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Cohen & Steers REIT and Preferred and Income Fund, Inc. Announces Updates on Distributions

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has recently released information about its distribution sources, specifically highlighting the details that will pertain to the upcoming payment scheduled for November 29, 2024. This notification serves as crucial information for shareholders, aiming to keep them informed of the financial maneuvers and the fund's ongoing financial status.

In December 2017, the Fund initiated its managed distribution policy, aligned with the exemptions granted by the Securities and Exchange Commission (SEC). The primary goal of this policy is to maximize the Fund's long-term total return potential through consistent monthly distributions that are declared at a set rate for each common share. By doing so, the Fund aims to achieve greater flexibility in realizing long-term capital gains throughout the year. The intention is to distribute these gains to shareholders regularly, thereby enhancing the value of their investment.

However, shareholders should be aware that the Board of Directors of the Fund holds the authority to amend, suspend, or even terminate this managed distribution policy. Such actions could potentially influence the market price of the Fund's shares and, consequently, the value of shareholders' investments.

The specifics concerning the Fund's monthly distributions illustrate that these can comprise various components such as long-term capital gains, short-term capital gains, net investment income, and/or return of capital as per federal income tax regulations. The term 'return of capital' refers to payments made by the Fund that exceed its net investment income and net realized capital gains. This excess is sourced from the Fund's assets, and it's essential to note that a return of capital is not taxable; instead, it reduces a shareholder's tax basis in the Fund's shares.

In addition, distributions derived from the Fund’s investments in real estate investment trusts (REITs) may later be reclassified as capital gains or as returns of capital. This classification will depend on the characteristics of the dividends received by the Fund from the REITs, as reported after the year-end.

The distribution amounts each month may fluctuate based on various factors, including changes in market conditions and portfolio adjustments. To maintain transparency, the Fund commits to providing information regarding the sources of distributions alongside the actual distribution amounts each month. This data will be available on the fund's official website, cohenandsteers.com, and will also be communicated to shareholders in subsequent notices. However, the definitive tax characteristics of the Fund's distributions cannot be established until the end of the calendar year, resulting in potential changes to the originally communicated estimates.

This release also includes estimates for the current distribution and cumulative distributions paid from the beginning of the fiscal year up to the end of November 2024. These estimates are detailed as follows:

Distribution Estimates for November 2024

• - Net Investment Income: $0.1360 per share (100% of current distribution)
• - Net Realized Short-Term Capital Gains: $0.0000 per share (0% of current distribution)
• - Net Realized Long-Term Capital Gains: $0.0000 per share (0% of current distribution)
• - Return of Capital: $0.0000 per share (0% of current distribution)

Year-to-Date (YTD) Distribution Overview

• - Total YTD (up to November 30, 2024):

- Net Investment Income: $1.4960 per share (100% of 2024 distributions)
- Net Realized Short-Term Capital Gains: $0.0000 per share (0% of 2024 distributions)
- Net Realized Long-Term Capital Gains: $0.0000 per share (0% of 2024 distributions)
- Return of Capital: $0.0000 per share (0% of 2024 distributions)

Investors are advised not to make any assumptions about the Fund’s investment performance based solely on distribution amounts or the managed distribution policy. The reported estimates are subject to change and do not account for tax reporting purposes. Final figures concerning accounting and tax reporting will be determined based on the Fund’s investment performance throughout the remainder of the fiscal year and could be adjusted according to tax regulations.

Cohen & Steers REIT and Preferred and Income Fund, Inc. also released its Year-to-date cumulative total return for the fiscal year 2024 and the average annual total return over a five-year period. As of October 31, 2024, the Year-to-date cumulative total return stood at 14.00%, while the cumulative distribution rate for 2024 was 6.74%.

For more detailed reports and updates, shareholders are encouraged to refer to the recent periodic reports available through financial advisors or on the Securities and Exchange Commission’s (SEC) EDGAR Database. These resources will provide valuable insights that can assist in making informed investment decisions going forward. In particular, it's crucial for shareholders to await receipt of their annual Form 1099-DIV, which will provide all needed information for reporting funds distributions for tax purposes.

In closing, Cohen & Steers continues its commitment to transparency with its shareholders as it manages investment strategies that align with long-term goals and value generation. For more information about the Fund, including updates and performance insights, please visit their official website: cohenandsteers.com.