Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) Notification of Sources of Distribution Under Section 19(a)

Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) Notification of Sources of Distribution Under Section 19(a)

PR Newswire

NEW YORK, June 23, 2017 /PRNewswire/ — This press release provides shareholders of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE: PSF) (the “Fund”) with information regarding the sources of the distribution to be paid on June 30, 2017 and cumulative distributions paid fiscal year-to-date.

In December 2016, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund’s long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund’s shares.

The Fund’s monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund’s assets. A return of capital is not taxable; rather, it reduces a shareholder’s tax basis in his or her shares of the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund’s distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund’s distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.


DISTRIBUTION ESTIMATES


June 2017


YEAR-TO-DATE (YTD)


June 30, 2017*


Source


Per Share
Amount


% of Current
Distribution


Per Share
Amount


% of 2017
Distributions

Net Investment Income

$0.1675

97.38%

$0.8500

82.36%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0045

2.62%

$0.1820

17.64%

Return of Capital (or other Capital Source)

$0.0000

0.00%

$0.0000

0.00%


Total Current Distribution


$0.1720


100.00%


$1.0320


100.00%

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

*
THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES

The Fund’s Year-to-date Cumulative Total Return for fiscal year 2017 (January 1, 2017 through May 31, 2017) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund’s Cumulative Distribution Rate for 2017. In addition, the Fund’s Average Annual Total Return for the five-year period ending May 31, 2017 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2017. The performance and distribution rate information disclosed in the table is based on the Fund’s net asset value per share (NAV). The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s individual investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.


Fund Performance and Distribution Rate Information:


Year-to-date January 1, 2017 to May 31, 2017

Year-to-date Cumulative Total Return1

9.65%

Cumulative Distribution Rate2

3.74%


Five-year period ending May 31, 2017

Average Annual Total Return3

12.37%

Current Annualized Distribution Rate4

7.49%

 

1.

Year-to-date Cumulative Total Return is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.

2.

Cumulative Distribution Rate for the Fund’s current fiscal period (January 1, 2017 through May 31, 2017) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of May 31, 2017.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending May 31, 2017. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.

4.

The Current Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of May 31, 2017.

Investors should consider the investment objectives, risks, charges and expense of the fund carefully before investing. You can obtain the fund’s most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission’s EDGAR Database. You should read these reports and other filings carefully before investing.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.

Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cohen–steers-select-preferred-and-income-fund-inc-psf-notification-of-sources-of-distribution-under-section-19a-300479135.html

SOURCE Cohen & Steers

CBOE Holdings Plans Listing of Altice USA (ATUS) Options

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CBOE Holdings Plans Listing of Altice USA (ATUS) Options

– Expected to Start Trading on Friday, June 30

– Listing on CBOE, C2, BZX and EDGX Exchanges Planned

PR Newswire

CHICAGO, June 23, 2017 /PRNewswire/ – CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) today announced it plans to list options on Altice USA, Inc. (ATUS), a U.S. cable provider. 

CBOE Holdings, Inc. logo. (PRNewsFoto/CBOE Holdings, Inc.)

CBOE Holdings anticipates trading in options on Altice USA will begin on Friday, June 30, once the underlying stock has been certified as meeting all of CBOE Holdings’ applicable exchanges’ listing criteria.

The company plans to list Altice USA options on its four options exchanges — Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), Bats’ BZX Options and Bats’ EDGX Options. 

Underlying shares of Class A common stock of Altice USA began trading on the New York Stock Exchange (NYSE) June 22 after an initial public offering on Wednesday, June 21, in which they were priced at $30 a share.

The Designated Primary Market Maker (DPM) for options on Altice USA at CBOE is expected to be Citadel Securities LLC, and the Primary Market Maker (PMM) for EDGX is expected to be Morgan Stanley & Co. LLC.

About CBOE Holdings, Inc.

CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE), owner of the Chicago Board Options Exchange, the Bats exchanges, CBOE Futures Exchange (CFE) and other subsidiaries, is one of the world’s largest exchange holding companies and a leader in providing global investors cutting-edge trading and investment solutions. 

The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded funds (ETFs), and multi-asset volatility and global foreign exchange (FX) products.  CBOE Holdings’ 14 trading venues include the largest options exchange in the U.S. and the largest stock exchange in Europe, and the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETF trading.  

CBOE Holdings is home to the CBOE Volatility Index (VIX Index), the world’s barometer for equity market volatility; the CBOE Options Institute, the company’s world-renowned education arm; CBOE Livevol, a leading provider of options technology, trading analytics and market data services; CBOE Vest, an asset management company specializing in target-outcome investment strategies; CBOE Risk Management Conferences (RMC), the premier financial industry forums on derivatives and volatility products; ETF.com, a leading provider of ETF news, data and analysis; and Hotspot, a leading platform for global FX trading. 

The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore and Ecuador.  For more information, visit www.cboe.com.


Media Contacts


Analyst Contact


Suzanne Cosgrove


Hannah Randall


Stacie Fleming


Debbie Koopman

+1-312-786-7123

+1-646-856-8809

+44-20-7012-8950

+1-312-786-7136


cosgrove@cboe.com


hrandall@cboe.com


sfleming@cboe.com


koopman@cboe.com

CBOE-C
CBOE-OE

CBOE®, Chicago Board Options Exchange®, CFE®, BATS®, BZX®, Livevol®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures ExchangeSM, CBOE VestSM and CBOE Options InstituteSM are service marks of CBOE Holdings, Inc. and its subsidiaries. S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by CBOE. All other trademarks and service marks are the property of their respective owners.  

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cboe-holdings-plans-listing-of-altice-usa-atus-options-300479131.html

SOURCE CBOE Holdings, Inc.

AllianceBernstein National Municipal Income Fund, Inc. Reports Second Quarter Earnings

AllianceBernstein National Municipal Income Fund, Inc. Reports Second Quarter Earnings

PR Newswire

NEW YORK, June 23, 2017 /PRNewswire/ – AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed‑end investment company, today announced earnings for the Fund’s second fiscal quarter ended April 30, 2017.

Total net assets of the Fund* on April 30, 2017 were $515,024,099 as compared with $508,671,475 on January 31, 2017 and $539,555,042 on April 30, 2016.  On April 30, 2017, the net asset value per share of common stock was $14.71 based on 28,744,936 shares of common stock outstanding.


April 30, 2017

January 31, 2017

April 30, 2016

Total Net Assets


$515,024,099

$508,671,475

$539,555,042

NAV Per Share


$14.71

$14.49

$15.57

Shares Outstanding


28,744,936

28,744,936

28,744,936

 

For the period February 1, 2017 through April 30, 2017, total net investment income was $4,702,657 or $0.16 per share of common stock.  The total net realized and unrealized gain was 6,501,161 or $0.23 per share of common stock for the same period.


Second Quarter


Ended



April 30, 2017

First Quarter

Ended

January 31, 2017

Second Quarter

Ended

April 30, 2016

Total Net Investment
     Income


$4,702,657

$4,850,691

$5,208,382

Per Share


$0.16

$0.17

$0.18

Total Net Realized/
 
     Unrealized Gain (Loss)


6,501,161

(24,819,874)

$4,653,001

Per Share


$0.23

($0.86)

$0.16

 

* Total net assets include assets attributable to both common and preferred shares.

AllianceBernstein National Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-reports-second-quarter-earnings-300479118.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.