Core Viewpoint - The press release provides shareholders of Cohen & Steers Infrastructure Fund, Inc. with details regarding the distribution sources for March 31, 2026, and cumulative distributions for the fiscal year to date [1]. Distribution Policy - The Fund has a managed distribution policy since March 2015, 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 Sources - 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 includes distributions exceeding net investment income and net realized capital gains, which reduces a shareholder's tax basis in their shares [3]. Distribution Estimates - For March 2026, the total current distribution per share is $0.1550, with the following breakdown: - Net Investment Income: $0.0728 (46.97%) - Net Realized Short-Term Capital Gains: $0.0074 (4.77%) - Net Realized Long-Term Capital Gains: $0.0650 (41.94%) - Return of Capital: $0.0098 (6.32%) [5]. - Year-to-date cumulative distributions amount to $0.4650 per share, with similar source percentages [5]. Performance Metrics - The Year-to-date Cumulative Total Return for the fiscal year 2026 (January 1, 2026, to February 28, 2026) is 16.31%, while the Cumulative Distribution Rate is 1.58% [8]. - The Average Annual Total Return for the five-year period ending February 28, 2026, is 12.55%, with a Current Annualized Distribution Rate of 6.32% [9]. Company Overview - Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, and commodities [10].

Fundrise Growth Tech Fund, LLC (NYSE:VCX) is one of Jim Cramer’s stock calls while he discussed the confusion surrounding the Trump-Iran conflict. Cramer mentioned the company during the episode and stated: The Fundrise Innovation Fund… is invested in 28 different companies. And even if you just look at the top 10 holdings, you see a much more desirable list of companies… See, there’s one big difference between the public launches of the Robinhood Fund and the Fundrise Fund… The Fundrise Innovation Fund… d ...

Core Viewpoint - Killam Apartment REIT is a Canadian multi-residential REIT focused on Eastern Canada, currently trading at a significant discount to its Net Asset Value (NAV) and offering a 4.5% dividend yield, with expectations for continued growth in Adjusted Funds From Operations [1] Group 1 - Killam Apartment REIT specializes in multi-residential properties in Eastern Canada [1] - The REIT is currently priced at a notable discount to its NAV [1] - It offers a dividend yield of 4.5% [1] - The company is anticipated to experience growth in Adjusted Funds From Operations [1]

Financial Data and Key Metrics Changes - Rental income for Q4 2025 was $11 million, down from $11.7 million in the prior year, primarily due to lease expirations [8] - Adjusted funds from operations (AFFO) decreased to $4 million from $4.1 million year-over-year, with AFFO per share dropping from $0.37 to $0.32 [9] - Interest expense increased by $1.1 million compared to the same quarter in 2024, mainly due to amortization of off-market interest rate swaps [10] - As of December 31, 2025, total cash and cash equivalents were $14.4 million, with $30 million available to draw on the revolver [10] Business Line Data and Key Metrics Changes - The decrease in rental income was attributed to the expiration of leases with Costco and Solar Turbines, impacting cash rents [8] - The company plans to market the San Diego property for sale upon receiving city approval for a lot split [8] Market Data and Key Metrics Changes - The company noted a disconnect between private and public real estate valuations, with public REITs trading at a discount [37] - The current market environment is characterized by volatility in interest rates, affecting buyer and seller confidence [19][40] Company Strategy and Development Direction - The company aims to recycle non-core assets, particularly in the office sector, and is focused on acquiring manufacturing industrial properties [20][28] - The strategy includes extending leases where possible and cleaning up the portfolio to enhance value for shareholders [27][30] - The company is cautious about asset sales, ensuring that any transactions align with investor interests and market conditions [54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term recovery of REITs, despite current market challenges [19] - The company is committed to maintaining its dividend and believes that a stable market environment will present more acquisition opportunities [65] - Management highlighted the importance of patience in navigating the current economic landscape and emphasized the value of their portfolio [41][63] Other Important Information - The company is in the process of finalizing a sale of an office property in Melbourne, Florida, with earnest money already secured [69] - The operational costs associated with the former Calera property were approximately $20,000-$30,000 per month, which will cease following its sale [74] Q&A Session Summary Question: Reasons for not pursuing a recent acquisition offer - Management indicated that they did not see a secure path forward in the discussions and prioritized protecting investor interests [15][16] Question: Expectations for asset recycling in 2026 - Management expects to increase asset recycling efforts, although current market conditions present challenges for both buyers and sellers [19][20] Question: Timeline for achieving a pure play manufacturing industrial portfolio - Management believes a 24-month timeline is realistic for achieving this goal, contingent on market stability and the availability of suitable assets [46] Question: Interest in the company as an acquisition target - Management noted that the persistent discount of public REITs to private real estate has attracted interest, alongside the company's asset recycling efforts [49][52] Question: Terms of the Melbourne office sale - Management confirmed that terms are known but will remain confidential until the deal closes, with earnest money already secured [69][70]

Financial Data and Key Metrics Changes - Rental income for Q4 2025 was $11 million, down from $11.7 million in the prior year, primarily due to lease expirations [7] - Adjusted funds from operations (AFFO) decreased to $4 million from $4.1 million year-over-year, with AFFO per share dropping from $0.37 to $0.32 [8] - Interest expense increased by $1.1 million compared to Q4 2024, mainly due to amortization of off-market interest rate swaps [10] - Total cash and cash equivalents as of December 31, 2025, were $14.4 million, with $30 million available to draw on the revolver [10] Business Line Data and Key Metrics Changes - The decrease in rental income was attributed to the expiration of leases with Costco and Solar Turbines [7] - The company plans to market the San Diego property for sale upon receiving city approval for a lot split [7] Market Data and Key Metrics Changes - The company noted a challenging environment for asset recycling due to fluctuating interest rates affecting buyer and seller confidence [20] - The current market conditions have led to a tighter pricing environment compared to a year ago, with cap rates tightening [39] Company Strategy and Development Direction - The company aims to recycle non-core assets, particularly in the office sector, and is focused on selling properties that do not fit its long-term strategy [21][24] - The strategy includes a phased approach to asset recycling, with a focus on acquiring high-quality manufacturing properties [31] - The company is committed to maintaining a solid portfolio and is exploring opportunities to extend leases with existing tenants [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for future acquisitions and the ability to clean up the portfolio to enhance value [62] - The leadership believes that the timeline to achieve a 100% pure play manufacturing industrial portfolio remains realistic within 24 months, contingent on market stability [45] - Management acknowledged the current volatility in the macroeconomic environment but sees opportunities for growth and value extraction [40][55] Other Important Information - The company is in the process of selling an office property in Melbourne, Florida, with earnest money of over $400,000 already secured [70] - The operational costs associated with the former Calera property were approximately $20,000-$30,000 per month, which will cease following its sale [74] Q&A Session Summary Question: Reasons for not pursuing a recent acquisition offer - Management indicated that they did not see a secure path forward in the discussions and prioritized protecting investor interests [15][16] Question: Expectations for asset recycling in 2026 - Management stated that asset recycling efforts would pick up, but current market conditions make it challenging for both buyers and sellers [20] Question: Timeline for achieving a pure play manufacturing portfolio - Management affirmed that the 24-month timeline is realistic, depending on market conditions and the availability of suitable assets [45] Question: Factors attracting interest as an acquisition target - Management noted that the persistent discount of public REITs to private real estate has led to increased interest in their portfolio [49][55] Question: Terms of the Melbourne office sale - Management confirmed that the terms are confidential until the deal closes, but earnest money has been secured [70] Question: Operational costs of the former Calera property - Management provided that the operational costs were around $20,000-$30,000 per month, which will no longer be incurred post-sale [74]

Core Viewpoint - Torrent Capital Ltd. reported a decline in its Net Asset Value (NAV) for February 2026, reflecting broader market weaknesses, particularly in the software sector [2][3]. Financial Performance - As of February 28, 2026, the estimated NAV was $30.0 million, or approximately $0.78 per share, down from $32.9 million (or $0.86 per share) at January 31, 2026 [1][2]. - Cash and cash equivalents decreased to $1.3 million from $1.6 million during the same period [2]. Performance Drivers - The decline in NAV was attributed to valuation changes across the portfolio amid a period of broader market weakness [2]. - The CEO emphasized a focus on disciplined capital allocation and long-term growth, while selectively repositioning the portfolio in response to market conditions [3]. Company Overview - Torrent Capital is a publicly traded Investment Issuer that actively manages a portfolio of public equities and private investments, aiming for above-market returns while maintaining transparency and liquidity [5].

Core Insights - The multifamily REIT sector has experienced significant price declines, with the average P/FFO ratio dropping from over 28x to much lower levels, indicating a potential opportunity for value investors [1][9][10] - The current market conditions suggest that multifamily REITs are trading at an average discount of 28% to their Net Asset Value (NAV), which may attract interest from institutional investors [10][11] - Share buyback activities have been noted among several REITs, indicating management's belief in the undervaluation of their stocks [13][15] Market Performance - The multifamily sector has seen a decline in total returns, with many companies reporting negative performance over various time frames [2] - The average P/AFFO ratios for major players like AvalonBay and Camden Property Trust have been cut significantly, reflecting the overall market downturn [9][10] - The market pricing as of March 20, 2026, shows a mean price/AFFO estimate of 16.2, indicating a compression in earnings multiples across the sector [8] Investment Opportunities - Companies like NexPoint Residential and BRT Apartments are highlighted as potential acquisition targets due to their trading at less than 60% of consensus NAV [11][12] - The absence of new apartment supply in the market is expected to improve operational metrics for these companies over time, making them attractive for long-term investment [16][17] - The current pricing environment is viewed as opportunistic for value investors, with many multifamily REITs now presenting a more favorable entry point for capital deployment [16][17]

Core Viewpoint - Canadian Apartment REIT (CAPREIT) is currently trading at a significant discount to its analyst-estimated Net Asset Value (NAV), presenting a potential buying opportunity for investors [1]. Group 1: Company Overview - CAPREIT is recognized as Canada's largest multi-residential Real Estate Investment Trust (REIT) [1]. Group 2: Investment Opportunity - The current trading price of CAPREIT is at a record discount compared to the NAV estimated by analysts, indicating a favorable entry point for potential investors [1].

Core Viewpoint - PIMCO Access Income Fund (NYSE: PAXS) is rated as a Buy for income-focused investors seeking long-term buy-and-hold investments, currently trading at a discount to its Net Asset Value (NAV) [1] Group 1 - PIMCO Access Income Fund is a closed-end fund that offers potential investment opportunities for income-focused investors [1] - The fund is currently trading at a discount to its Net Asset Value, indicating a potential buying opportunity [1] Group 2 - The article is authored by David A. Johnson, who has over 30 years of investment experience and holds advanced degrees in finance and business administration [1] - The author has a beneficial long position in PAXS and other related funds, indicating a personal investment interest [2]

Company Overview - Eagle Point Credit Company Inc. (NYSE:ECC) is a closed-end fund that primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs), which are structured credit products pooling cash-flow-generating assets like loans [1] Insider Activity - On March 18, 2026, Ko Daniel W., the Senior Principal and Portfolio Manager of ECC, purchased 57,165 shares of ECC's common stock at $3.50 per share, increasing his total holdings to 82,665 shares, indicating confidence in the company's future prospects despite recent market price declines [2][6] Stock Performance - ECC's stock is currently priced at $3.51, reflecting a 2.77% decrease today with a $0.10 drop, and has fluctuated between $3.48 and $3.64 during the day's trading; over the past year, the stock has seen a high of $8.35 and a low of $3.48, indicating significant volatility [3] - The market capitalization of ECC is approximately $459.2 million, with a trading volume of 1,525,803 shares [3] Net Asset Value (NAV) Analysis - Despite the decline in market price, ECC's Net Asset Value (NAV) returns remain consistent with historical CLO equity performance, with the difference between market price returns and NAV returns attributed to changes in premium/discount levels of closed-end funds rather than the performance of underlying assets [4][6] Investment Strategy - Historically, active rotation within closed-end funds, such as buying at significant discounts and selling at premiums, has been a strategy to generate alpha and reduce losses, particularly useful in volatile market conditions as seen in ECC's recent performance [5]