Fund Description: Cohen & Steers REIT and Preferred Income Fund, Inc. is a non-diversified, closed-end management investment company. The Fund's primary investment objective is high current income and their secondary objective is capital appreciation. Under normal market conditions, the Fund will invest at least 40%, but no more than 60%, of its total assets in common stocks issued by real estate companies, such as real estate investment trusts or 'REITs'; at least 40%, but no more than 60%, of its total assets in preferred securities of which up to 5% may be preferred securities of REITs; up to 20% of its total assets in debt securities other than preferred securities; up to 10% of its total assets in preferred or other debt securities that at the time of the investment are rated below investment grade or that are unrated but judged to be of comparable quality by the Fund's Investment Manager; and a significant portion, but less than 25%, of its total assets in the securities of companies principally engaged in the financial services industry. Cohen & Steers Capital Management, Inc. is the investment manager of the Fund.