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Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Distribution Notification

On August 28, 2026, Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) released important information for its shareholders regarding the sources of distribution scheduled for August 31, 2026. This notice aims to keep investors updated on how their distributions are derived and the overall financial health of the fund.

Fund Overview and Managed Distribution Policy

In December 2017, Cohen & Steers implemented a managed distribution policy, enabled by the Securities and Exchange Commission's exemptive relief. This strategy allows the fund to deliver consistent monthly payouts to its shareholders. By declaring distributions at a fixed rate per share, the fund aims to maximize long-term total return potential.

This approach provides the fund with enhanced flexibility, enabling it to realize long-term capital gains throughout the year while ensuring that these gains are distributed on a regular basis. However, it's essential to note that any changes to this policy made by the Board of Directors could significantly affect the market price of the fund's shares.

Breakdown of Monthly Distributions

The monthly payouts can come from various sources such as long-term capital gains, short-term capital gains, net investment income, or return of capital for tax purposes. Specifically, return of capital refers to the distributions exceeding the fund's net investment income and capital gains, drawn from the fund's assets. Importantly, receiving return of capital is not taxable at the time but does reduce a shareholder's tax basis in their shares.

Additionally, distributions emanating from real estate investment trusts (REITs) that the fund invests in may later be categorized as capital gains or return of capital according to the dividends reported by these REITs after the year-end. This means that the amount of monthly distributions is subject to fluctuation based on a variety of factors including portfolio changes and market dynamics.

Upon each monthly distribution, relevant information will be accessible on the official Cohen & Steers website, along with notifications sent directly to shareholders. However, as the final tax implications of the distributions will only be ascertainable at the close of the year, these details may change. Shareholders will receive a Form 1099-DIV outlining the required information for tax reporting post-calendar year.

Cumulative Distribution Estimates

The release provides specific estimates concerning the current distribution and cumulative payouts for the fiscal year up to August 31, 2026. The expected amounts are detailed in the table below, illustrating both the per share amount and the percentage contribution of each source.

Distribution Estimates

Performance Metrics and Further Insights

It's vital not to infer the fund's investment performance based solely on distribution amounts or terms of the managed distribution policy. The figures provided in this release are estimated and can change over time. The actual amounts will depend on the fund's ongoing investment performance during the fiscal year and may adapt based on tax regulations.

For the fiscal year 2026, the fund reported a year-to-date cumulative total return of 12.29% from January 1, 2026, to July 31, 2026, alongside a cumulative distribution rate of 4.92%. Over the five-year period ending on July 31, 2026, the average annual total return stood at 4.21%, and the current annualized distribution rate was recorded at 7.37%.

As investors evaluate these metrics, consider the relationship between total return and distribution rates. Shareholders are strongly urged to review all periodic reports, regulatory filings, and relevant financial objectives before making any investment decisions.

Conclusion

In summary, the distribution notifications from Cohen & Steers REIT and Preferred and Income Fund, Inc. provide critical insights into the fund's financial structuring and investment performance. Shareholders can arm themselves with this information to make informed decisions about their investments following the upcoming distributions. Keep an eye on future communications from the fund as they reflect ongoing investment strategies and market conditions.