Company: RNP
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049819
Chunk: 34

Company: COHEN & STEERS REIT & PREFERRED & INCOME FUND INC
Filing Date: 2025-03-07
Form: N-CSR
Chunk 34
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. The cost approach considers factors including the value of the security’s underlying assets and liabilities.

The Fund’s use of fair value pricing may cause the NAV of Fund shares to differ from the NAV that would be calculated using market quotations. Fair value pricing involves subjective judgments and it is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of that security.

Fair value is defined as the price that the Fund would expect to receive upon the sale of an investment or expect to pay to transfer a liability in an orderly transaction with an independent buyer in

37

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

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

the principal market or, in the absence of a principal market, the most advantageous market for the investment or liability. The hierarchy of inputs that are used in determining the fair value of the Fund’s investments is summarized below.

| • |     | Level 1—quoted prices in active markets for identical investments |

| • |     | Level 2—other significant observable inputs (including quoted prices for similar investments, 
 interest rates, credit risk, etc.)                                                            |

| • |     | Level 3—significant unobservable inputs (including the Fund’s own assumptions in 
 determining the fair value of investments)                                       |

The inputs or methodology used for valuing investments may or may not be an indication of the risk associated with those investments. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the inputs used as of December 31, 2024 in valuing the Fund’s investments carried at value:

|                                             |     | Quoted Prices 
 in Active     
 Markets       
 for Identical 
 Investments   
 (Level 1)     |             |   |     | Other       
 Significant 
 Observable  
 Inputs      
 (Level 2)   |             |   |     | Significant  
 Unobservable 
 Inputs       
 (Level 3)    |            |    |     | Total |               |   |
|:--------------------------------------------|:----|:--------------|------------:|:--|:----|:------------|------------:|:--|:----|:-------------|-----------:|:---|:----|:------|--------------:|:--|
| Common Stock—Real Estate                    |     | $             | 686,984,330