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Cohen & Steers Reit and Preferr Message Board

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  • codehead321 codehead321 Feb 24, 2012 2:41 PM Flag

    Don't be fooled about the dividend!

    RNP is a mutual fund that invests in various REITs and preferred shares. Some REITs own real estate which generate return of capital due mainly to depreciation and other non-cash charges. When these REITs pay dividends to RNP, some of that cash is going to be classified as a ROC since depreication reduced their earnings. I wouldn't worry about a ROC but would welcome it.

 
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