Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) is a closed-end investment fund managed by Cohen & Steers Capital Management. The fund seeks to provide high current income and capital appreciation by investing primarily in real estate investment trusts (REITs), other real estate companies, and preferred securities.
RNP’s portfolio may include common and preferred stocks of companies involved in the ownership, development, management, and financing of commercial and residential real estate. Its investments can span multiple property sectors, including office, retail, industrial, residential, health care, and specialty real estate.
The fund invests in securities issued by companies in the United States and other countries, giving shareholders exposure to global real estate and income-oriented securities. Cohen & Steers, founded in 1986, is an investment manager specializing in listed real assets, including real estate securities, infrastructure, and preferred securities.
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