Company: RNP
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049819
Chunk: 7

Company: COHEN & STEERS REIT & PREFERRED & INCOME FUND INC
Filing Date: 2025-03-07
Form: N-CSR
Chunk 7
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)      |     | 31%       |
| % Variable Rate Financing                |     | 19%       |
| Variable Rate                            |     | 5.2%      |
| % Fixed Rate                             
 Financing(c)                             |     | 81%       |
| Weighted Average Rate on Fixed Financing |     | 1.7%      |
| Weighted Average Term on Fixed Financing |     | 1.6 years |
| Weighted Average Cost of All Financing   |     | 2.4%      |

The Fund seeks to enhance its dividend yield through leverage. The use of leverage is a speculative technique and there are special risks and costs associated with leverage. The NAV of the Fund’s shares may be reduced by the issuance and ongoing costs of leverage. So long as the Fund is able to invest in securities that produce an investment yield that is greater than the total cost of leverage, the leverage strategy will produce higher current net investment income for shareholders. On the other hand, to the extent that the total cost of leverage exceeds the incremental income gained from employing such leverage, shareholders would realize lower net investment income. In addition to the impact on net income, the use of leverage will have an effect of magnifying capital appreciation or depreciation for shareholders. Specifically, in an up market, leverage will typically generate greater capital appreciation than if the Fund were not employing leverage. Conversely, in down markets, the use of leverage will generally result in greater capital depreciation than if the Fund had been unlevered. To the extent that the Fund is required or elects to reduce its leverage, the Fund may need to liquidate investments, including under adverse economic conditions which may result in capital losses potentially reducing returns to shareholders. There can be no assurance that a leveraging strategy will be successful during any period in which it is employed.

| (b) | See Note 9 in Notes to Financial Statements. |

| (c) | Represents fixed payer interest rate swap contracts on variable rate borrowing. |

7

C OHEN& S TEERSREIT ANDP REFERRED ANDI NCOMEF UND, I NC.

December 31, 2024

Top Ten Holdings (a)

(Unaudited)

| Security                        |     | Value |            |     | % of    
 Managed 
 Assets  |     |
|:--------------------------------|:----|:------|-----------:|:----|:--------|----:|
| Welltower, Inc.                 |     | $     | 73,956,295 |