Cohen & Steers Reit & Preferred & Income Fund INC: directors' dealings · United States · SEC (Form 4)

About Cohen & Steers Reit & Preferred & Income Fund INC

Cohen & Steers REIT & Preferred & Income Fund Inc. (RNP) is a U.S.-listed closed-end fund traded on the NYSE in the United States. From an analyst’s perspective, it is not an operating company in the traditional sense, but an income-oriented investment vehicle within the asset management ecosystem. RNP is part of the Cohen & Steers platform, a specialist manager founded in 1986 in New York City and widely recognized for its long-standing focus on real assets and alternative income strategies. For European investors, the fund is best understood as a listed vehicle designed to combine real estate exposure with preferred securities exposure. The fund’s primary investment objective is high current income through investment in real estate and diversified preferred securities. Its secondary objective is capital appreciation. In practical terms, RNP seeks to allocate capital across REIT-related common equities and preferred securities, creating a hybrid profile that sits between listed real estate and income-focused capital structure instruments. That mix is central to the fund’s appeal: it offers exposure to the income potential of real estate securities while adding a preferred-securities sleeve that can enhance yield and diversify the portfolio relative to conventional equity or bond mandates. RNP’s competitive position is closely tied to the Cohen & Steers franchise. The parent company has a differentiated history in listed real estate, preferred securities and other real-asset income strategies, and it presents itself as a leading global investment manager specializing in listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. That specialization matters in a fund like RNP, where security selection, sector allocation and income generation are key. Compared with more generalist closed-end funds, RNP benefits from a manager with deep research capabilities in REITs and preferreds, two markets with distinct fundamentals, valuation drivers and income characteristics. Geographically, the fund’s core exposure is primarily to U.S. real estate companies and preferred issuers, although its mandate also allows investment in preferred securities issued by U.S. and non-U.S. companies. Cohen & Steers itself is headquartered in New York City, United States, and has an international footprint with offices in London, Dublin, Hong Kong, Tokyo and Singapore. This global platform supports research coverage and access to markets beyond the domestic U.S. opportunity set. Recent fund communications in 2025 highlight the ongoing use of distribution notices and managed-income disclosures. A recent factsheet indicated that, as of July 31, 2025, the fund reported a year-to-date cumulative total return of 4.52% on NAV and a current annualized distribution rate of 7.75% on NAV, underscoring its income-focused positioning. The firm also continued to emphasize its broader leadership in alternative income and real assets. Overall, RNP remains a niche but recognizable NYSE-listed income vehicle for investors seeking a blend of REIT exposure, preferred securities and regular distributions in the United States market.