CNSREIT-AR-2024 Final - Flipbook - Page 102
Share Repurchase Plan
The Company has adopted a share repurchase plan whereby, on a monthly basis, stockholders may request that the
Company repurchase all or any portion of their shares. The Company may choose to repurchase all, some or none of the
shares that have been requested to be repurchased at the end of any particular month, in its discretion, subject to any
limitations in the share repurchase plan. The Class P shares, including the Class P shares held by Cohen & Steers and its
affiliates, are not eligible for repurchase pursuant to our share repurchase plan until March 1, 2025. From March 1, 2025,
Class P shares will be eligible for repurchase pursuant to our share repurchase plan as described below. The total amount of
aggregate repurchases of Class P, Class T, Class S, Class D, Class I, Class F-T, Class F-S, Class F-D and Class F-I shares
will be limited to 2% of the aggregate NAV per month and 5% of the aggregate NAV per calendar quarter. The Company
will only repurchase Class P shares, or other shares, held by Cohen & Steers after all other stockholder repurchase requests
have been processed. Shares will be repurchased at a price equal to the transaction price on the applicable repurchase date,
except shares that have not been outstanding for at least one year would be repurchased at 95% of the transaction price (the
