2024-05-20 11:16:14 ET
Summary
- Cohen & Steers REIT & Preferred Income Fund (RNP) is a top-quality REIT-focused CEF fund with a 7.89% yield and monthly-paid dividend.
- RNP's high leverage of 31.53% may bring positive outcomes to the fund's return in the foreseeable future.
- RNP is recommended for income investors looking to prepare for a significant REIT recovery in 2024 and beyond.
Introduction
After a few attempts in the past year or so, I have decided that now is the time for me to go long with the US REIT market, which is due for a recovery in 2024. I am constructing my REIT portfolio as part of the income bucket (with a 6% dividend threshold to make the cut) as well as the total value return bucket (with the beaten down sectors)....
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For further details see:
RNP: A Buy For High Yield And The Inevitable REIT Recovery