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

Core Viewpoint - The press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. with details regarding the distribution to be paid on July 31, 2025, and cumulative distributions for the fiscal year to date [1]. Distribution Policy - The Fund has a managed distribution policy since December 2011, allowing for regular monthly distributions at a fixed rate per common share, aimed at delivering long-term total return potential [2]. - The Board of Directors retains the authority to amend, terminate, or suspend this policy, which could negatively impact the market price of the Fund's shares [2]. Distribution Composition - Monthly distributions may consist of long-term capital gains, short-term capital gains, net investment income, and/or return of capital for federal income tax purposes [3]. - Return of capital reduces a shareholder's tax basis in their shares and is not taxable [3]. Distribution Information - Information regarding monthly distributions will be posted on the Fund's website and mailed to shareholders, but final tax characteristics will be determined after the end of the calendar year [4]. Current and Year-to-Date Distribution Estimates - For July 2025, the estimated total current distribution is $0.0800 per share, with the following breakdown: - Net Investment Income: $0.0013 (1.63%) - Net Realized Short-Term Capital Gains: $0.0000 (0.00%) - Net Realized Long-Term Capital Gains: $0.0787 (98.37%) - Return of Capital: $0.0000 (0.00%) [6]. - Year-to-date cumulative distributions total $0.5600 per share, with the following breakdown: - Net Investment Income: $0.1556 (27.78%) - Net Realized Short-Term Capital Gains: $0.0861 (15.38%) - Net Realized Long-Term Capital Gains: $0.3183 (56.84%) - Return of Capital: $0.0000 (0.00%) [6]. Fund Performance Metrics - The Fund's year-to-date cumulative total return for fiscal year 2025 (January 1, 2025, to June 30, 2025) is 3.99%, with a cumulative distribution rate of 4.82% [9]. - The average annual total return for the five-year period ending June 30, 2025, is 7.60%, and the current annualized distribution rate is 8.27% [9][10]. Net Asset Value (NAV) - The Fund's NAV is calculated as the total market value of all securities and assets held minus total liabilities, divided by the total number of shares outstanding [8]. - While NAV performance may indicate investment performance, it does not reflect the value of a shareholder's individual investment, which is determined by the market price based on supply and demand [8].