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Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)

PR Newswire

NEW YORK, Nov. 24, 2020 /PRNewswire/ — This press release provides shareholders of Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) (the “Fund”) with information regarding the sources of the distribution to be paid on November 30, 2020 and cumulative distributions paid fiscal year-to-date.

In March 2015, 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. This 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 MLPs are attributed to various sources, including net investment income and return of capital. 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


November 2020


YEAR-TO-DATE (YTD)


November 30, 2020*


Source


Per Share
Amount


% of Current
Distribution


Per Share
Amount


% of 2020
Distributions

Net Investment Income

$0.1550

100.00%

$0.4343

25.47%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$1.0110

59.30%

Return of Capital (or other Capital Source)

$0.0000

0.00%

$0.2597

15.23%


Total Current Distribution


$0.1550


100.00%


$1.7050


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 2020 (January 1, 2020 through October 31, 2020) 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 2020. In addition, the Fund’s Average Annual Total Return for the five-year period ending October 31, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2020. 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, 2020 to October 31, 2020

Year-to-date Cumulative Total Return1

-12.78%

Cumulative Distribution Rate2

7.55%


Five-year period ending October 31, 2020

Average Annual Total Return3

7.65%

Current Annualized Distribution Rate4

8.24%

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, 2020 through November 30, 2020)
measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of
October 31, 2020.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for
the five-year period ending October 31, 2020. 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 October 31, 2020.

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 global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, 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, 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

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Line 3 Moves Forward to Construction

PR Newswire

CALGARY, AB and DULUTH, Minn., Nov. 24, 2020 /PRNewswire/ – The Line 3 Replacement Project has received approval to begin construction.  Today the Minnesota Public Utilities Commission issued their authorization to construct.  The one remaining permit is a storm water permit which is provided by the Minnesota Pollution Control Agency.


Forward Looking Information

Forward-looking information, or forward-looking statements, have been included in this news release to provide information about Enbridge Inc. (“Enbridge” or the “Company”) and its subsidiaries and affiliates, including management’s assessment of Enbridge and its subsidiaries’ future plans and operations. This information may not be appropriate for other purposes. Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.  Enbridge’s forward-looking statements are subject to risks and uncertainties, including, but not limited to those risks and uncertainties discussed in this news release and in the Company’s other filings with Canadian and United States securities regulators. Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on the Company’s behalf, are expressly qualified in their entirety by these cautionary statements.


About Enbridge Inc.

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW of net renewable power in North America and Europe. The Company’s common shares trade on and stock exchanges under the symbol ENB. For more information, visit the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Media

Juli Kellner Toll Free: (888) 992-0997
Email: [email protected]

Investment Community

Jonathan Morgan Toll Free: (800) 481-2804
Email: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/line-3-moves-forward-to-construction-301180184.html

SOURCE Enbridge Inc.

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Cornerstone Community Bancorp Announces Completion of $12 Million Subordinated Notes Offering

Cornerstone Community Bancorp Announces Completion of $12 Million Subordinated Notes Offering

RED BLUFF, Calif.–(BUSINESS WIRE)–
Cornerstone Community Bancorp (OTC Pink: CRSB), the holding company for Cornerstone Community Bank (“Bank”), announced today that it completed the issuance of $10 million in 10-year fixed-to-floating rate subordinated notes and $2 million in 15-year fixed-to-floating rate subordinated notes.

The 10-year notes initially bear interest at a fixed rate of 4.75% per annum, payable quarterly in arrears on each March 30, June 30, September 30 and December 30 commencing March 30, 2021 until November 30, 2025. From November 30, 2025 through November 30, 2030 (or up to an earlier redemption date), the interest rate shall reset quarterly to an interest rate per annum equal to Three-Month Term SOFR (or the applicable successor or substitute base rate) plus 452 basis points, payable quarterly in arrears. The notes are redeemable, in whole or in part, on November 24, 2025, on any interest payment date thereafter, and at any time upon the occurrence of certain events.

The 15-year notes initially bear interest at a fixed rate of 4.75% per annum, payable quarterly in arrears on each March 30, June 30, September 30 and December 30 commencing March 30, 2021 until November 30, 2030. From November 30, 2030 through November 30, 2035 (or up to an earlier redemption date), the interest rate shall reset quarterly to an interest rate per annum equal to Three-Month Term SOFR (or the applicable successor or substitute base rate) plus 414 basis points, payable quarterly in arrears. The notes are redeemable, in whole or in part, on November 24, 2030, on any interest payment date thereafter, and at any time upon the occurrence of certain events.

Cornerstone Community Bancorp intends to use proceeds from the offering for general corporate purposes, to include enhancing the Bank’s capital ratios and supporting growth of the franchise, and potential future strategic opportunities.

Performance Trust Capital Partners, LLC served as sole placement agent for the private offering, and Gary Steven Findley & Associates served as Cornerstone Community Bancorp’s legal counsel. Craig Miller of Manatt, Phelps & Phillips, LLP provided legal counsel to the placement agent in connection with the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. The notes offered and sold in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration under the Securities Act and applicable state securities laws.

About Cornerstone Community Bancorp

Cornerstone Community Bancorp, a bank holding company headquartered in Red Bluff, California, serves the Red Bluff and Redding communities through its wholly-owned subsidiary, Cornerstone Community Bank with a headquarters office in Red Bluff and two banking offices in Redding. The Bank provides commercial banking services to small and mid-size businesses, including professional service firms, real estate developers and investors and not-for-profit organizations and to their owners and other individuals. Additional information about the Bank is available on its website at www.bankcornerstone.com

Jeffrey P. Finck

President & CEO

530.222.1460

Patrick E. Phelan

Chief Financial Officer

530.222.1460

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Cadence’s John Wall to Present at Nasdaq 43rd Investor Conference

Cadence’s John Wall to Present at Nasdaq 43rd Investor Conference

SAN JOSE, Calif.–(BUSINESS WIRE)–
Cadence Design Systems, Inc. (Nasdaq: CDNS):

WHO:

John Wall, senior vice president and chief financial officer, Cadence Design Systems, Inc. (Nasdaq: CDNS).

WHAT:

Mr. Wall will participate in a virtual fireside chat at the Nasdaq 43rd Investor Conference on December 1, 2020.

WHEN:

Mr. Wall’s talk will be available live by webcast at 9:00 a.m. EST on Tuesday, December 1, 2020. The presentation will be archived on the Cadence website and available for replay through 5:00 p.m. PST on Friday, January 1, 2021.

WHERE:

The webcast will be available online at cadence.com/cadence/investor_relations.

About Cadence

Cadence is a pivotal leader in electronic design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to systems for the most dynamic market applications, including consumer, hyperscale computing, 5G communications, automotive, mobile, aerospace, industrial and healthcare. For six years in a row, Fortune Magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

© 2020 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

Investor Relations

Cadence Design Systems, Inc.

408-944-7100

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Mobile/Wireless Technology Semiconductor Security Software Networks Internet Hardware Electronic Design Automation Data Management

MEDIA:

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AllianzGI Announces Shareholders of 5 Closed-End Funds Approve New Investment Advisory and Subadvisory Agreements at Special Meeting and the Adjournment of Meeting for Remaining Funds

AllianzGI Announces Shareholders of 5 Closed-End Funds Approve New Investment Advisory and Subadvisory Agreements at Special Meeting and the Adjournment of Meeting for Remaining Funds

AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), AllianzGI Convertible & Income 2024 Target Term Fund (NYSE: CBH), AllianzGI Convertible & Income Fund (NYSE: NCV), AllianzGI Convertible & Income Fund II (NYSE: NCZ), AllianzGI Diversified Income & Convertible Fund (NYSE: ACV), AllianzGI Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), AllianzGI Equity & Convertible Income Fund (NYSE: NIE) (each a “Fund” and, together, the “Funds”)

NEW YORK–(BUSINESS WIRE)–
Allianz Global Investors U.S. LLC (“AllianzGI U.S.”), investment manager to each of the Funds listed above, announced today that (i) the shareholders of 5 of its Closed-End Funds (each, an “Approving Fund”) voted to approve a new investment advisory agreement with Virtus Investment Partners, Inc. (“Virtus”) at its Special Meeting of Shareholders (the “Meeting”) as well as the relevant subadvisory agreements, and (ii) the Meeting has been adjourned with respect to the remaining funds (each, an “Adjourning Fund”) to a later date and time as described in this press release in order to permit the solicitation of additional shareholder votes.

The Approving Funds are AllianzGI Convertible & Income 2024 Target Term Fund, AllianzGI Convertible & Income Fund II, AllianzGI Diversified Income & Convertible Fund, AllianzGI Dividend, Interest & Premium Strategy Fund, and AllianzGI Equity & Convertible Income Fund and shareholders of each Approving Fund approved a new investment advisory agreement with Virtus. For each Approving Fund, shareholders also approved a new subadvisory agreement by and among such Fund, Virtus and AllianzGI U.S. For AllianzGI Dividend, Interest & Premium Strategy Fund, shareholders also approved a new subadvisory agreement by and among the Fund, Virtus and NFJ Investment Group, LLC.

Each new investment advisory agreement and subadvisory agreement will become effective upon the transition of operational control of the Funds as part of the strategic partnership with Virtus. The transition to Virtus is not expected to directly result in any change to the personnel responsible for managing the Approving Funds’ assets or the composition of the Approving Funds’ portfolios, or in any increase in the fees or expenses borne by the Fund Shareholders.

The Adjourning Funds are AllianzGI Convertible & Income Fund and AllianzGI Artificial Intelligence & Technology Opportunities Fund. The meeting with respect to the Adjourning Funds has been adjourned and will now take place on December 23, 2020 at 12:00 p.m. Eastern Time. Additionally, in light of public health concerns regarding the COVID-19 pandemic, the rescheduled Meeting will be held in a virtual meeting format only.

As noted in the proxy materials previously distributed for the Meeting, the Board of Trustees of each Fund fixed the close of business on September 10, 2020 as the record date for the determination of shareholders of the Fund entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof. To attend the rescheduled Meeting virtually, shareholders must email the Funds’ Transfer Agent, AST Financial, at [email protected] and provide their full name, address and control number located on the proxy card previously received. AST Financial will then email the shareholder meeting credentials information and instructions for voting during the Meeting.

If you held Fund shares through an intermediary (such as a broker-dealer) as of September 10, 2020, in order to participate in and vote at the Meeting, you must first obtain a legal proxy from your intermediary reflecting the Fund’s name, the number of Fund shares you held, and your name and email address. You may forward an email from your intermediary containing the legal proxy or an image of the legal proxy to AST at [email protected] and put “Legal Proxy” in the subject line. Requests for registration must be received by AST no later than 3:00 p.m. Eastern Time on December 22, 2020. You will then receive confirmation of your registration and a control number by email from AST. AST will also email your Meeting credentials for participation in the Meeting and instructions for voting during the Meeting.

Shareholders are not required to attend the Meeting to vote on the proposals. Whether or not shareholders plan to attend the Meeting, each Fund urges shareholders to authorize a proxy to vote the shareholder’s shares in advance of the Meeting by one of the methods described in the proxy materials for the Meeting. In connection with the Meeting, each Fund has filed a definitive proxy statement with the Securities and Exchange Commission. Shareholders are advised to read their Fund’s proxy statement because it contains important information.

Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of PFP Holdings, Inc., serves as the Funds’ investment manager and is a member of Munich-based Allianz Group.

The Funds’ daily New York Stock Exchange closing market prices and net asset values per share, as well as other information, including updated portfolio statistics and performance, are available at us.allianzgi.com/closedendfunds or by calling the Funds’ shareholder servicing agent at (800)-254-5197.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with 754 investment professionals in 25 offices worldwide and managing USD 641 billion in assets for individuals, families and institutions.

Active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.

Active is: Allianz Global Investors

Data as of September 30, 2020

Disclaimer

This material may include statements that constitute “forward-looking statements” under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates and information about possible or future results related to the Funds, market or regulatory developments. The views expressed herein are for informational purposes only and are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Funds’ performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. The views expressed herein are subject to change at any time based upon economic, market, or other conditions and the Funds undertake no obligation to update the views expressed herein. While we have gathered this information from sources believed to be reliable, the Funds cannot guarantee the accuracy of the information provided. The views expressed herein do not constitute recommendations to buy, sell or hold any security. The views expressed herein (including any forward-looking statement) may not be relied upon as investment advice or as an indication of the Funds’ trading intent. Information included herein is not an indication of the Funds’ future portfolio composition or the extent to which the Funds may utilize leverage.

For information on Allianz & Closed-End Funds:

Financial Advisors: (800) 926-4456

Shareholders: (800) 254-5197

Media Relations: (212) 739-3172

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Notification of Sources of Distribution Under Section 19(a)

PR Newswire

NEW YORK, Nov. 24, 2020 /PRNewswire/ — This press release provides shareholders of Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) (the “Fund”) with information regarding the sources of the distribution to be paid on November 30, 2020 and cumulative distributions paid fiscal year-to-date.

In December 2012, 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


November 2020


YEAR-TO-DATE (YTD)


November 30, 2020
*


Source


Per Share
Amount


% of Current
Distribution


Per Share
Amount


% of 2020
Distributions

Net Investment Income

$0.0217

27.13%

$0.1995

22.67%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0910

10.34%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.4802

54.57%

Return of Capital (or other Capital Source)

$0.0583

72.87%

$0.1093

12.42%


Total Current Distribution


$0.0800


100.00%


$0.8800


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 2020 (January 1, 2020 through October 31, 2020) 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 2020. In addition, the Fund’s Average Annual Total Return for the five-year period ending October 31, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2020. 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, 2020 to October 31, 2020

Year-to-date Cumulative Total Return1

-15.42%

Cumulative Distribution Rate2

7.55%


Five-year period ending October 31, 2020

Average Annual Total Return3

5.19%

Current Annualized Distribution Rate4

8.24%

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, 2020 through November 30, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of
October 31, 2020.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending October 31, 2020. 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 October 31, 2020.

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 global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, 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, 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:http://www.prnewswire.com/news-releases/cohen–steers-quality-income-realty-fund-inc-rqi-notification-of-sources-of-distribution-under-section-19a-301180188.html

SOURCE Cohen & Steers

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U.S. Navy awards $197 million contract to BAE Systems for USS Wasp modernization

U.S. Navy awards $197 million contract to BAE Systems for USS Wasp modernization

NORFOLK, Va.–(BUSINESS WIRE)–
BAE Systems has received a $197.4 million contract from the U.S. Navy to drydock and perform maintenance and modernization work aboard the amphibious assault ship USS Wasp (LHD 1). This is the second time in four years that the company has performed significant work onboard the Wasp to sustain its warfighting capability.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201124006047/en/

BAE Systems’ Norfolk shipyard will begin working aboard the 843-foot-long USS Wasp, seen here sailing in the Mediterranean Sea, in February 2021. (Photo: U.S. Navy)

BAE Systems’ Norfolk shipyard will begin working aboard the 843-foot-long USS Wasp, seen here sailing in the Mediterranean Sea, in February 2021. (Photo: U.S. Navy)

Under the new contract, BAE Systems’ Norfolk shipyard will begin working aboard the 843-foot-long USS Wasp in February 2021, performing hull, tank and mechanical work. The contract includes options that, if exercised, would bring the cumulative value to $237.7 million.

During the company’s last maintenance availability aboard the Wasp, from December 2016 to May 2017, BAE Systems added modifications to support Joint Strike Fighter operations onboard.

“BAE Systems is very familiar with USS Wasp, performing substantial upgrade work onboard before its forward deployment to Japan three years ago,” said Mark Whitney, deputy general manager of BAE Systems Ship Repair and general manager of Norfolk Ship Repair. “Our team of skilled tradespeople and subcontractors look forward to executing another long sustainment period on Wasp, to ensure the ship retains its sharp warfighting capability.”

The USS Wasp is the lead ship of a class of U.S. Navy amphibious assault ships. It is the 10th Navy vessel to bear the name since 1775.

To prepare for drydocking the Wasp, BAE Systems sent its largest floating drydock in Norfolk to a Baltimore, Maryland, shipyard for five months of lifecycle maintenance. The drydock, called “Titan,” returned to Norfolk earlier this month. The lifecycle maintenance work performed on Titan drydock will enable the yard to service the largest Navy ships in the port of Norfolk for another 20 to 25 years. Titan is capable of lifting up to 52,500 long tons. The USS Wasp displaces about 40,500 long tons.

BAE Systems is a leading provider of ship repair, maintenance, modernization, conversion, and overhaul services for the Navy, other government agencies, and select commercial customers. The company operates four full-service shipyards in California, Florida, Hawaii, and Virginia, and offers a highly skilled, experienced workforce, seven dry docks and railways, and significant pier space and ship support services.

Karl Johnson, BAE Systems

Mobile: 757-375-5086

[email protected]

www.baesystems.com/US

@BAESystemsInc

 

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Defense Technology Aerospace Manufacturing Other Technology Other Defense Contracts

MEDIA:

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BAE Systems’ Norfolk shipyard will begin working aboard the 843-foot-long USS Wasp, seen here sailing in the Mediterranean Sea, in February 2021. (Photo: U.S. Navy)
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Rubicon Organics to Enter Québec Market

  • Executed Letter of Understanding with SQDC to sell its flagship Simply BareTM Organic flower.
  • Rubicon Organics products will soon be available to over 90% of the Canadian population.

VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified cannabis, today announced that it has executed a letter of understanding (“LOU”) with Société québécoise du cannabis (“SQDC”) for the distribution of its portfolio of cannabis products to consumers in the province of Québec. The Company is expecting to make its first shipment under the agreement in the coming weeks. Simply BareTM Organic flower will now be available in stores and online from British Columbia to Québec inclusively.

“Québec represents an important milestone in the development of Simply BareTM Organic. The addition of Québec provides Rubicon Organics a national distribution platform that makes our products accessible to over 90% of the Canadian population. In addition to the Simply BareTM Organics product portfolio, we look forward to offering new brands and products that will be exclusively available in Québec in the upcoming months,” said Jesse McConnell, Chief Executive Officer.

ABOUT RUBICON ORGANICS INC.

Rubicon Organics Inc. is becoming the global brand leader in organic cannabis products. Through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer, the Company cultivates and sells organic certified, sustainably grown, super-premium cannabis from its state-of-the-art hybrid greenhouse located in Delta, BC, Canada. Rubicon Organics is focused on achieving industry leading profitability through the development of brands and cannabis 2.0 products, including its flagship brand Simply BareTM Organic.

CONTACT INFORMATION

Margaret Brodie
Chief Financial Officer
Phone: +1 (437) 929-1964
Email: [email protected]

The TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this press release.

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, and statements such as timing of the first delivery to Québec; the Company’s belief that it is becoming the global brand leader in organic cannabis products and the Company’s intention of achieving industry leading profitability are “forward-looking statements”. Forward-looking information can be identified by the use of words such as “will” or variations of such words or statements that certain actions, events or results “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including that its capital needs will be as currently projected. Risks and uncertainties associated with forward looking information in this press release include, among others, information or statements concerning the Company’s expectations of financial resources available to fund operations; Rubicon Organics’ limited operating history and lack of historical profits; obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the Company’s ability to obtain financing at reasonable terms through the sale of equity and/or debt commitments; the Company’s ability to attract and retain skilled staff; market competition; the products and technology offered by the Company’s competitors; that our current relationships with our suppliers, service providers and other third parties will be maintained; and the impact of the current global health crisis caused by the COVID-19 pandemic. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.



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Syneos Health Announces Closing of Offering of $600.0 Million of Senior Notes Due 2029

MORRISVILLE, N.C., Nov. 24, 2020 (GLOBE NEWSWIRE) — Syneos Health, Inc. (Nasdaq: SYNH) (the “Company” or “Syneos Health”), the only fully integrated biopharmaceutical solutions organization combining a CRO (Contract Research Organization) and a CCO (Contract Commercial Organization), today announced the completion of the previously announced offering of $600.0 million aggregate principal amount of 3.625% senior notes due 2029 (the “Notes”). The Notes are guaranteed, jointly and severally, on a senior unsecured basis, by certain of the Company’s subsidiaries.

The net proceeds of the offering will be used for general corporate purposes, including the funding of acquisitions, and for repayment of indebtedness.

The Notes were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Company also announced that it entered into an amendment to the credit agreement governing its existing senior secured credit facilities pursuant to which, among other things, the Issuer has extended the maturity date thereof to August 2024.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers of the Notes were made only by means of a private offering memorandum.

Forward-Looking Statements

Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to: reliance on key personnel; principal investigators and patients; general and international economic, political, and other risks, including currency and stock market fluctuations and the uncertain economic environment; any inability to satisfy or any failure to waive the closing conditions related to the Company’s acquisition of SHCR Holdings Corporation (“Synteract”); any failure to realize the anticipated benefits of the acquisition of Synteract; risks related to the COVID-19 pandemic; the Company’s ability to adequately price its contracts and not overrun cost estimates; any adverse effects from the Company’s customer or therapeutic area concentration; the Company’s ability to maintain or generate new business awards; the Company’s ability to increase its market share, grow its business, and execute its growth strategies; the Company’s backlog not being indicative of future revenues and its ability to realize the anticipated future revenue reflected in its backlog; fluctuations in the Company’s operating results and effective income tax rate; risks related to the Company’s information systems and cybersecurity; changes and costs of compliance with regulations related to data privacy; risks related to the United Kingdom’s withdrawal from the European Union; risks related to the Company’s transfer pricing policies; failure to perform services in accordance with contractual requirements, regulatory requirements and ethical considerations; risks relating to litigation and government investigations; risks associated with the Company’s early phase clinical facilities; insurance risk; risks of liability resulting from harm to patients; success of investments in the Company’s customers’ business or drugs; foreign currency exchange rate fluctuations; risks associated with acquired businesses, including the ability to integrate acquired operations, products, and technologies in the Company’s business; risks related to the Company’s income tax expense and tax reform; risks relating to the Company’s intellectual property; risks associated with the Company’s acquisition strategy; failure to realize the full value of goodwill and intangible assets; restructuring risk; potential violations of anti-corruption and anti-bribery laws; risks related to the Company’s dependence on third parties; downgrades of the Company’s credit ratings; competition in the biopharmaceutical services industry; changes in outsourcing trends; regulatory risks; trends in the Company’s customers’ businesses; the Company’s ability to keep pace with rapid technological change; risks related to the Company’s indebtedness; fluctuations in the Company’s financial results and stock price; and other risk factors set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 as updated by the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, and other SEC filings, copies of which are available free of charge on the SEC website at www.sec.gov. The Company assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

About Syneos Health

Syneos Health® (Nasdaq:SYNH) is the only fully integrated biopharmaceutical solutions organization. The Company, including a Contract Research Organization (CRO) and Contract Commercial Organization (CCO), is purpose-built to accelerate customer performance to address modern market realities. We bring together approximately 24,000 clinical and commercial minds with the ability to support customers in more than 110 countries. Together we share insights, use the latest technologies and apply advanced business practices to speed our customers’ delivery of important therapies to patients.

   
Investor Relations Contact:

Ronnie Speight
Senior Vice President, Investor Relations
Phone: +1 919 745 2745
Email: [email protected]

 Press/Media Contact:

Danielle DeForge
Vice President, External Communications
Phone: +1 202 210 5992
Email: [email protected]



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American Consumers Continue Their Love Affair with Dietary Supplements

RelSup – Supplements that You Can Trust – Expanding Retail Distribution Throughout U.S.

PALM BEACH, FL, Nov. 24, 2020 (GLOBE NEWSWIRE) — For the fourth year in a row, more than 70 percent of Americans reported taking dietary supplements.

The Council for Responsible Nutrition’s annual survey also reported that 43 percent of supplement users changed their routine since the start of the pandemic. Ninety-one percent of these dietary supplement users have increased their intake because of COVID-19.

“The CRN survey shows what we know at RelSup. Consumers are taking dietary supplements at record numbers,” said Steven Berens, president of RelSup, the U.S. distributor. “American consumers want quality dietary supplements that they can trust, which is why we developed our flagship products.

RelSup dietary supplements available at Amazon include:

  • Supracol, which targets the colon to support digestive function, contains butyric acid, prebiotics, and probiotics. The Supracol capsule is gastro-resistant, which prevents it from prematurely breaking down and targets the lower intestine.
  • Artizak, which provides strong support for liver, gall bladder, and digestive function, helps promote metabolic health. Artizak contains a unique set of ingredients that include artichoke leaf extract, dandelion root extract, inositol, and choline dihydrogen. Artizak comes in a 10ml liquid foil pack.
  • Lactacol, which contains an enzyme, lactase, which aids in the digestion of dairy products.
  • Hepazak, which was developed to support liver health by providing unique ingredients that promote liver injury protection, contains a potent antioxidant, reduces acidosis, and aids in eliminating dyspeptic disorders. Hepazak comes in a 10ml liquid foil pack.

“The pandemic has affected all of us,” Berens said. “COVID-19 has made all of us more conscious about our health. Many people take dietary supplements regularly to get healthy and stay healthy.”

Berens said more consumers are looking to dietary supplements to help them with daily health issues.

“RelSup developed its dietary supplements to help people with common digestive problems,” Berens said, adding that RelSup also offers supplements for liver health and to aid digestion of dairy products.

“Our research and development team created quality supplements that you can trust. Supracol, Artizak, Lactacol, and Hepazak are nutritional supplements that you should try,” Berens added.

To purchase RelSup supplements, visit Amazon.

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Robert Grant
RelSup
561-421-3045
[email protected]