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Key Distribution Information from Cohen & Steers REIT and Preferred Income Fund, Inc.

In a recent notification, Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE: RNP) announced important details regarding the sources of its upcoming distribution set to be paid on June 30, 2026. This update is critical for shareholders as it outlines the managed distribution policy that the Fund has implemented since December 2017.

Understanding the Managed Distribution Policy

The Fund's managed distribution policy aims to maximize long-term total return potential by providing shareholders with regular monthly distributions. By doing so, the Fund can dispense a fixed rate per common share, ensuring a steady income stream for its investors. The flexibility embedded in this policy allows the Fund to realize long-term capital gains throughout the year, distributing them as they are accrued.

While the Board of Directors retains the right to alter, suspend, or terminate this managed distribution policy, such changes could negatively affect the market price of the Fund's shares. Thus, it is paramount that shareholders understand the reliance on this policy and its possible impacts.

Breakdown of Distribution Details for June 2026

According to the recent announcement, the estimated current distribution for June 2026 is set at $0.1360 per common share, with cumulative distributions paid this fiscal year totaling $0.8160 per share. The sources of these distributions are itemized as follows:

• - Net Investment Income: $0.0614 (45.15% of current distribution)
• - Net Realized Short-Term Capital Gains: $0.0111 (8.16% of current distribution)
• - Net Realized Long-Term Capital Gains: $0.0635 (46.69% of current distribution)
• - Return of Capital: $0.0000 (0.00% of current distribution)

It's important to note that return of capital refers to situations when distributions surpass the Fund's net investment income and net realized capital gains, with those excess funds being drawn from the Fund's assets.

Tax Implications and Shareholder Notifications

The returns a shareholder might receive can impact one's taxable income. A return of capital is regarded differently than standard income, as it reduces one’s tax basis, rather than being subject to taxation in the year received. This intricate relationship between distributions and tax obligations is further detailed in the Form 1099-DIV that fund shareholders will receive post-year-end, clarifying the tax status of their distributions.

Performance Insights

As the fiscal year progresses, the Fund has reported a Year-to-date Cumulative Total Return of 9.72% and a Cumulative Distribution Rate of 3.72%. Over the past five years, the Average Annual Total Return has been 4.96%, in contrast to the Current Annualized Distribution Rate of 7.45%. These figures present a comprehensive look at the Fund's performance against its distribution policy.

Conclusion

Investors contemplating their presence in Cohen & Steers REIT and Preferred and Income Fund must take into account the Fund’s investment objectives, risks, and associated charges. Detailed periodic reports and regulatory filings can be consulted for further insight. For a thorough understanding of individual tax implications, stakeholders should seek advice from financial professionals regarding the specifics of their investments in this Fund.

In summary, Cohen & Steers continues to reinforce its commitment to transparency and regular communication with shareholders about critical distribution matters. With a foundation built on long-term performance and reliability, the Fund remains a key player in the investment landscape. Shareholders are encouraged to stay informed via cohenandsteers.com for ongoing updates.