- Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) announces an April 2025 distribution of $0.1360 per share.
- The distribution comprises 40.07% net investment income, 11.91% long-term capital gains, and 48.02% return of capital.
- The Fund recorded a 2.94% year-to-date cumulative total return for the first quarter of 2025.
The Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) has disclosed details of its upcoming distribution for April 2025, with a payout of $0.1360 per share set for April 30. The distribution is structured with 40.07% sourced from net investment income, 11.91% from long-term capital gains, and a significant portion, 48.02%, as return of capital. This return of capital reduces the tax basis of the shareholders' fund shares.
Performance metrics for the Fund indicate a 2.94% year-to-date cumulative total return from January 1 through March 31, 2025. Additionally, the Fund boasts an impressive five-year average annual total return of 11.68% as of March 31, 2025. The current annualized distribution rate of the Fund stands at 7.67%.
Shareholders should note that while distributions might include components beyond net investment income, exact tax qualifications will be finalized in Form 1099-DIV distributed after the end of the calendar year. This comprehensive insight into the Fund's distribution sources and performance serves to inform investors about potential tax implications and the Fund’s managed distribution strategy. For further details, interested parties can visit the Cohen & Steers website.
