2024-02-04 09:30:00 ET
Summary
- Cohen & Steers REIT & Preferred Income Fund is a closed-end fund that primarily invests in the equity of real-estate companies and preferred and fixed-income securities.
- RNP has a solid long-term record of performance. However, the recent performance has been sub-par and in alignment with the real estate sector and preferred securities.
- We believe it is an excellent fund for income investors that is highly diversified and has proven to provide sustainable income in good times and bad.
Introduction
Cohen & Steers REIT & Preferred Income Fund ( RNP ) is a closed-end fund incepted in Jun. 2003. The fund has a pretty 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 48% in common equity and 52% in preferred and fixed-income securities. The majority of investments are in U.S. companies, but the fund also invests globally, especially in Canada, the U.K., European countries, Australia, and Japan....
Read the full article on Seeking Alpha
For further details see:
RNP: Consistent 8% Income Yield And Potentially market Matching Returns