# Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ldp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Cohen & Steers · Asset class: Bond - Strategy: Actively Managed · Inception: 2012-07-30 The Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) is a closed-end investment vehicle dedicated to fixed income, initially established by Cohen & Steers, Inc., and now managed by Cohen & Steers Capital Management, Inc. This U.S.-domiciled fund, which commenced operations on May 1, 2012, pursues investment opportunities across global fixed income markets. Its strategy involves allocating capital primarily to companies within the financial industry, including banks, diversified financial services, real estate, and insurance sectors. The portfolio predominantly comprises... ## Key Facts | Metric | Value | |---|---| | Price | $19.06 | | Expense Ratio | 3.67% | | Market Value | $554.2M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 8.25% | | Annual Distribution (TTM) | $1.57 /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.53 – $22.05 | | Beta | 0.76 | ## Latest Distribution - Amount: $0.1310 /share - Ex-date: 2026-10-13 - Pay date: 2026-10-30 ## Next Distribution (Declared) - Amount: $0.1310 /share - Ex-date: 2026-11-10 - Pay date: 2026-11-30 ## Frequently Asked Questions ### What does LDP invest in? The Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) is a closed-end investment vehicle dedicated to fixed income, initially established by Cohen & Steers, Inc., and now managed by Cohen & Steers Capital Management, Inc. This U.S.-domiciled fund, which commenced operations on May 1, 2012, pursues investment opportunities across global fixed income markets. Its strategy involves allocating capital primarily to companies within the financial industry, including banks, diversified financial services, real estate, and insurance sectors. The portfolio predominantly comprises a diverse range of preferred securities, such as floating-rate, fixed-to-floating-rate, traditional, and hybrid-preferred instruments, in addition to various debt and convertible securities. The fund employs derivatives, like interest rate swaps, to facilitate its investment objectives. Portfolio construction is grounded in fundamental analysis, with a keen focus on assessing the credit quality of issuers and responding to prevailing market dynamics. The fund measures its performance against two benchmarks: the BofA Merrill Lynch Capital Securities Index, and a composite index consisting of 75% BofA Merrill Lynch Capital Securities Index and 25% BofA Merrill Lynch 7% Constrained Adjustable Rate Preferred Securities Index. ### What is the expense ratio of LDP? Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) charges an expense ratio of 3.67%. This is the annual fee deducted from fund assets to cover management and operations. ### What is LDP's dividend yield? LDP's trailing-twelve-month yield is 8.25%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of LDP? Effective duration measures LDP's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LDP's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of LDP? LDP's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of LDP? Yield to maturity (YTM) is the total return you'd earn from LDP if every bond in the portfolio is held to maturity at the current price. LDP's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does LDP pay a dividend? Yes, Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) distributes dividends to shareholders. The trailing-twelve-month yield is 8.25%. Full dividend history is on this page. ### How often does LDP pay dividends? Cohen & Steers Limited Duration Preferred and Income Fund, Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is LDP's next ex-dividend date? The most recently announced ex-dividend date for LDP was 2026-12-08. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will LDP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.67% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LDP charge its expense ratio? The expense ratio is deducted in tiny daily slices from LDP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LDP cost more than a fund like VOO? LDP is actively managed (current expense ratio 3.67%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether LDP's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LDP? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as LDP (3.67%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ldp - Distribution history: https://www.dividenddata.com/funds/ldp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ldp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ldp/expenses - Peer comparison: https://www.dividenddata.com/funds/ldp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.