PFF - RNP: A Hybrid Fund With 7% Plus Income, And Decent Long-Term Performance
2025-07-06 08:00:00 ET
Introduction:
Cohen & Steers REIT & Preferred Income Fund ( RNP ) is a closed-end fund, or CEF, that primarily invests in the equity of real-estate companies and preferred and fixed-income securities. The fund was incepted in Jun. 2003 and has a successful record of 21 years. The fund is a hybrid fund and primarily invests in the equity of real estate companies, including the REITs (Real Estate Investment Trusts) and diversified preferred and fixed-income securities. Currently, the fund is invested roughly 51% in common equity and 49% in preferred and fixed-income securities. Even though the fund has the flexibility to invest in foreign securities (to the extent of a maximum of 50%), the vast majority is invested in the U.S. markets....
RNP: A Hybrid Fund With 7% Plus Income, And Decent Long-Term Performance