Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)

PR Newswire


NEW YORK
, July 20, 2022 /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 July 29, 2022 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. 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. In addition, distributions from the Fund’s investments in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to the Fund after year-end by REITs held by 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


July 2022


YEAR-TO-DATE (YTD)


July 31, 2022


Source


Per Share
Amount


% of Current
Distribution


Per Share
Amount


% of 2022
Distributions

Net Investment Income

$0.0800

100.00 %

$0.0896

16.00 %

Net Realized Short-Term Capital Gains

$0.0000

0.00 %

$0.3888

69.43 %

Net Realized Long-Term Capital Gains

$0.0000

0.00 %

$0.0816

14.57 %

Return of Capital (or other Capital Source)

$0.0000

0.00 %

$0.0000

0.00 %


Total Current Distribution


$0.0800


100.00 %


$0.5600


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 2022 (January 1, 2022 through June 30, 2022) 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 2022. In addition, the Fund’s Average Annual Total Return for the five-year period ending June 30, 2022 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2022. 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, 2022 to June 30, 2022

Year-to-date Cumulative Total Return1

-16.62 %

Cumulative Distribution Rate2

4.25 %


Five-year period ending June 30, 2022

Average Annual Total Return3

7.34 %

Current Annualized Distribution Rate4

7.29 %


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, 2022 through July 31, 2022) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of

June 30, 2022.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending June 30, 2022. 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 June 30, 2022.

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 here 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.

Website: https://www.cohenandsteers.com/ 
Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo.


Forward-Looking Statements

This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company’s current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Cision View original content:https://www.prnewswire.com/news-releases/cohen–steers-total-return-realty-fund-inc-rfi-notification-of-sources-of-distribution-under-section-19a-301590588.html

SOURCE Cohen & Steers, Inc.

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

PR Newswire


NEW YORK
, July 20, 2022 /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 July 29, 2022 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


July 2022


YEAR-TO-DATE (YTD)


July 31, 2022*


Source


Per Share
Amount


% of Current
Distribution


Per Share
Amount


% of 2022
Distributions

Net Investment Income

$0.0893

66.15 %

$0.7258

76.80 %

Net Realized Short-Term Capital Gains

$0.0000

0.00 %

$0.0673

7.12 %

Net Realized Long-Term Capital Gains

$0.0000

0.00 %

$0.0630

6.67 %

Return of Capital (or other Capital Source)

$0.0457

33.85 %

$0.0889

9.41 %


Total Current Distribution


$0.1350


100.00 %


$0.9450


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 Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. 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 2022 (January 1, 2022 through June 30, 2022) 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 2022. In addition, the Fund’s Average Annual Total Return for the five-year period ending June 30, 2022 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2022. 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, 2022 to June 30, 2022

Year-to-date Cumulative Total Return1

-16.18 %

Cumulative Distribution Rate2

4.50 %


Five-year period ending June 30, 2022

Average Annual Total Return3

2.36 %

Current Annualized Distribution Rate4

7.71 %


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, 2022 through July 31, 2022) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of
June 30, 2022.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending June 30, 2022. 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 June 30, 2022.

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 here 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.

Website: https://www.cohenandsteers.com 
Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo.


Forward-Looking Statements 


This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company’s current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Cision View original content:https://www.prnewswire.com/news-releases/cohen–steers-select-preferred-and-income-fund-inc-psf-notification-of-sources-of-distribution-under-section-19a-301590582.html

SOURCE Cohen & Steers, Inc.

Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)

PR Newswire


NEW YORK
, July 20, 2022 /PRNewswire/ — This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the “Fund”) with information regarding the sources of the distribution to be paid on July 29, 2022 and cumulative distributions paid fiscal year-to-date.

In December 2021, 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


July 2022


YEAR-TO-DATE (YTD)



July 31, 2022*


Source


Per Share
    Amount     


% of Current
     Distribution     


Per Share
     Amount      


% of 2022



     Distributions     

Net Investment Income

$0.0342

39.31 %

$0.2274

37.34 %

Net Realized Short-Term Capital Gains

$0.0000

0.00 %

$0.0000

0.00 %

Net Realized Long-Term Capital Gains

$0.0043

4.94 %

$0.1941

31.87 %

Return of Capital (or other Capital Source)

$0.0485

55.75 %

$0.1875

30.79 %


Total Current Distribution


$0.0870


100.00 %


$0.6090


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 Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. 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 2022 (January 1, 2022 through June 30, 2022) 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 2022. In addition, the Fund’s Average Annual Total Return for the five-year period ending June 30, 2022 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2022. 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, 2022 to June 30, 2022                    

Year-to-date Cumulative Total Return1

-18.67 %

Cumulative Distribution Rate2

5.51 %


Five-year period ending June 30, 2022

Average Annual Total Return3

3.99 %

Current Annualized Distribution Rate4

9.44 %


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, 2022 through July 31, 2022) measured
on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of
June 30, 2022.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of
the Fund for the five-year period ending June 30, 2022. 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 June 30, 2022.

 

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 here 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.

SOURCE: Cohen & Steers, Inc.

Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo.


Forward-Looking Statements

This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company’s current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Cision View original content:https://www.prnewswire.com/news-releases/cohen–steers-closed-end-opportunity-fund-inc-fof-notification-of-sources-of-distribution-under-section-19a-301590581.html

SOURCE Cohen & Steers, Inc.

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

PR Newswire


NEW YORK
, July 20, 2022 /PRNewswire/ — This press release provides shareholders of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP) (the “Fund”) with information regarding the sources of the distribution to be paid on July 29, 2022 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


July 2022


YEAR-TO-DATE (YTD)


July 31, 2022*


Source


Per Share
Amount


% of Current
Distribution


Per Share
Amount


% of 2022
Distributions

Net Investment Income

$0.0964

71.41 %

$0.7340

77.67 %

Net Realized Short-Term Capital Gains

$0.0000

0.00 %

$0.0000

0.00 %

Net Realized Long-Term Capital Gains

$0.0000

0.00 %

$0.0545

5.77 %

Return of Capital (or other Capital Source)

$0.0386

28.59 %

$0.1565

16.56 %


Total Current Distribution


$0.1350


100.00 %


$0.9450


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 Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. 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 2022 (January 1, 2022 through June 30, 2022) 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 2022. In addition, the Fund’s Average Annual Total Return for the five-year period ending June 30, 2022 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2022. 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, 2022 to June 30, 2022

Year-to-date Cumulative Total Return1

-14.06 %

Cumulative Distribution Rate2

4.50 %


Five-year period ending June 30, 2022

Average Annual Total Return3

2.55 %

Current Annualized Distribution Rate4

7.72 %


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, 2022 through July 31, 2022) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of

June 30, 2022.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending June 30, 2022. 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 June 30, 2022.

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 here 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.

Website: https://www.cohenandsteers.com 
Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo.


Forward-Looking Statements 


This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company’s current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

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SOURCE Cohen & Steers, Inc.

DCP Midstream Announces Time Change for Second Quarter 2022 Earnings Conference Call

DENVER, July 20, 2022 (GLOBE NEWSWIRE) — DCP Midstream, LP (NYSE: DCP) has changed the time of the conference call to discuss its second quarter 2022 earnings due to a scheduling conflict. The conference call will now be held at 12:00 p.m. ET on Wednesday, August 3, 2022. As previously announced, the corresponding earnings release will be issued after the New York Stock Exchange closes for trading on Tuesday, August 2, 2022.

The live audio webcast, along with accompanying presentation slides, will be available on the Investors section of the DCP website at www.dcpmidstream.com. If participants would prefer to join by phone or would like to take part in the question and answer portion of the conference, they should pre-register here to receive dial-in credentials. To avoid delays, we encourage participants to join 10 minutes prior to the event.

An audio replay and transcript of the call will be available on the Investors section of the DCP website at www.dcpmidstream.com.

About DCP Midstream, LP

DCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of gathering, processing, logistics and marketing assets. DCP is one of the largest natural gas liquids producers and marketers and one of the largest natural gas processors in the U.S. The owner of DCP’s general partner is a joint venture between Enbridge and Phillips 66. For more information, visit the DCP Midstream, LP website at www.dcpmidstream.com.

Investor Relations

Mike Fullman
720-527-6505
[email protected]



Bloom Energy Celebrates Grand Opening of Fremont Multi-Gigawatt Factory, Adding Hundreds of New Clean Energy Jobs

Bloom Energy Celebrates Grand Opening of Fremont Multi-Gigawatt Factory, Adding Hundreds of New Clean Energy Jobs

  • New manufacturing plant to produce gigawatts of clean power and green hydrogen, bringing hundreds of new full-time careers to Bay Area
  • In addition, Bloom recently showcased a new R&D facility and is adding a dedicated hydrogen facility to support the energy transition and emerging hydrogen economy

SAN JOSE, Calif.–(BUSINESS WIRE)–
Bloom Energy (NYSE:BE) today announced the grand opening of its multi-gigawatt Fremont, California manufacturing plant. The newly operational, state-of-the-art 164,000 square foot facility, representing a $200 million investment, follows recent expansion of the company’s global headquarters in San Jose as well as the opening of a new research and technical center and a global hydrogen development facility in Fremont. Bloom’s expanded footprint, now more than 524,000 square feet, is expected to create more than 400 clean energy jobs by year-end, bringing Bloom’s California headcount to nearly 2,000.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220720006042/en/

Elected officials join Bloom Energy CEO KR Sridhar and Governor Gavin Newsom at the opening of the Bloom Energy Fremont Manufacturing Plant. (From left to right: Alameda County Supervisor David Haubert, Fremont Mayor Lily Mei, Governor Gavin Newsom, Bloom Energy Founder, Chairman, and CEO KR Sridhar, State Senator Nancy Skinner, and State Senator Bob Wieckowski.) (Photo: Business Wire)

Elected officials join Bloom Energy CEO KR Sridhar and Governor Gavin Newsom at the opening of the Bloom Energy Fremont Manufacturing Plant. (From left to right: Alameda County Supervisor David Haubert, Fremont Mayor Lily Mei, Governor Gavin Newsom, Bloom Energy Founder, Chairman, and CEO KR Sridhar, State Senator Nancy Skinner, and State Senator Bob Wieckowski.) (Photo: Business Wire)

California Governor Gavin Newsom, State Senator Nancy Skinner, State Senator Bob Wieckowski, Fremont Mayor Lily Mei, and Alameda County Supervisor David Haubert were on hand Wednesday to tour the new Bloom Energy Fremont Manufacturing Plant and see the production of solid oxide fuel cells first-hand.

“Powering our homes and our communities has never been more important – especially as the Golden State weathers some of the most dire impacts of climate change like extreme heat and wildfire,” said Governor Newsom. “Together with partners like Bloom Energy, California is powering the future while creating thousands of new jobs in manufacturing and clean energy. Our state’s reliable energy future depends on the hard work and innovation of California-bred companies.”

As the energy industry decarbonizes, Bloom is well-positioned to meet the moment with an unmatched ability to directly convert a variety of fuels to clean, resilient electricity and electricity into storable, clean hydrogen with unmatched efficiencies.

Extreme drought, heatwaves, and wildfires have challenged California’s ability to provide resilient energy, notably in the evening hours during the summer. Under extreme conditions, California officials are planning for potential energy shortfalls that could add up to many gigawatts. Bloom’s microgrids can provide space-efficient energy capacity on a 24/7 basis, creating islands of energy resiliency, adding capacity and resiliency to the grid, producing virtually no harmful air pollutants for residents, and protecting against extended grid outages caused by extreme weather, earthquakes, and potential cyberattacks. When time is of the essence to ensure continuous power is up and running, the Bloom microgrid solution was designed with quick “time to power” as an important value proposition – from installation to providing always-on power within a matter of weeks.

“Founded over twenty years ago, we are a global pioneer in clean energy technology,” said KR Sridhar, founder, chairman, and CEO, Bloom Energy. “Our roots are here, and our home is here. We are proud to continue innovating in Silicon Valley, fully supporting California as a beacon for the rest of the world in its energy transition. It is important to ensure both energy resiliency and reliability today are accessible while charting a sustainable path to decarbonization. We need to make the right decisions now that support the lifeblood of our digital economy.”

A typical nuclear reactor produces one gigawatt of electrical power and takes, on average, eight to 10 years to build. Bloom’s new Fremont plant will have an annual output of more than one gigawatt, the equivalent capacity of adding a nuclear power plant every year.

“As Bloom’s power is generated on-site where power is consumed, we do not face the same challenges as traditional power plants, such as the maintenance of power lines,” added Sridhar. “And, unlike most nuclear power plants that consume billions of gallons of water each year, we use little to no water. It’s an incredibly precious resource that needs to be conserved, especially now.”

Bloom’s technology can play an important role for customers in California, generating clean, reliable, distributed power. In fact, in 2020, when California’s utilities were forced to cut power to as many as two million residents to protect the grid’s stability, Bloom customers graciously stepped up. With the support of Bloom customers, we were able to take megawatts of excess power generation and return it to the grid, keeping the lights on for vulnerable populations across California, resulting in enough energy to power 15,000 homes.

“The great people at Bloom Energy are showing us yet again that the green economy is an economy for all – creating desirable full–time jobs for Californians of all stripes while leading us toward a more climate-resilient future,” said State Senator Bob Wieckowski.

“Thank you to Bloom Energy for building its advanced manufacturing facility right here in Fremont, creating hundreds of new jobs and career opportunities that can help support families in our high-cost region. Creating smart high-paying jobs is exactly what our state needs right now,” said Fremont Mayor Lily Mei.

“I’m excited that as our economy evolves Alameda County is home to new green and highly paid manufacturing jobs,” said Alameda County Supervisor David Haubert.

Job seekers interested in a manufacturing career at Bloom Energy can apply online here or come to one of the company’s upcoming job fairs in Fremont July 29-30 or August 12-13 at:

Bloom Energy Fremont Manufacturing Plant

44408 Pacific Commons Boulevard

Fremont, California

Forward-Looking Statements

This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding its new manufacturing center, growth in California and role in its energy market, including plans to create jobs and attract sufficient labor, its production capabilities, its ability to sell and install microgrids in California, the capabilities of those microgrids, the amount of electricity generated and progress towards any net-zero emissions or decarbonization goals. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 6, 2022, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.

Bloom Energy Contacts:

Media

Jennifer Duffourg

480.341.5464

[email protected]

Investor Relations

Ed Vallejo

267.370.9717

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Alternative Energy Energy Other Energy Utilities

MEDIA:

Logo
Logo
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California Governor Gavin Newsom and Bloom Energy Founder, Chairman, and CEO KR Sridhar celebrate the opening of Bloom’s new multi-gigawatt manufacturing plant in Fremont, California. (Photo: Business Wire)
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Governor Newsom observes the manufacturing of Bloom Energy’s fuel cells. (Photo: Business Wire)
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Elected officials join Bloom Energy CEO KR Sridhar and Governor Gavin Newsom at the opening of the Bloom Energy Fremont Manufacturing Plant. (From left to right: Alameda County Supervisor David Haubert, Fremont Mayor Lily Mei, Governor Gavin Newsom, Bloom Energy Founder, Chairman, and CEO KR Sridhar, State Senator Nancy Skinner, and State Senator Bob Wieckowski.) (Photo: Business Wire)

SOUTHWEST AIRLINES EARNS TOP SCORE ON DISABILITY:IN’S DISABILITY EQUALITY INDEX FOR THIRD CONSECUTIVE YEAR

PR Newswire

Carrier scores 100 on 2022 Disability Equality Index


DALLAS
, July 20, 2022 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) today announced it earned the top score on Disability:IN®, the leading nonprofit resource for business disability inclusion worldwide, 2022 Disability Equality Index (DEI). The carrier’s continued focus on its diversity, equity, and inclusion initiatives landed a “100” on the score sheet for the third consecutive year.

“Southwest is a People-first employer and a place where diversity is celebrated as every Employee brings unique talents, skills, and perspectives to work every day,” said Juan Suarez, Vice President of Diversity, Equity, & Inclusion at Southwest Airlines. “We focus on ensuring an environment that encourages People to be their authentic selves as they work to connect our Customers to the People and places important in their lives.”

The Disability Equality Index is the world’s most comprehensive benchmarking tool for the Fortune 1000 and America’s top 200 revenue-grossing law firms (Am Law 200) to measure disability workplace inclusion. 

“By rethinking traditional hiring processes at Southwest Airlines and providing customized support, we can remove barriers that may otherwise limit individuals from fully showcasing their strengths, abilities, and potential,” said Lindsey Lang, Vice President of People at Southwest Airlines. “We’re grateful for our recognition as one of the ‘Best Places to Work for Disability Inclusion,’ and committed to ensuring that Employees receive the support they need to bring their whole self to work each day and succeed in their roles.”

The DEI was launched in 2015 by Disability:IN® and The American Association of People with Disabilities (AAPD) and is acknowledged today as the most robust disability inclusion assessment tool in the business. To learn more about the airline’s commitment to creating a diverse, equitable, and inclusive workplace, visit SouthwestOneReport.com

Southwest Airlines is dedicated to attracting prospective candidates and retaining Employees—keeping this focus at the forefront of everything it does. It is all about a career with Heart and Purpose. Join the carrier’s Talent Community to stay up to date on job opportunities from the Company with Heart.


ABOUT THE DISABILITY EQUALITY INDEX (DEI)
 The Disability Equality Index (DEI) is a comprehensive benchmarking tool that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality. Each company receives a score, on a scale of zero (0) to 100, with those earning 80 and above recognized as a “Best Place to Work for Disability Inclusion.” 

The DEI is a joint initiative of the American Association of People with Disabilities (AAPD), the nation’s largest disability rights organization, and Disability:IN, the global business disability inclusion network, to collectively advance the inclusion of people with disabilities. The organizations are complementary and bring unique strengths that make the project relevant and credible to corporations and the disability community. The tool was developed by the DEI Advisory Committee, a diverse group of business leaders, policy experts, and disability advocates. Learn more at www.DisabilityEqualityIndex.org


ABOUT THE AMERICAN ASSOCIATION OF PEOPLE WITH DISABILITIES (AAPD)
 AAPD is a convener, connector, and catalyst for change, increasing the political and economic power for people with disabilities. As a national cross-disability rights organization AAPD advocates for full civil rights for the 50+ million Americans with disabilities. Learn more at www.aapd.com.


ABOUT DISABILITY:IN®


Disability:IN is a global organization driving disability inclusion and equality in business. More than 270 corporations trust Disability:IN to activate and achieve disability inclusion across their enterprise and in the broader corporate mainstream. Through the world’s most comprehensive disability inclusion benchmarking; best-in-class conferences and programs; and expert counsel and engagement, Disability:IN works with leading businesses to create long-term business and societal impact. Join us at disabilityin.org/AreYouIN #AreYouIN.


ABOUT SOUTHWEST AIRLINES CO.
  
Southwest Airlines Co. operates one of the world’s most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Having celebrated its 50th Anniversary in 2021, Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 61,0002 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. That formula for success brought industry-leading prosperity and 47 consecutive years3 of profitability for Southwest Shareholders (NYSE: LUV). Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship. Southwest is also continuing to develop tangible steps toward achieving carbon neutrality by 2050, including offering Customers an opportunity to help the airline offset its carbon emissions. To be part of the solution, visit Southwest.com/wannaoffsetcarbon.

1) U.S. Dept. of Transportation most recent reporting of domestic originating passengers boarded   
2) Fulltime-equivalent active Employees    
3) 1973-2019 annual profitability   

 

 

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SOURCE Southwest Airlines Co.

NRG Energy, Inc. Announces Quarterly Dividend

NRG Energy, Inc. Announces Quarterly Dividend

HOUSTON–(BUSINESS WIRE)–
NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.35 per share, or $1.40 per share on an annualized basis. The dividend is payable on August 15, 2022, to stockholders of record as of August 1, 2022.

About NRG

At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.

Safe Harbor

This communication contains forward-looking statements that may state NRG’s or its management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.

Investors:

Kevin L. Cole, CFA

609.524.4526

[email protected]

Media:

Laura Avant

713.537.5437

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Other Energy Utilities Oil/Gas Coal Alternative Energy Energy Nuclear

MEDIA:

Berger Montague Investigates Securities Fraud Allegations Against Unilever PLC (NYSE: UL); Lead Plaintiff Deadline is August 15, 2022

PR Newswire


PHILADELPHIA
, July 20, 2022 /PRNewswire/ — Berger Montague is investigating securities fraud allegations on behalf of investors who purchased the securities Unilever PLC (“Unilever” or the “Company”) (NYSE: UL) between September 2, 2020 and July 21, 2021 (the “Class Period”).

If you purchased the securities of Unilever during the Class Period, would like to discuss Berger Montague’s investigation, or have questions concerning your rights or interests, please contact attorneys Andrew Abramowitz at [email protected] or (215) 875-3015, or Michael Dell‘Angelo at [email protected] or (215) 875-3080 or visit: https://investigations.bergermontague.com/unilever-plc-/ 

A recently filed lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that in July 2020, Ben & Jerry’s board passed a resolution to end sales of its ice cream in “Occupied Palestinian Territory,” as well as the risks attendant to the board’s decision. Additionally, Unilever’s description of its legal risks omitted discussion of Ben & Jerry’s boycott decision, which risked adverse governmental actions for violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states (“Anti-BDS Legislation”).

On July 19, 2021, Unilever and its hand-picked Ben & Jerry’s CEO, Matthew McCarthy, finally “operationalized” the Ben & Jerry’s board’s resolution to boycott Israel. Ben & Jerry’s announced on its website and through its Twitter account that, upon the expiration of the current licensing agreement by which its products had been distributed in Israel for decades, Ben & Jerry’s would end sales of its ice cream in “Occupied Palestinian Territory” but Ben & Jerry’s would purportedly continue to sell its products in Israel. On this news, the price of Unilever ADRs fell.

Then, July 22, 2021, CNBC reported that the states of Texas and Florida were examining Ben & Jerry’s actions in connection with the states’ Anti-BDS Legislation. Being added to the list also meant that Unilever would not be able to enter or renew contracts with the state or any municipality in Florida. On this news, the price of Unilever ADRs fell more than 5%, further damaging investors.

Ultimately, the states of New York, New Jersey, Florida, Texas, Illinois, Colorado, and Arizona announced decisions to divest their pension fund investments in Unilever due to violations of their Anti-BDS Legislation.

Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Whistleblowers: Anyone with non-public information regarding Unilever is encouraged to confidentially assist Berger Montague’s investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.

Contacts
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected] 

Michael Dell‘Angelo, Executive Shareholder
Berger Montague
(215) 875-3080
[email protected] 

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SOURCE Berger Montague

Patriot Bank Announces Termination of Merger Agreement with American Challenger

STAMFORD, Conn., July 20, 2022 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc., a Connecticut corporation (“Patriot”), today announced the termination of the Merger Agreement, dated November 14, 2021, between Patriot and American Challenger Development Corp. (“American Challenger”), as amended (the “Merger Agreement”). The parties have mutually determined that not all closing conditions of the Merger Agreement can be satisfied under the current structure and agreement. Although the parties remain in active discussions regarding a modified transaction, it is uncertain whether a new agreement can be reached. Accordingly, it was by mutual agreement of the companies and was unanimously approved by the Boards of Directors of each company to terminate the existing Merger Agreement. Pursuant to the parties’ mutual termination and release agreement, the parties have agreed to release each other from any claims relating to or arising out of the Merger Agreement or the transactions contemplated thereby.

About Patriot National Bancorp, Inc.

Founded in 1994, and now celebrating its 28th year, Patriot National Bancorp, Inc. is the parent holding company of Patriot Bank N.A. (“Bank”), a nationally chartered bank headquartered in Stamford, CT. The Bank is headquartered in Stamford and operates 9 branch locations: in Scarsdale, NY; and Darien, Fairfield, Greenwich, Milford, Norwalk, Orange, Stamford, Westport, CT with Express Banking locations at Bridgeport/ Housatonic Community College, downtown New Haven and Trumbull at Westfield Mall. The Bank also maintains SBA lending offices in Stamford, Connecticut, Florida, Georgia, Mississippi, along with a Rhode Island operations center.

Patriot’s mission is to serve its local community and nationwide customer base by providing a growing array of banking solutions to meet the needs of individuals and small businesses owners. Patriot places great value in the integrity of its people and how it conducts business. An emphasis on building strong client relationships and community involvement are cornerstones of Patriot’s philosophy as it seeks to maximize shareholder value.

Contacts:      
Patriot Bank, N.A. Joseph Perillo Robert Russell Michael Carrazza
900 Bedford Street Chief Financial Officer President & CEO Chairman
Stamford, CT 06901 203-252-5954 203-252-5939 203-251-8230
www.BankPatriot.com