Cohen & Steers REIT and Preferred and Income Fund

RNP

Market cap $974M

The S&P 500 offers a meager 1.1% yield, along with a roller-coaster ride on a regular basis. Most retirees do not like the idea of raising income by selling shares. The article presents a diversified, three-bucket retirement portfolio targeting 5.5%-6% income and 10%+ annualized growth over 10-15 years. Backtesting shows the combined model portfolio would have delivered 14% annualized returns since 2008, outperforming the S&P 500's 10.9%.

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 9.25% 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.

NEW YORK , Dec. 18, 2025 /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 December 31, 2025 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.

This article presents a diversified, fund-based portfolio targeting market-matching growth and a 6%+ income yield, with lower tech exposure than the S&P 500. The model portfolio, comprising 5 ETFs and 6 CEFs, emphasizes asset class diversification—spanning blue-chip dividends, tech, real estate, gold, materials, energy, and utilities. The portfolio presented uses ahands-off approach, and it is diversified among many asset classes to be able to withstand different economiccycles in the next 10 years.

Preferred equity offers stable income – senior to common stock. Mixing preferred and common equity amplifies the benefits of both. Term preferreds eliminate risk with a guaranteed maturity date.

Last time around RQI offered a clear relative value over RNP, generating significant alpha for those who switched. We review the REIT sector and comment on the chart making its way around the internet. We also review our earlier suggested trade and tell you when we might buy one or both of these funds.

NEW YORK , Nov. 26, 2025 /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 November 28, 2025 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.

Year-to-date returns across the REIT market varied remarkably, with large gains from non-U.S. REITs and U.S. healthcare REITs, while U.S. residential and data center sectors were notable laggards. In the last three years, there have been two major forces impacting the performance of equity markets and real estate. Today's public REIT market looks a lot different than what most investors expect. Sectors previously considered niche have grown to be essential in today's economy and society.

RNP has been delivering subpar returns for quite a while. Theoretically, RNP's return prospects look enticing given the falling interest rate environment and its exposure to long-duration assets. Plus, the ~7.7% yield could further enhance the case from the perspective of being rewarded by compelling cash flows, while the thesis works out.

The stock market is the only market where buyers hate low prices. Prices have been low for fixed-income and interest-rate-sensitive investments. With the Fed cut cycle resuming, these prices will be going up.