The Cohen & Steers REIT and Preferred Income Fund, Inc., initially launched by Cohen & Steers Inc. on June 27, 2003, is a closed-ended, balanced mutual fund based in the United States. Formerly known as Cohen & Steers REIT & Preferred Balanced Income Fund, it is currently managed by Cohen & Steers Capital Management, Inc. The fund strategically invests across both public equity and fixed income markets within the U.S. Its equity holdings are primarily concentrated in companies within the real estate sector, including Real Estate Investment Trusts (REITs). For its fixed income allocations, the fund typically acquires debt and preferred securities from businesses spanning diverse industries. Fundamental analysis underpins the fund's investment approach for both asset classes. When constructing its fixed income portfolio, managers prioritize factors such as an issuer's financial stability, its corporate and capital structure, the specific ranking of the preferred or debt securities within that structure, market trends and external indicators, and the relative attractiveness compared to other income investments. Similarly, for its equity portfolio, the fund evaluates companies based on their growth prospects, projected earnings, and the caliber of their management teams. The fund's performance is measured against several industry benchmarks, including the FTSE NAREIT Equity Index, the S&P 500 Index, the Merrill Lynch Fixed Rate Preferred Index, and the FTSE NAREIT Equity REIT Index.