NEW
YORK, April 22, 2024 /PRNewswire/ -- Cohen
& Steers, Inc. (NYSE: CNS) has offered and sold 1,007,057
shares of its common stock (the "Shares") through its
"at-the-market" equity offering program (the "ATM Program"). The
Shares were offered and sold through BofA Securities, as sales
agent, at an average price per share of $69.60. The expected net proceeds to Cohen &
Steers, after deducting commissions and estimated offering
expenses, are approximately $68.4
million. The sales of the Shares are expected to settle on
April 24, 2024, subject to customary
closing conditions. Cohen & Steers intends to use the net
proceeds for general corporate purposes, including seeding track
record strategies and investment vehicles.
Cohen & Steers will not offer or sell any additional shares
of its common stock under the ATM Program and has terminated the
program pursuant to notice delivered to BofA Securities.
About Cohen & Steers. 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,
commodities, as well as multi-strategy solutions. Founded in 1986,
the firm is headquartered in New York
City, with offices in London, Dublin, Hong
Kong, Tokyo and
Singapore.
Forward-Looking Statements
This press release and
other statements that Cohen & Steers may make may contain
forward looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which reflect the
Company's current views with respect to, among other things, the
Company's operations and financial performance. You can identify
these forward-looking statements by the use of words such as
"outlook," "believes," "expects," "potential," "continues," "may,"
"will," "should," "seeks," "approximately," "predicts," "intends,"
"plans," "estimates," "anticipates" or the negative versions of
these words or other comparable words. Such forward-looking
statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these forward-looking statements. The Company
undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
Website: https://www.cohenandsteers.com
Symbols: NYSE: CNS
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SOURCE Cohen & Steers, Inc.