# Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rnp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Cohen & Steers · Asset class: Equity - Strategy: Passive Index · Inception: 2003-06-25 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 portfol... ## Key Facts | Metric | Value | |---|---| | Price | $18.44 | | Expense Ratio | 3.37% | | Assets Under Management | $885.1M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 8.85% | | Annual Distribution (TTM) | $1.63 /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.01 – $21.88 | | Beta | 1.22 | ## Latest Distribution - Amount: $0.1360 /share - Ex-date: 2026-12-08 - Pay date: 2026-12-31 ## Frequently Asked Questions ### 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. ### Does RNP pay a dividend? Yes, Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) distributes dividends to shareholders. The trailing-twelve-month yield is 8.85%. Full dividend history is on this page. ### How often does RNP pay dividends? Cohen & Steers REIT and Preferred 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 RNP's next ex-dividend date? The most recently announced ex-dividend date for RNP 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 RNP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.37% 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 RNP charge its expense ratio? The expense ratio is deducted in tiny daily slices from RNP'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 RNP cost more than a fund like VOO? RNP is a passive index fund (current expense ratio 3.37%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to RNP? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RNP (3.37%) 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/rnp - Distribution history: https://www.dividenddata.com/funds/rnp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rnp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rnp/expenses - Peer comparison: https://www.dividenddata.com/funds/rnp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.