A company called Cohen & Steers has a special kind of investment fund that gives people money every month. This helps them make more money from their investments and they tell everyone how they got the money to give out each month. Sometimes, the money comes from selling things for a higher price than they bought them for, which is good. Other times, the money comes from just having the investments grow over time. They can change how much money they give out every month if they want to. The people who own the company have to tell everyone about this and let them know if it might affect how much their investment is worth. Read from source...

- The title of the press release is misleading, as it implies that the Fund has notified shareholders of the sources of distribution under Section 19(a), when in fact, it only provides information about the policy and its implementation. A more accurate title would be "Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Managed Distribution Policy and Sources of Fiscal Year-to-Date Distributions".
- The press release uses vague and ambiguous terms such as "long-term total return potential", "regular monthly distributions", and "greater flexibility" without defining or quantifying them. This creates confusion and uncertainty for shareholders who may not understand the implications of these terms on their investments and returns.
- The press release does not explain how the managed distribution policy affects the Fund's expenses, fees, taxes, or performance. It also does not provide any historical or comparative data to support its claims that the policy seeks to deliver the Fund's long-term total return potential and to realize long-term capital gains throughout the year.
- The press release warns shareholders that the Board of Directors may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares. This statement is contradictory and self-defeating, as it implies that the policy itself may not be beneficial for shareholders in the long run and that they should expect sudden changes in their income streams and tax liabilities.
- The press release does not provide any information about the current or projected distribution yield, discount or premium to net asset value, or other relevant metrics that could help shareholders evaluate the attractiveness of the Fund's shares and its performance relative to its peers and benchmarks.

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Summary: The article is about the sources of distribution for Cohen & Steers REIT and Preferred and Income Fund, Inc. It explains that the fund has a managed distribution policy to deliver long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The board may amend or terminate the policy, which could affect the market price of the shares. The article also provides information on the tax implications of the distributions and the factors that may influence them.

1. Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) is an exchange-traded fund that seeks to provide income and capital appreciation by investing in a diversified portfolio of real estate investment trusts (REITs), preferred stocks, and other income-generating securities.
2. The fund has a managed distribution policy that aims to deliver its long-term total return potential through regular monthly distributions declared at a fixed rate per common share. This policy gives the fund greater flexibility to realize long-term capital gains throughout the year and distribute them on a regular basis to shareholders.
3. The sources of the distribution may include long-term capital gains, short-term capital gains, net investment income, and/or return of capital for federal income tax purposes. A return of capital is not taxable but reduces a shareholder's tax basis in their shares of the fund.
4. The amount of monthly distributions may vary depending on factors such as changes in portfolio and market conditions. Investors should carefully review the information posted to cohenandsteers.com and mailed to shareholders in a concurrent notice at the time of each monthly distribution for more details.