Cohen & Steers enters $100M ATM equity offering program with BofA Securities

COHEN & STEERS, INC.

ATM Sales Agreement with BofA Securities allows sale of up to $100M of common stock from time to time.
Sales may be made via ordinary brokers' transactions on NYSE or block trades at prevailing market prices.
BofA Securities receives 1.5% commission on gross proceeds; company provides customary indemnification.
Net proceeds intended for general corporate purposes, including seeding track record strategies and investment vehicles.
Company not obligated to sell any shares; agreement can be terminated by either party at any time.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COHEN & STEERS, INC. entered into ATM Equity Offering Sales Agreement with BofA Securities, Inc. valued at $100,000,000 (effective 2024-04-22).

Action: entry
Agreement: atm program
Counterparty: BofA Securities, Inc.
Value: $100,000,000
Effective: 2024-04-22

Exact text from the filing

On April 22, 2024, Cohen & Steers, Inc. (the “Company”) entered into an ATM Equity Offering Sales Agreement (the “Sales Agreement”) with BofA Securities, Inc. (“BofA Securities”), pursuant to which the Company may offer and sell, from time to time, shares of its common stock, par value $0.01 per share (the “Shares”) having an aggregate offering price of up to $100,000,000 through BofA Securities, acting as its agent, or directly to BofA Securities, acting as principal.

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Source: SEC EDGAR

accession 0001193125-24-103768

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