cumulative total return for January 1 through September 30, 2026, and average annual total return for the five years ending September 30, 2026. Both are based on net asset value (NAV) per share and are set against the Fund's cumulative and current annualized distribution rates for 2026. The figures were not included in the text provided.
The Fund cautions that NAV performance does not measure the value of an individual shareholder's investment. That value depends on the market price, which reflects supply and demand for the shares.