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Cohen & Steers REIT and Preferred Income Fund Distribution Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE: RNP) has recently released important information for its shareholders regarding the distribution payouts scheduled for July 31, 2026. This announcement addresses sources of distribution and reflects the current fiscal performance of the Fund thus far in 2026.

The Fund's approach to managing distributions stems from its long-term managed distribution policy introduced in late 2017. This policy was initiated under a special exemption from the Securities and Exchange Commission and aims to present a consistent total return through regular monthly payouts, outlined as fixed rates per common share.

Understanding the Managed Distribution Policy

The managed distribution policy enhances the Fund’s ability to adapt to long-term capital gains trends. It allows for a flexible distribution schedule, enabling the Fund to yield returns more frequently while providing necessary financial support to its shareholders. That said, the Board of Directors retains the authority to modify or suspend this policy, which could influence market perceptions regarding the Fund's share prices.

Distribution Sources and Allocations

According to the July 2026 distribution estimates, shareholders can expect the distribution primarily sourced from long-term capital gains, fully accounting for 100% of the payouts. In contrast, there are no contributions from net investment income or returns of capital for this period. Specific figures indicate a total distribution of $0.1360 per share for July, with cumulative distributions for the year reaching $0.9520 per share. This disbursement will help investors understand how the Fund's performance influences their returns.

It’s important to recognize that the distribution amounts can fluctuate due to varying market conditions and shifts within the portfolio. Consequently, the nature of distributions can also change as the calendar year concludes, with finalized tax characteristics reported post-year-end on Form 1099-DIV.

Investment Performance Metrics

In terms of financial performance, the Fund has shown a Year-to-date Cumulative Total Return of 10.65% for the fiscal year 2026 (January 1, 2026, through June 30, 2026). Additionally, its cumulative distribution rate for the same period stands at 4.34%. Over a longer period, the average annual total return has been 4.57%, while the current annualized distribution rate is reported at 7.44%.

It should be noted that these performances are based on the Fund’s net asset value (NAV), which reflects the current market value of its assets after accounting for liabilities. While NAV growth is an indicator of the Fund’s operational success, the actual return to shareholders hinges on market demand and supply dynamics.

Projections and Shareholder Considerations

Shareholders should approach these distribution notices with clarity regarding their tax implications and investment strategy. The figures provided serve as estimates, and the final attributes concerning accounting and taxation will depend on the Fund’s investment results as the fiscal year draws to a close. Investors are encouraged to assess the implications of this distribution structure carefully and review their tax responsibilities, as an annual Form 1099-DIV will provide guidance for tax reporting purposes.

In conclusion, Cohen & Steers reinforces its commitment to transparency regarding distribution sources and fiscal performance, equipping shareholders with the necessary information to navigate their investments effectively. As always, aligning investment objectives with market realities will be essential for maintaining fruitful engagement with the Fund's operations.

For further details, please keep an eye on the regular updates at cohenandsteers.com and await notifications sent to shareholders accordingly.