EX-99.13(C) 4 d867347dex9913c.htm NOTIFICATION OF SOURCES OF DISTRIBUTION Notification of Sources of Distribution

Exhibit 13(c)

 

LOGO

Notification of Sources of Distribution

Pursuant to Section 19(a) of the Investment Company Act of 1940

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP)

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the “Fund”), acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund intends to include long-term capital gains, where applicable, as part of the regular monthly cash distributions to its shareholders. This policy will give the Fund greater flexibility to realize long-term capital gains and to distribute those gains on a regular monthly basis.

The Board of Directors of the Fund declared a monthly distribution per share for the month of July 2020. Please review the following information and important disclosures set forth below.

 

Amount of Distribution

    Ex-Dividend Date      Record Date      Payable Date  

$0.124

      July 14, 2020        July 15, 2020        July 31, 2020  

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. All amounts are expressed per common share.

 

DISTRIBUTION ESTIMATES

    July 2020     YEAR-TO-DATE (YTD)
July 31, 2020*		  

Source

    Per Share
Amount		      % of Current
Distribution		     Per Share
Amount		      % of 2020
Distributions		  

Net Investment Income

    $ 0.0000        0.00 %    $ 0.0000        0.00 % 

Net Realized Short-Term Capital Gains

    $ 0.1240        100.00 %    $ 0.3203        36.90 % 

Net Realized Long-Term Capital Gains

    $ 0.0000        0.00 %    $ 0.5477        63.10 % 

Return of Capital (or other Capital Source)

    $ 0.0000        0.00 %    $ 0.0000        0.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total Current Distribution

    $ 0.1240        100.00 %    $ 0.8680        100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

 

*

THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The Fund’s Year-to-date Cumulative Total Return for fiscal year 2020 (January 1, 2020 through June 30, 2020) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund’s Cumulative Distribution Rate for 2020. In addition, the Fund’s Average Annual Total Return for the five-year period ending June 30, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2020. The performance and distribution rate information disclosed in the table is based on the Fund’s net asset value per share (NAV). The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s individual investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

280 Park Avenue, New York, NY 10017-1216    Tel: 212.832.3232    Fax: 212-832-3622

Fund Performance and Distribution Rate Information:

 

Year-to-date January 1, 2020 to June 30, 2020

  

Year-to-date Cumulative Total Return1

      -10.87 % 

Cumulative Distribution Rate2

      4.09 % 

Five-year period ending June 30, 2020

  

Average Annual Total Return3

      8.50 % 

Current Annualized Distribution Rate4

      7.02 % 

 

  1.

Year-to-date Cumulative Total Return is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.

  2.

Cumulative Distribution Rate for the Fund’s current fiscal period (January 1, 2020 through July 31, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of June 30, 2020.

  3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending June 30, 2020. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.

  4.

The Current Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of June 30, 2020.

This Fund has a managed distribution policy that seeks to deliver the Fund’s long term total return potential through regular monthly distributions declared at a fixed rate per share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund 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.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report fund distributions for federal income tax purposes.

Exhibit 13(c)

 

LOGO

Notification of Sources of Distribution

Pursuant to Section 19(a) of the Investment Company Act of 1940

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP)

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the “Fund”), acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund intends to include long-term capital gains, where applicable, as part of the regular monthly cash distributions to its shareholders. This policy will give the Fund greater flexibility to realize long-term capital gains and to distribute those gains on a regular monthly basis.

The Board of Directors of the Fund declared a monthly distribution per share for the month of August 2020. Please review the following information and important disclosures set forth below.

 

Amount of Distribution

    Ex-Dividend Date      Record Date      Payable Date  

$0.124

      August 18, 2020        August 19, 2020        August 31, 2020  

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. All amounts are expressed per common share.

 

DISTRIBUTION ESTIMATES

    August 2020     YEAR-TO-DATE (YTD)
August 31, 2020*		  

Source

    Per
Share
Amount		      % of
Current
Distribution		     Per
Share
Amount		      % of 2020
Distributions		  

Net Investment Income

    $ 0.0118        9.52 %    $ 0.0135        1.36 % 

Net Realized Short-Term Capital Gains

    $ 0.1122        90.48 %    $ 0.4326        43.61 % 

Net Realized Long-Term Capital Gains

    $ 0.0000        0.00 %    $ 0.5459        55.03 % 

Return of Capital (or other Capital Source)

    $ 0.0000        0.00 %    $ 0.0000        0.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total Current Distribution

    $ 0.1240        100.00 %    $ 0.9920        100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

 

*

THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The Fund’s Year-to-date Cumulative Total Return for fiscal year 2020 (January 1, 2020 through July 31, 2020) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund’s Cumulative Distribution Rate for 2020. In addition, the Fund’s Average Annual Total Return for the five-year period ending July 31, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2020. The performance and distribution rate information disclosed in the table is based on the Fund’s net asset value per share (NAV). The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s individual investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

280 Park Avenue, New York, NY 10017-1216    Tel: 212.832.3232    Fax: 212-832-3622

Fund Performance and Distribution Rate Information:

 

Year-to-date January 1, 2020 to July 31, 2020

  

Year-to-date Cumulative Total Return1

      -5.79 % 

Cumulative Distribution Rate2

      4.45 % 

Five-year period ending July 31, 2020

       

Average Annual Total Return3

      8.69 % 

Current Annualized Distribution Rate4

      6.68 % 

 

  1.

Year-to-date Cumulative Total Return is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.

  2.

Cumulative Distribution Rate for the Fund’s current fiscal period (January 1, 2020 through August 31, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of July 31, 2020.

  3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending July 31, 2020. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.

  4.

The Current Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of July 31, 2020.

This Fund has a managed distribution policy that seeks to deliver the Fund’s long term total return potential through regular monthly distributions declared at a fixed rate per share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund 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.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report fund distributions for federal income tax purposes.

Exhibit 13(c)

 

LOGO

Notification of Sources of Distribution

Pursuant to Section 19(a) of the Investment Company Act of 1940

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP)

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the “Fund”), acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund intends to include long-term capital gains, where applicable, as part of the regular monthly cash distributions to its shareholders. This policy will give the Fund greater flexibility to realize long-term capital gains and to distribute those gains on a regular monthly basis.

The Board of Directors of the Fund declared a monthly distribution per share for the month of September 2020. Please review the following information and important disclosures set forth below.

 

Amount of Distribution

    Ex-Dividend Date    Record Date    Payable Date

$0.124

    September 15, 2020    September 16, 2020    September 30, 2020

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. All amounts are expressed per common share.

 

DISTRIBUTION ESTIMATES

    September 2020     YEAR-TO-DATE (YTD)
September 30, 2020*		  

Source

    Per Share
Amount		      % of Current
Distribution		     Per Share
Amount		      % of 2020
Distributions		  

Net Investment Income

    $ 0.1240        100.00 %    $ 0.1376        12.33 % 

Net Realized Short-Term Capital Gains

    $ 0.0000        0.00 %    $ 0.4325        38.75 % 

Net Realized Long-Term Capital Gains

    $ 0.0000        0.00 %    $ 0.5459        48.92 % 

Return of Capital (or other Capital Source)

    $ 0.0000        0.00 %    $ 0.0000        0.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total Current Distribution

    $ 0.1240        100.00 %    $ 1.1160        100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

 

*

THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The Fund’s Year-to-date Cumulative Total Return for fiscal year 2020 (January 1, 2020 through August 31, 2020) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund’s Cumulative Distribution Rate for 2020. In addition, the Fund’s Average Annual Total Return for the five-year period ending August 31, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2020. The performance and distribution rate information disclosed in the table is based on the Fund’s net asset value per share (NAV). The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s individual investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

280 Park Avenue, New York, NY 10017-1216    Tel: 212.832.3232    Fax: 212-832-3622

Fund Performance and Distribution Rate Information:

 

Year-to-date January 1, 2020 to August 31, 2020

  

Year-to-date Cumulative Total Return1

      -4.31 % 

Cumulative Distribution Rate2

      4.96 % 

Five-year period ending August 31, 2020

  

Average Annual Total Return3

      9.95 % 

Current Annualized Distribution Rate4

      6.62 % 

 

  1.

Year-to-date Cumulative Total Return is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.

  2.

Cumulative Distribution Rate for the Fund’s current fiscal period (January 1, 2020 through September 30, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of August 31, 2020.

  3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending August 31, 2020. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.

  4.

The Current Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of August 31, 2020.

This Fund has a managed distribution policy that seeks to deliver the Fund’s long term total return potential through regular monthly distributions declared at a fixed rate per share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund 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.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report fund distributions for federal income tax purposes.

Exhibit 13(c)

 

LOGO

Notification of Sources of Distribution

Pursuant to Section 19(a) of the Investment Company Act of 1940

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP)

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the “Fund”), acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund intends to include long-term capital gains, where applicable, as part of the regular monthly cash distributions to its shareholders. This policy will give the Fund greater flexibility to realize long-term capital gains and to distribute those gains on a regular monthly basis.

The Board of Directors of the Fund declared a monthly distribution per share for the month of October 2020. Please review the following information and important disclosures set forth below.

 

Amount of Distribution

    Ex-Dividend Date    Record Date    Payable Date

$0.124

    October 13, 2020    October 14, 2020    October 30, 2020

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. All amounts are expressed per common share.

 

DISTRIBUTION ESTIMATES

    October 2020     YEAR-TO-DATE (YTD)
October 31, 2020*		  

Source

    Per Share
Amount		      % of Current
Distribution		     Per Share
Amount		      % of 2020
Distributions		  

Net Investment Income

    $ 0.1240        100.00 %    $ 0.2616        21.10 % 

Net Realized Short-Term Capital Gains

    $ 0.0000        0.00 %    $ 0.4325        34.88 % 

Net Realized Long-Term Capital Gains

    $ 0.0000        0.00 %    $ 0.5459        44.02 % 

Return of Capital (or other Capital Source)

    $ 0.0000        0.00 %    $ 0.0000        0.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total Current Distribution

    $ 0.1240        100.00 %    $ 1.2400        100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

 

*

THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The Fund’s Year-to-date Cumulative Total Return for fiscal year 2020 (January 1, 2020 through September 30, 2020) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund’s Cumulative Distribution Rate for 2020. In addition, the Fund’s Average Annual Total Return for the five-year period ending September 30, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2020. The performance and distribution rate information disclosed in the table is based on the Fund’s net asset value per share (NAV). The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s individual investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

280 Park Avenue, New York, NY 10017-1216    Tel: 212.832.3232    Fax: 212-832-3622

Fund Performance and Distribution Rate Information:

 

Year-to-date January 1, 2020 to September 30, 2020

  

Year-to-date Cumulative Total Return1

      -6.05 % 

Cumulative Distribution Rate2

      5.65 % 

Five-year period ending September 30, 2020

  

Average Annual Total Return3

      9.05 % 

Current Annualized Distribution Rate4

      6.78 % 

 

  1.

Year-to-date Cumulative Total Return is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.

  2.

Cumulative Distribution Rate for the Fund’s current fiscal period (January 1, 2020 through October 31, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of September 30, 2020.

  3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending September 30, 2020. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.

  4.

The Current Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of September 30, 2020.

This Fund has a managed distribution policy that seeks to deliver the Fund’s long term total return potential through regular monthly distributions declared at a fixed rate per share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund 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.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report fund distributions for federal income tax purposes.

Exhibit 13(c)

 

LOGO

Notification of Sources of Distribution

Pursuant to Section 19(a) of the Investment Company Act of 1940

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP)

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the “Fund”), acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund intends to include long-term capital gains, where applicable, as part of the regular monthly cash distributions to its shareholders. This policy will give the Fund greater flexibility to realize long-term capital gains and to distribute those gains on a regular monthly basis.

The Board of Directors of the Fund declared a monthly distribution per share for the month of November 2020. Please review the following information and important disclosures set forth below.

 

Amount of Distribution

   

Ex-Dividend Date

   

Record Date

   

Payable Date

$0.124    November 17, 2020    November 18, 2020    November 30, 2020

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. All amounts are expressed per common share.

 

DISTRIBUTION ESTIMATES

   

November 2020

  

YEAR-TO-DATE (YTD)

November 30, 2020*

Source

   

Per Share
Amount

   

% of Current
Distribution

  

Per Share
Amount

     

% of 2020

Distributions

Net Investment Income

    $0.1240    100.00%   $ 0.3856      28.27%

Net Realized Short-Term Capital Gains

    $0.0000    0.00%   $ 0.4325      31.71%

Net Realized Long-Term Capital Gains

    $0.0000    0.00%   $ 0.5459      40.02%

Return of Capital (or other Capital Source)

    $0.0000    0.00%   $ 0.0000      0.00%
  

 

   

 

  

 

 

     

 

Total Current Distribution

    $0.1240    100.00%   $ 1.3640      100.00%
  

 

   

 

  

 

 

     

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

 

*

THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The Fund’s Year-to-date Cumulative Total Return for fiscal year 2020 (January 1, 2020 through October 31, 2020) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund’s Cumulative Distribution Rate for 2020. In addition, the Fund’s Average Annual Total Return for the five-year period ending October 31, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2020. The performance and distribution rate information disclosed in the table is based on the Fund’s net asset value per share (NAV). The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s individual investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

280 Park Avenue, New York, NY 10017-1216    Tel: 212.832.3232    Fax: 212-832-3622

Fund Performance and Distribution Rate Information:

 

Year-to-date January 1, 2020 to October 31, 2020

  

Year-to-date Cumulative Total Return1

      -7.39 % 

Cumulative Distribution Rate2

      6.34 % 

Five-year period ending October 31, 2020

  

Average Annual Total Return3

      7.64 % 

Current Annualized Distribution Rate4

      6.92 % 

 

  1.

Year-to-date Cumulative Total Return is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.

  2.

Cumulative Distribution Rate for the Fund’s current fiscal period (January 1, 2020 through November 30, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of October 31, 2020.

  3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending October 31, 2020. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.

  4.

The Current Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of October 31, 2020.

This Fund has a managed distribution policy that seeks to deliver the Fund’s long term total return potential through regular monthly distributions declared at a fixed rate per share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund 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.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report fund distributions for federal income tax purposes.

Exhibit 13(c)

 

LOGO

Notification of Sources of Distribution

Pursuant to Section 19(a) of the Investment Company Act of 1940

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP)

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the “Fund”), acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund intends to include long-term capital gains, where applicable, as part of the regular monthly cash distributions to its shareholders. This policy will give the Fund greater flexibility to realize long-term capital gains and to distribute those gains on a regular monthly basis.

The Board of Directors of the Fund declared a monthly distribution per share for the month of December 2020. Please review the following information and important disclosures set forth below.

 

Amount of Distribution

   

Ex-Dividend Date

   

Record Date

   

Payable Date

$0.124    December 15, 2020    December 16, 2020    December 31, 2020

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. All amounts are expressed per common share.

 

DISTRIBUTION ESTIMATES

    December 2020   YEAR-TO-DATE (YTD)
December 31, 2020*

Source

    Per Share
Amount		    % of Current
Distribution		   Per Share
Amount		    % of 2020
Distributions

Net Investment Income

    $0.1240    100.00%   $0.5095    34.24%

Net Realized Short-Term Capital Gains

    $0.0000    0.00%   $0.4325    29.07%

Net Realized Long-Term Capital Gains

    $0.0000    0.00%   $0.5459    36.69%

Return of Capital (or other Capital Source)

    $0.0000    0.00%   $0.0000    0.00%
  

 

   

 

  

 

   

 

Total Current Distribution

    $0.1240    100.00%   $1.4880    100.00%
  

 

   

 

  

 

   

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

 

*

THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The Fund’s Year-to-date Cumulative Total Return for fiscal year 2020 (January 1, 2020 through November 30, 2020) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund’s Cumulative Distribution Rate for 2020. In addition, the Fund’s Average Annual Total Return for the five-year period ending November 30, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate for 2020. The performance and distribution rate information disclosed in the table is based on the Fund’s net asset value per share (NAV). The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s individual investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

 

280 Park Avenue, New York, NY 10017-1216    Tel: 212.832.3232    Fax: 212-832-3622

Fund Performance and Distribution Rate Information:

 

Year-to-date January 1, 2020 to November 30, 2020

Year-to-date Cumulative Total Return1

    -0.26%

Cumulative Distribution Rate2

    6.46%

Five-year period ending November 30, 2020

Average Annual Total Return3

    9.28%

Current Annualized Distribution Rate4

    6.46%

 

  1.

Year-to-date Cumulative Total Return is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.

  2.

Cumulative Distribution Rate for the Fund’s current fiscal period (January 1, 2020 through November 30, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of November 30, 2020.

  3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending November 30, 2020. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.

  4.

The Current Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of November 30, 2020.

This Fund has a managed distribution policy that seeks to deliver the Fund’s long term total return potential through regular monthly distributions declared at a fixed rate per share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund 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.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report fund distributions for federal income tax purposes.