Cohen & Steers REIT and Preferred Income Fund, Inc.

Frequently Asked Questions About RNP

What does RNP invest in?

Cohen & Steers REIT and Preferred Income Fund, Inc. is a closed-ended balanced mutual fund launched by Cohen & Steers Inc. It is managed by Cohen & Steers Capital Management, Inc. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts. For its fixed income portfolio, the fund typically invests in debt and preferred securities of companies operating across diversified sectors. It employs fundamental analysis to create its fixed income portfolio with a focus on the issuer’s creditworthiness, corporate and capital structure, placement of the preferred or debt securities within that structure, momentum and other exogenous signals, and relative value versus other income security classes and for its equity portfolio also it employs fundamental analysis to create its portfolio with a focus on growth potential, earnings estimates, and the quality of management. The fund benchmarks the performance of its portfolio against the FTSE NAREIT Equity Index, S&P 500 Index, Merrill Lynch Fixed Rate Preferred Index, and FTSE NAREIT Equity REIT Index. It was formerly known as Cohen & Steers REIT & Preferred Balanced Income Fund. Cohen & Steers REIT and Preferred Income Fund, Inc. was formed on June 27, 2003 and is domiciled in the United States.

What is the expense ratio of RNP?

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) charges an expense ratio of 3.37%. This is the annual fee deducted from fund assets to cover management and operations.

What is RNP's dividend yield?

RNP's trailing-twelve-month yield is 8.85%, calculated from the sum of dividends over the past year divided by the current price.

How big is RNP?

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) manages $885.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RNP actively managed or an index fund?

RNP is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (RNP's is 3.37%) because there's no security selection cost.

When was RNP launched?

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) launched in June 2003 and is managed by Cohen & Steers.