Cohen & Steers REIT and Preferred and Income Fund announced the sources of its June 30, 2026 distribution, which includes net investment income, short- and long-term capital gains, and a minimal return of capital. The fund follows a managed distribution policy to provide regular monthly payouts while allowing flexibility to realize gains throughout the year. Year-to-date through May 31, 2026, the fund reported a cumulative total return of 9.72% and an average annual total return of 4.96% over five years, with a current annualized distribution rate of 7.45%. Investors are reminded that distributions may include return of capital, which is not taxable but reduces the tax basis of shares, and final tax details will be provided after year-end.
The U.S. Supreme Court ruled in Chatrie v. U.S. that government collection of location data via geofence warrants constitutes a search under the Fourth Amendment. This decision overturns a lower court ruling and requires further review of whether the...
DBV Technologies is preparing to submit a Biologics License Application (BLA) for its VIASKIN® Peanut patch aimed at children aged 4 to 7 years. The company has engaged in detailed discussions with the FDA to ensure a thorough and efficient review pr...
Bron, a self-custody crypto wallet provider, has partnered with Noah, a global stablecoin payments infrastructure company, to enable seamless on- and off-ramp access for stablecoins. This integration allows Bron users to easily fund and withdraw from...
Strategy Inc. introduced a new liquidity plan called the Digital Credit Capital Framework, including up to $1.25 billion in Bitcoin sales, $2 billion in stock buybacks, and a 12% dividend on preferred shares. This move aims to stabilize the company's...
OceanFirst Financial Corp. completed the sale of $1.3 billion in multifamily loans primarily in the New York City area, most of which are subject to rent regulations. This sale helps OceanFirst rebalance its commercial real estate portfolio and reduc...
