Compensation Trends - US family offices are offering record salaries to top money managers [1] Industry Growth - Private investment firms catering to the ultra-rich are experiencing growth and increased professionalization [1]

Core Insights - DPRG IM is a management-owned partnership with over 50 years of experience in real estate and financial markets, focusing on understanding industries and investment cycles [1] - The company aims to manage real estate equity that is often underutilized, providing a product that addresses the need for better management of real estate equity [1] - DPRG IM has developed a Leveraged Long Only Absolute Return Strategy (LLARS) that prioritizes regular income while aiming for long-term growth, making it suitable for commercial real estate owners [1] Company Overview - DPRG IM originated from DPRG's private equity business and has established a track record in managing released funds for several years [1] - The company has built strong banking relationships to finance European and UK real estate, adapting to country-specific pricing and terms [1] - The management team is based in Nicosia, Cyprus, with additional presence in London, Monaco, and Dubai & Abu Dhabi [1] Investment Strategy - LLARS focuses on providing regular income on a quarterly basis, which is beneficial for servicing debt payments and maintenance costs [1] - The strategy enhances rental and free cash flow streams for commercial real estate owners without correlating to the asset's operations [1] - DPRG IM also offers legal, taxation, and cross-jurisdiction expertise to optimize capital efficiency for clients [1] Regulatory Compliance - DPRG IM is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with License No. 454/25 [1]

Core Viewpoint - The press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. with details regarding the distribution to be paid on September 30, 2025, and cumulative distributions for the fiscal year to date [1] Distribution Policy - The Fund has a managed distribution policy implemented in December 2021, aiming to deliver long-term total return potential through regular monthly distributions at a fixed rate per common share [2] - This policy allows the Fund to realize long-term capital gains throughout the year and distribute them regularly, although it can be amended or suspended by the Board of Directors [2] Distribution Sources - Monthly distributions may include 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 Estimates - For September 2025, the estimated distribution per share is $0.0870, with the following breakdown: - Net Investment Income: $0.0069 (7.93%) - Net Realized Short-Term Capital Gains: $0.0000 (0.00%) - Net Realized Long-Term Capital Gains: $0.0299 (34.37%) - Return of Capital: $0.0502 (57.70%) [7] Year-to-Date Performance - The Fund's Year-to-Date Cumulative Total Return for fiscal year 2025 (January 1, 2025, through August 31, 2025) is 11.87%, with a Cumulative Distribution Rate of 6.19% [10] - The Average Annual Total Return for the five-year period ending August 31, 2025, is 10.65%, with a Current Annualized Distribution Rate of 8.25% [11] Tax Reporting - Final tax characteristics of the Fund's distributions will be provided on Form 1099-DIV after the close of the calendar year [4][8] - Shareholders should not use the information provided for tax return preparation, as they will receive a Form 1099-DIV indicating how to report distributions for federal income tax purposes [12] 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 [13]

Core Viewpoint - The press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. with details regarding the distribution to be paid on September 30, 2025, and cumulative distributions for the fiscal year to date [1]. Distribution Policy - The Fund has a managed distribution policy since December 2011, aiming to deliver long-term total return through regular monthly distributions at a fixed rate per common share, allowing for greater flexibility in realizing and distributing long-term capital gains [2]. - The Board of Directors can amend, terminate, or suspend this policy at any time, which may 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. Return of capital reduces a shareholder's tax basis in their shares [3]. - The amount of monthly distributions can vary based on portfolio changes and market conditions [3]. Distribution Estimates - For September 2025, the estimated distribution per share is $0.0800, with the following breakdown: - Net Investment Income: $0.0449 (56.13%) - Net Realized Short-Term Capital Gains: $0.0000 (0.00%) - Net Realized Long-Term Capital Gains: $0.0351 (43.87%) - Return of Capital: $0.0000 (0.00%) - Cumulative distributions for the fiscal year to date total $0.7200 per share [7]. Performance Metrics - The Year-to-date Cumulative Total Return for the fiscal year 2025 (January 1, 2025, to August 31, 2025) is 5.53%, while the Cumulative Distribution Rate is 6.20% [10]. - The Average Annual Total Return for the five-year period ending August 31, 2025, is 6.64%, with a Current Annualized Distribution Rate of 8.26% [11]. Tax Reporting - Shareholders will receive a Form 1099-DIV for the calendar year, detailing how to report distributions for federal income tax purposes [12]. Company Overview - Cohen & Steers is a global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, and commodities [13].

Core Viewpoint - The press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. with details regarding the distribution to be paid on September 30, 2025, and cumulative distributions for the fiscal year to date [1] Distribution Policy - The Fund has a managed distribution policy since December 2017, aiming to deliver long-term total return potential through regular monthly distributions at a fixed rate per common share [2] - This policy allows the Fund to realize long-term capital gains throughout the year and distribute them regularly, although it can be amended or terminated by the Board of Directors [2] Distribution Sources - Monthly distributions may include 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 Estimates - For September 2025, the estimated distribution per share is $0.1360, with 85.08% from net investment income and 14.92% from return of capital [6] - Year-to-date distributions total $1.2240 per share, with 71.60% from net investment income and 28.40% from return of capital [6] Tax Reporting - Final tax characteristics of the Fund's distributions will be provided on Form 1099-DIV after the end of the calendar year [4][7] Fund Performance - The Year-to-date Cumulative Total Return for fiscal year 2025 is 6.48%, with a Cumulative Distribution Rate of 5.74% [9] - The Average Annual Total Return for the five-year period ending August 31, 2025, is 7.26%, and the Current Annualized Distribution Rate is 7.66% [9]

Core Viewpoint - The press release provides shareholders of Cohen & Steers Quality Income Realty Fund, Inc. with details regarding the distribution to be paid on September 30, 2025, and cumulative distributions for the fiscal year to date [1] Distribution Policy - The Fund has a managed distribution policy since December 2012, aiming to deliver long-term total return potential through regular monthly distributions at a fixed rate per common share [2] - This policy allows the Fund to realize long-term capital gains throughout the year and distribute them regularly, although it can be amended or suspended by the Board of Directors [2] Distribution Sources - Monthly distributions may include 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 Estimates - For September 2025, the estimated distribution per share is $0.0800, with the following breakdown: - Net Investment Income: $0.0542 (67.75% of current distribution) - Net Realized Short-Term Capital Gains: $0.0000 (0.00%) - Net Realized Long-Term Capital Gains: $0.0258 (32.25%) - Return of Capital: $0.0000 (0.00%) [7] Year-to-Date Performance - Year-to-date cumulative total return for fiscal year 2025 (January 1, 2025, to August 31, 2025) is 6.27% [10] - Cumulative distribution rate for the same period is 5.56% [10] Five-Year Performance - Average annual total return for the five-year period ending August 31, 2025, is 8.58% [11] - Current annualized distribution rate for 2025 is 7.41% [11] Tax Reporting - Shareholders will receive a Form 1099-DIV for the calendar year to report distributions for federal income tax purposes [8][13]

Core Viewpoint - The press release provides shareholders of Cohen & Steers Infrastructure Fund, Inc. with details regarding the distribution to be paid on September 30, 2025, 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 right 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 reduces a shareholder's tax basis in their shares and is not taxable [3] Distribution Estimates - For September 2025, the estimated distribution per share is $0.1550, with the following breakdown: - Net Investment Income: $0.0931 (60.06%) - Net Realized Short-Term Capital Gains: $0.0000 (0.00%) - Net Realized Long-Term Capital Gains: $0.0619 (39.94%) - Return of Capital: $0.0000 (0.00%) - Year-to-date cumulative distributions amount to $1.3950 per share [6] Performance Metrics - The Fund's Year-to-date Cumulative Total Return for fiscal year 2025 (January 1, 2025, to August 31, 2025) is 13.76% [9] - The Cumulative Distribution Rate for the same period is 5.40% [9] - The Average Annual Total Return for the five-year period ending August 31, 2025, is 9.96% [9] Fund Overview - Cohen & Steers is a global investment manager specializing in real assets and alternative income, with a focus on various asset classes including infrastructure and resource equities [12]

Core Viewpoint - Apollo Global Management has launched a new investment business focused on providing capital solutions in the global sports sector [4]. Group 1 - The new venture is named Apollo Sports Capital and will be led by Al Tylis, a seasoned investor and executive in the sports industry [4]. - Apollo Sports Capital will primarily focus on investing in credit [5].

Core Points - Neuberger Berman Next Generation Connectivity Fund Inc. has increased its monthly distribution rate to $0.12 per share from $0.10, marking a 20% increase [1] - The new monthly distribution rate translates to an annualized distribution of $1.44 per share, compared to the previous $1.20, resulting in a distribution rate of approximately 9.49% of the Fund's market price and 8.44% of its net asset value as of September 26, 2025 [2] - The Fund plans to maintain this distribution rate of $0.12 per share, subject to market conditions, but its ability to do so will depend on various factors including income stability and capital gains [3][4] Distribution Details - The next monthly distribution at the new rate is payable on October 31, 2025, with a record date of October 15, 2025, and an ex-date of October 15, 2025 [1] - Future distributions may consist of net investment income, net realized capital gains, and return of capital, with notifications provided for any distributions not solely consisting of net investment income [4] Company Overview - Neuberger Berman is an employee-owned, independent investment manager founded in 1939, managing $538 billion across various asset classes for global institutions and individuals [5] - The firm has been recognized as one of the best places to work in money management for eleven consecutive years [5]

Core Insights - Intermediate duration bond funds have performed well this year, with many funds increasing by over 6% [1] - Active ETFs have outperformed in some cases, indicating a strong market for these investment vehicles [1] - Binary Tree Analytics (BTA) focuses on providing transparency and analytics for capital markets instruments, particularly in closed-end funds (CEFs), exchange-traded funds (ETFs), and special situations [1] Company Focus - BTA has a background in investment banking cash and derivatives trading, which informs its analytical approach [1] - The company aims to deliver high annualized returns while maintaining a low volatility profile [1] - BTA has over 20 years of investment experience, supported by a finance major from a top university [1]