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Cohen & Steers REIT Fund's November 2025 Distribution Overview

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE: RNP) has issued an important notice regarding its distribution policies and financial performance, particularly focusing on the upcoming distribution scheduled for November 28, 2025. This communication aims to clarify the various components of the distribution, thus allowing shareholders to make informed decisions regarding their investments.

In December 2017, the fund adopted a managed distribution policy in compliance with the Securities and Exchange Commission's exemptive relief. This strategic approach is designed to deliver consistent monthly contributions to its shareholders, which are declared at a fixed rate for each common share. By implementing this policy, the Fund can capitalize on long-term capital gains throughout the fiscal year, ensuring these gains are distributed to shareholders on a systematic basis each month.

It is crucial to note that while the policy benefits shareholders through regular income, it can also be amended or suspended by the Board of Directors, which might affect the market price of the Fund's shares adversely. Currently, the distribution from the Fund’s investments may comprise various elements: long-term capital gains, short-term capital gains, net investment income, or a return of capital. Specifically, a portion of the current month’s distribution is attributed to the return of capital, which, while not taxable, can influence an investor's tax basis in the shares they own.

Breakdown of November 2025 Distributions

The following characteristics of the November distribution highlight how the funds will be allocated:

• - Net Investment Income: $0.0678 per share (49.86% of the total distribution)
• - Return of Capital: $0.0682 per share (50.14% of the total distribution)
• - Total Current Distribution: $0.1360 per share

This distribution reflects the ongoing strategies employed by the Fund to balance current income with capital appreciation potential. The cumulative distributions paid since the beginning of the fiscal year until November 30, 2025, have been confirmed as well, with year-to-date amounts totaling $1.4960 per share.

Performance Insights

For the fiscal year 2025 thus far, the Fund has reported a year-to-date cumulative total return of 6.33%, juxtaposed against a cumulative distribution rate of 7.12%. In addition, for the five-year period concluding on October 31, 2025, the average annual total return stood at 8.10%. These figures underscore not just the effectiveness of the Fund’s managed distribution policy but also the robust financial management strategies employed by Cohen & Steers.

Despite these positive indicators, stakeholders are advised to consider that the amounts distributed may vary based on portfolio performance and alterations in the broader market conditions.

For tax record purposes, shareholders will receive a Form 1099-DIV after the calendar year, which will detail how these distributions should be reported for federal income tax purposes. Since exact tax characterizations of distributions may fluctuate post-year-end, the information provided in this summary should not be misconstrued as definitive tax guidance. Investors should also carefully assess the investment objectives and risks associated with the Fund before making any investment decisions.

About Cohen & Steers

Founded in 1986, Cohen & Steers is a global investment management firm that specializes in real assets and alternative income strategies. With offices in major financial hubs like New York City, London, and Tokyo, Cohen & Steers aims to deliver exceptional investment solutions across various asset classes, including real estate and infrastructure, catering to the evolving needs of investors worldwide.

For more detailed insights and updates, shareholders are encouraged to visit cohenandsteers.com, where more information about investment performance and distribution strategies can be found.