RNP: A Hybrid Fund With 7% Plus Income, And Decent Long-Term Performance

  • Cohen & Steers REIT & Preferred Income Fund offers reliable monthly income and diversification into real estate and preferred securities, making it ideal for income-focused investors. The fund is well diversified, uses significant leverage, and is equally divided into common equity of REITs and Preferred securities. RNP currently trades at a relatively high premium of 7.4% to NAV, which is a big negative. However, it is a reliable and consistent payer of monthly distributions.