Company: RNP
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049819
Chunk: 83

Company: COHEN & STEERS REIT & PREFERRED & INCOME FUND INC
Filing Date: 2025-03-07
Form: N-CSR
Chunk 83
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 partner in an investment could become insolvent or bankrupt; |

| • |     | fraud or other misconduct by the real estate joint venture partner; |

| • |     | the joint venture partner will typically have day-to-day control over the investment, and the Fund’s rights regarding certain major decisions affecting the ownership of the real estate joint venture and the joint venture property, such as the sale   
 of the property or the making of additional capital contributions for the benefit of the property, will typically be limited. These factors may prevent the Fund from taking actions that are opposed by its real estate joint venture partner; under     
 certain real estate joint venture arrangements, neither party may have the power to unilaterally direct certain activities of the venture and, under certain circumstances, an impasse could result regarding cash distributions, reserves, or a proposed 
 sale or refinancing of the investment, and this impasse could have an adverse impact on the real estate joint venture, which could adversely impact the operations and profitability of the real estate joint venture and/or the amount and timing of     
 distributions the Fund receives from the real estate joint venture;                                                                                                                                                                                       |

| • |     | the real estate joint venture partner may at any time have economic or business interests or goals                                         
 that are or that become in conflict with the Fund’s business interests or goals, including, for instance, the operation of the properties; |

| • |     | the real estate joint venture partner may be structured differently than the Fund for tax purposes 
 and this could create conflicts of interest;                                                       |

| • |     | the Fund will typically rely upon its real estate joint venture partner to manage the day-to day operations of the real estate joint venture and underlying assets, as well as to prepare financial information for the real estate joint venture and any failure to perform these obligations appropriately 
 may have a negative impact on the Fund’s performance and results of operations;                                                                                                                                                                                                                              |

| • |     | the real estate joint venture partner may experience a change of control, which could result in new                                                     
 management of the real estate joint venture partner with less experience or conflicting interests to the Fund and be disruptive to the Fund’s business; |

| • |     | the real estate joint venture partner may be in a position to take action contrary to the Fund’s 
 instructions or requests or contrary to the Fund’s policies or objectives;                       |

| • |     | the terms of the real estate joint ventures could restrict the Fund’s ability to sell or                               
 transfer its interest to a third party when it desires on