Cohen & Steers fund offers 7.9% yield with balanced REIT and preferred income portfolio at a 5.14% NAV discount.

The Cohen & Steers REIT & Preferred & Income Fund (RNP) provides a balanced portfolio split evenly between real estate investment trusts (REITs) and preferred/fixed-income securities, focusing on stable income. Currently trading at a 5.14% discount to its net asset value (NAV), the fund offers an attractive entry point for income-focused investors. It delivers a sustainable 7.9% yield with a tax-friendly distribution profile, supported by diversified holdings and prudent leverage management. This makes it appealing for investors seeking steady income with moderate risk exposure.