Cohen & Steers REIT and Preferred Income Fund, Inc.
Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE: RNP) is trading at $18.86, about ₹1,812 at today's USD/INR rate, as of 29 Sep 2026, 4:00 PM ET, up 0.59% today. Indian residents can buy Cohen & Steers REIT and Preferred Income Fund from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$18.67
Today's high
$18.94
52 week low
$18.64
52 week high
$22.50
RNP opened at $18.76, closed previously at $18.75, and has traded between $18.64 and $22.50 over the past 52 weeks.
About
Cohen & Steers REIT and Preferred Income Fund, Inc. is a closed-ended balanced mutual fund launched by Cohen & Steers Inc. It is managed by Cohen & Steers Capital Management, Inc. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts. For its fixed income portfolio, the fund typically invests in debt and preferred securities of companies operating across diversified sectors. It employs fundamental analysis to create its fixed income portfolio with a focus on the issuer’s creditworthiness, corporate and capital structure, placement of the preferred or debt securities within that structure, momentum and other exogenous signals, and relative value versus other income security classes and for its equity portfolio also it employs fundamental analysis to create its portfolio with a focus on growth potential, earnings estimates, and the quality of management. The fund benchmarks the performance of its portfolio against the FTSE NAREIT Equity Index, S&P 500 Index, Merrill Lynch Fixed Rate Preferred Index, and FTSE NAREIT Equity REIT Index. It was formerly known as Cohen & Steers REIT & Preferred Balanced Income Fund. Cohen & Steers REIT and Preferred Income Fund, Inc. was formed on June 27, 2003 and is domiciled in the United States.
Key statistics
Avg. volume
114.50K
Market cap
$905.28M
P/E Ratio
7.92
Price-to-sales ratio
8.08
Enterprise value
$1.40B
Free cash flow yield
3.37%
Debt-to-equity ratio
0.43
Return on equity
5.79%
ROIC
5.54%
Beta
1.21
Dividend yield
8.65%
Last dividend
$1.63
Financial overview
Revenue
$104.94M
Earnings per share
$1.19
Free cash flow
$32.12M
Net profit margin
102.11%
Gross margin
90.03%
EBITDA
$79.87M
Revenue growth
51.32%
How to buy Cohen & Steers REIT and Preferred Income Fund from India
Indian residents can buy Cohen & Steers REIT and Preferred Income Fund shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Cohen & Steers REIT and Preferred Income Fund and place an order
Find Cohen & Steers REIT and Preferred Income Fund by name or by its ticker, RNP, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Cohen & Steers REIT and Preferred Income Fund trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Cohen & Steers REIT and Preferred Income Fund position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying Cohen & Steers REIT and Preferred Income Fund from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Cohen & Steers REIT and Preferred Income Fund’s current yield is 8.65%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Cohen & Steers REIT and Preferred Income Fund stock?
Yes. Cohen & Steers REIT and Preferred Income Fund (RNP) has been listed on the New York Stock Exchange since 2003, in the Asset Management industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Cohen & Steers REIT and Preferred Income Fund share cost in rupees?
One Cohen & Steers REIT and Preferred Income Fund share is $18.86 — about ₹1,812 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Cohen & Steers REIT and Preferred Income Fund price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Cohen & Steers REIT and Preferred Income Fund from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Cohen & Steers REIT and Preferred Income Fund?
Yes. One Cohen & Steers REIT and Preferred Income Fund share is $18.86, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Cohen & Steers REIT and Preferred Income Fund.
How are gains on Cohen & Steers REIT and Preferred Income Fund shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Cohen & Steers REIT and Preferred Income Fund price. Paasa issues a capital-gains statement for your return.
Does Cohen & Steers REIT and Preferred Income Fund pay a dividend, and how is it taxed in India?
Yes. Cohen & Steers REIT and Preferred Income Fund pays a dividend and the current yield is 8.65%; the last declared dividend was $1.63 per share, about ₹156.77. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Cohen & Steers REIT and Preferred Income Fund from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Cohen & Steers REIT and Preferred Income Fund shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Cohen & Steers REIT and Preferred Income Fund shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Cohen & Steers REIT and Preferred Income Fund holding, its cost and its closing value.
How do I sell Cohen & Steers REIT and Preferred Income Fund and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.