Cohen & Steers Total Return Realty Fund Announces Distribution Sources Under Section 19(a)

The Cohen & Steers Total Return Realty Fund has declared a monthly distribution of $0.0800 per share, with $0.0787 coming from long-term capital gains and $0.0013 from net investment income. The total distribution for the fiscal year-to-date is $0.5600 per share, with $0.1556 from net investment income, $0.0861 from net realized short-term capital gains, and $0.3183 from net realized long-term capital gains. The distribution is subject to change and the final tax characteristics will be provided after the end of the calendar year.

NEW YORK, July 2, 2025 -- Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) has declared a monthly distribution of $0.0800 per share for July 2025. This distribution is part of the Fund's managed distribution policy, which aims to deliver the Fund's long-term total return potential through regular monthly distributions at a fixed rate per common share. The policy was implemented in December 2011 in accordance with exemptive relief issued by the Securities and Exchange Commission.

The distribution for July 2025 comprises $0.0787 from long-term capital gains and $0.0013 from net investment income. This brings the total distribution for the fiscal year-to-date to $0.5600 per share. The sources of this year-to-date distribution include $0.1556 from net investment income, $0.0861 from net realized short-term capital gains, and $0.3183 from net realized long-term capital gains.

The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income, and return of capital for federal income tax purposes. A return of capital is not taxable but reduces a shareholder's tax basis in their shares. The actual amounts and sources of distributions for accounting and tax reporting purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.

Investors should note that the amounts and sources of distributions reported in this notice are only estimates and are likely to change over time. The actual amounts and sources of distributions for the calendar year will be provided on Form 1099-DIV, which will be mailed to shareholders after the close of the calendar year.

The Fund's Year-to-date Cumulative Total Return for fiscal year 2025 (January 1, 2025 through June 30, 2025) is 3.99%, while the Cumulative Distribution Rate for the same period is 4.82%. Over the five-year period ending June 30, 2025, the Fund's Average Annual Total Return is 7.60%, and the Current Annualized Distribution Rate is 8.27%.

Investors are advised to consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. Detailed information can be obtained from the Fund's most recent periodic reports, which are available on the Securities and Exchange Commission's EDGAR Database.

References:
[1] https://www.marketscreener.com/news/cohen-steers-total-return-realty-fund-inc-rfi-notification-of-sources-of-distribution-under-se-ce7c5fdcd88ef424
[2] https://www.prnewswire.com/news-releases/cohen--steers-total-return-realty-fund-inc-rfi-notification-of-sources-of-distribution-under-section-19a-302517926.html