Cohen & Steers raises $70M from at-the-market equity offering

Cohen & Steers has offered and sold 1,007,057 shares of its common stock through its “at-the-market” equity offering 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.