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Cohen & Steers Fund Announces Distribution Sources for February 2026

The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) is reaching out to its shareholders to detail the sources of its upcoming distribution scheduled for February 27, 2026. This announcement follows the implementation of a managed distribution policy established in December 2017, which aims to maximize the Fund's long-term total returns through regular monthly distributions.

Managed Distribution Policy Insights

The managed distribution policy, authorized by the Securities and Exchange Commission, allows the Fund to distribute capital gains and investment income on a regular basis, thereby providing consistency and predictability for its investors. Such an approach allows the Fund to optimize its long-term capital gains while distributing these to shareholders on a monthly schedule.

The monthly distributions can comprise several components, including long-term capital gains, short-term capital gains, net investment income, and potential returns of capital. The specific breakdown of these components is instrumental for shareholders, particularly for tax reporting purposes. Notably, when capital exceeds the usual net investment income, it leads to a return of capital, which effectively reduces a shareholder's cost basis in their investment, rather than constituting taxable income.

Distribution Breakdown

For February 2026, the distribution per common share is estimated to be as follows:

• - Net Investment Income: $0.0531 (39% of distribution)
• - Net Realized Short-Term Capital Gains: $0.0000 (0% of distribution)
• - Net Realized Long-Term Capital Gains: $0.0257 (19% of distribution)
• - Return of Capital: $0.0572 (42% of distribution)
• - Total Current Distribution: $0.1360

The aforementioned breakdown illustrates the diverse origins of the Fund’s income, emphasizing the importance of regular communication with shareholders regarding how these figures could fluctuate based on market conditions and portfolio adjustments.

Performance Metrics and Returns

From January 1, 2026, through January 31, 2026, the Fund has reported a Year-to-Date Cumulative Total Return of 2.18% and a Cumulative Distribution Rate of 1.30%. Additionally, over the last five years, the Average Annual Total Return stands at 6.43% with a Current Annualized Distribution Rate of 7.79%. These metrics are vital for investors to evaluate the effectiveness of their investments relative to market performance.

Importance of Detailed Communication

Cohen & Steers ensures that shareholders receive regular updates about their investments, particularly at the time of each distribution. Each notice will be made available through the Fund’s official website, and shareholders are encouraged to review this information carefully. It’s also noteworthy that the final tax characteristics of distributions will only be determinable at the end of the calendar year, reported subsequently through a Form 1099-DIV.

Cautionary Statements

Investment decisions should be made with awareness of the potential risks, charges, and expenses involved. Interested shareholders are advised to familiarize themselves with the Fund's most recent regulatory filings via the Securities and Exchange Commission or consult their financial advisors for tailored guidance.

In essence, Cohen & Steers continues to emphasize transparency and strategic management in its dealings, affecting both market performance and the benefits distributed to its shareholders. For further insights, investors may visit their dedicated site at cohenandsteers.com to learn more not only about the Fund but also about broader economic influences affecting real estate investments.

Conclusion

By maintaining consistent communication and outlining the distribution sources and performance metrics, Cohen & Steers is committed to ensuring that its shareholders are well-informed. The February 2026 distribution is aligned with the Fund's overarching strategy aimed at providing greater flexibility and maximizing returns, in an effort to foster long-term relationships with investors.