Cohen & Steers Closed-End Funds Declare Distributions for July, August and September 2017

Cohen & Steers Closed-End Funds Declare Distributions for July, August and September 2017

PR Newswire

NEW YORK, June 28, 2017 /PRNewswire/ — The Boards of Directors of Cohen & Steers Closed-End Funds announced today the monthly distributions for July, August and September, as summarized in the charts below:


Ticker


Fund Name


Monthly
Dividend

FOF

Cohen & Steers Closed-End Opportunity Fund, Inc.

$0.087

INB

Cohen & Steers Global Income Builder, Inc.

$0.069

MIE

Cohen & Steers MLP Income and Energy Opportunity Fund, Inc.

$0.077

RNP

Cohen & Steers REIT and Preferred Income Fund, Inc.

$0.124

LDP

Cohen & Steers Limited Duration Preferred and Income Fund, Inc.

$0.156

PSF

Cohen & Steers Select Preferred and Income Fund, Inc.

$0.172

RFI

Cohen & Steers Total Return Realty Fund, Inc.

$0.080

RQI

Cohen & Steers Quality Income Realty Fund, Inc.

$0.080

UTF

Cohen & Steers Infrastructure Fund, Inc.

$0.134

 

Distributions will be made on the following schedule:


Month


Ex-Date


Record Date


Payable Date

July

July 18, 2017

July 20, 2017

July 31, 2017

August

Aug. 15, 2017

Aug. 17, 2017

Aug. 31, 2017

September

Sept. 19, 2017

Sept. 21, 2017

Sept. 29, 2017

 

Cohen & Steers Closed-End Opportunity Fund, Inc., Cohen & Steers Global Income Builder, Inc., Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. and Cohen & Steers REIT and Preferred Income Fund, Inc. pay regular monthly cash distributions to common shareholders at a level rate that may be adjusted from time to time. 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. 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. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

Distributions of a fund’s investment in real estate investment trusts (REITs), master limited partnerships (MLPs) and/or closed-end funds (CEFs) 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 the REITs, MLPs and CEFs held by a fund.

Cohen & Steers Limited Duration Preferred and Income Fund, Inc., Cohen & Steers Select Preferred and Income Fund, Inc., Cohen & Steers Total Return Realty Fund, Inc., Cohen & Steers Quality Income Realty Fund, Inc. and Cohen & Steers Infrastructure Fund, Inc. only:

Cohen & Steers Limited Duration Preferred and Income Fund, Inc., Cohen & Steers Select Preferred and Income Fund, Inc., Cohen & Steers Total Return Realty Fund, Inc., Cohen & Steers Quality Income Realty Fund, Inc. and Cohen & Steers Infrastructure Fund, Inc. declared their monthly distributions pursuant to the Fund’s managed distribution plans (each a “Fund” and collectively the “Funds”). The Funds implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The policy gives each Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. Information can also be found on the Funds’ website at cohenandsteers.com. The Board of Directors of each Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of each Fund’s shares.

Each Fund’s distributions may include net investment income, long-term capital gains, short-term capital gains and/or return of capital. Under the plan, prior to the payment date of the distribution every month, each Fund will issue a press release and a notice containing information about the amount and sources of the distribution and other related information to shareholders of record on the record date. Please note that the notice is not provided for tax reporting purposes but for informational purposes only. Information can also be found on the Funds’ website at cohenandsteers.com.

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.

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.

Website: cohenandsteers.com
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-closed-end-funds-declare-distributions-for-july-august-and-september-2017-300481577.html

SOURCE Cohen & Steers

Territorial Bancorp Inc. Declares Special Dividend

HONOLULU, June 28, 2017 (GLOBE NEWSWIRE) — Territorial Bancorp Inc. (NASDAQ:TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has declared a special mid-year cash dividend of $0.10 per share payable on July 26, 2017 to shareholders of record as of July 12, 2017.  

Allan Kitagawa, Chairman and Chief Executive Officer, said, “Our strong capital position gives us the opportunity to pay a special mid-year cash dividend.  Including this special dividend, we are pleased that we will have paid out $0.50 in dividends for the first half of 2017.  We look forward to continuing a mutually beneficial relationship with our shareholders.”

Forward-looking statements – this press release contains forward-looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “plan,” “seek,” “expect,” “will,” “may” and words of similar meaning. These forward-looking statements include, but are not limited to:

  • statements of our goals, intentions and expectations;
  • statements regarding our business plans, prospects, growth and operating strategies;
  • statements regarding the asset quality of our loan and investment portfolios; and
  • estimates of our risks and future costs and benefits.

These forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this release.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:

  • general economic conditions, either nationally or in our market areas, that are worse than expected;
  • competition among depository and other financial institutions;
  • inflation and changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments;
  • adverse changes in the securities markets;
  • changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees and capital requirements;
  • our ability to enter new markets successfully and capitalize on growth opportunities;
  • our ability to successfully integrate acquired entities, if any;
  • changes in consumer spending, borrowing and savings habits;
  • changes in accounting policies and practices, as may be adopted by the bank regulatory agencies, the Financial Accounting Standards Board, the Securities and Exchange Commission and the Public Company Accounting Oversight Board;
  • changes in our organization, compensation and benefit plans;
  • changes in our financial condition or results of operations that reduce capital available to pay dividends; and
  • changes in the financial condition or future prospects of issuers of securities that we own.

Because of these and a wide variety of other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements.

Contact:      
Walter Ida 
(808) 946-1400

Primary Logo

SunTrust to Increase Quarterly Common Stock Dividend and Share Repurchase Program

SunTrust to Increase Quarterly Common Stock Dividend and Share Repurchase Program

PR Newswire

ATLANTA, June 28, 2017 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI and the “Company”) announced today that the Federal Reserve Board has completed its review of the Company’s Capital Plan submitted in connection with the 2017 Comprehensive Capital Analysis and Review (CCAR) and has no objections to the Company’s planned capital actions. The capital actions, subject to the approval of SunTrust’s Board of Directors and anticipated to cover four quarters, include:

  • A 54% increase in the quarterly common stock dividend from $0.26 per share to $0.40 per share, beginning in the third quarter of 2017;
  • Authorization to repurchase $1.32 billion of outstanding common stock between July 1, 2017 and June 30, 2018 (a 38% increase in the average quarterly repurchase amount compared to the previous authorization);
  • Maintaining dividend payments on the Company’s preferred stock.

“Consistent execution of our core client strategies, combined with our strong capital position, has enabled us to increase the return of capital to our owners for the sixth consecutive year,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “We continue to benefit from the momentum we’ve generated and remain focused on serving our clients and communities, which in turn, will generate long-term value for our shareholders.”

About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. Headquartered in Atlanta, SunTrust operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of March 31, 2017, SunTrust had total assets of $206 billion and total deposits of $163 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/suntrust-to-increase-quarterly-common-stock-dividend-and-share-repurchase-program-300481497.html

SOURCE SunTrust Banks, Inc.