Quality Closed-End Real Estate Fund Now Trading At A Discount
- Cohen & Steers Total Return Real Estate Fund is an unleveraged closed-end fund that now trades at a significant discount to its holdings of quality equity REITs.
- A merger with another fund seems to have temporarily brought down the price even further below their most recent net asset value.
- A dividend increase announced with the merger has brought the annualized yield up to an enticing 7.8%.
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RFI vs. ETF Alternatives
The funds investment objective is to achieve a high total return through investment in Real Estate Securities. Approximately equal emphasis will be put on both current income and capital appreciation. Approximately 75% of the Funds assets will be invested
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