Cohen & Steers REIT and Preferred and Income Fund

RNP

Market cap $1.01B

We review the CEF market valuation and performance through the first week of April and highlight recent market action. Closed-end funds rebounded, with discounts tightening to historic averages as all sectors finished in the green except MLPs. Gabelli Equity CEF launched an unusual 10:1 rights offering with a fixed subscription price, later reduced to $5, causing discount widening.

The higher yields we choose, the more risks we introduce in our portfolios. Usually, the double-digit level is the tipping point from which the risks start to increase exponentially. The 14%+ yielding zone is very dangerous (packed with many landmines and only few areas of safety).

NEW YORK, March 30, 2026 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the "Fund") with information regarding the sources of the distribution to be paid on March 31, 2026 and cumulative distributions paid fiscal year-to-date. In December 2017, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Paper gains don't pay the bills; real income does. Income investments can fund your lifestyle without dismantling your assets. Financial independence means getting paid, not selling.

Cohen & Steers REIT & Preferred & Income Fund Inc. offers an 8.3% yield, but its distribution is largely fueled by return of capital and capital gains. RNP's leverage (~29% of assets) and upcoming debt refinancings at higher rates threaten net interest income and future distributions. Less than 3% of RNP's yield is supported by income generation; the rest is unsustainable, making the effective yield comparable to VNQ's 3.9%.

NEW YORK, Feb. 26, 2026 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the "Fund") with information regarding the sources of the distribution to be paid on February 27, 2026 and cumulative distributions paid fiscal year-to-date. In December 2017, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers REIT & Preferred & Income Fund offers stability amid market volatility, with a 7.6% dividend yield and monthly payouts. RNP's share price declined 1.6% over twelve months, but total return, including distributions, reached 6.2%, outperforming major indices during recent declines. RNP now trades at a 1.96% discount to NAV, presenting a reasonable entry point for long-term investors seeking lower risk and AI exposure.

Getting annoyed at unpleasant events is counterproductive; preparing for them helps. Income investors are better prepared to handle any economic conditions or financial obligations from a position of strength. We discuss our top monthly payers, with yields of up to 9.5%.

NEW YORK, Jan. 27, 2026 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the "Fund") with information regarding the sources of the distribution to be paid on January 30, 2026 and cumulative distributions paid fiscal year-to-date. In December 2017, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 8.7% yield and -7.5% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.