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Cohen & Steers Limited Duration Preferred and Income Fund Inc. (NYSE: LDP) is a diversified, closed-end management investment company dedicated to providing high current income and capital appreciation. Founded in 1986, Cohen & Steers is a global investment manager with a rich history of specializing in liquid real assets such as real estate securities, listed infrastructure, commodities, natural resource equities, and preferred securities.
The Fund maintains a portfolio comprised primarily of preferred and other income securities issued by both U.S. and non-U.S. companies. The strategic allocation aims to balance income generation with capital preservation. The investment strategy involves rigorous research and risk management to ensure the Fund aligns with its objectives under varying market conditions.
Based in New York City, Cohen & Steers extends its global footprint with offices in major financial centers including London, Hong Kong, Tokyo, and Seattle. This geographic diversity supports a broad understanding of global markets, enhancing the Fund’s ability to identify and capitalize on diverse investment opportunities.
In recent developments, the Fund has implemented significant changes to its distribution policies. Effective July 1, 2023, the Fund adopted a new policy to make regular monthly distributions at a level rate. This change is intended to provide a more predictable income stream for shareholders. The new policy replaces the managed distribution plan put in place in 2016, allowing the Fund to adapt to evolving market conditions and investment performance.
As part of its commitment to transparency, the Fund provides detailed information regarding the sources and characteristics of its distributions. Shareholders receive notices and updates through the company’s website and direct communications, ensuring they are well-informed about their investments.
Cohen & Steers prides itself on delivering strong investment performance and maintaining a disciplined approach to asset management. The Fund’s performance metrics, including year-to-date cumulative total return and average annual total return over a five-year period, are regularly disclosed to provide investors with a comprehensive overview of their investment’s performance.
Investors are encouraged to consult the Fund’s periodic reports and regulatory filings available on the Cohen & Steers website and the Securities and Exchange Commission’s EDGAR Database for detailed information on investment objectives, risks, charges, and expenses. These resources are essential for informed decision-making and ongoing investment management.
Overall, Cohen & Steers Limited Duration Preferred and Income Fund Inc. stands out for its focused investment approach, robust distribution policy, and commitment to transparency, making it a notable player in the realm of preferred and income securities.
Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced the distribution details for October 29, 2021, including sources of distributions and cumulative fiscal year-to-date figures. The Fund follows a managed distribution policy aimed at delivering total return through regular monthly distributions. The current distribution is $0.1430 per share, consisting of net investment income and long-term capital gains. Year-to-date cumulative total return is noted at 6.07%, while the cumulative distribution rate stands at 5.45%. Shareholders will receive Form 1099-DIV for tax purposes.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its distribution sources for September 30, 2021. The fund's managed distribution policy aims for long-term total return through monthly distributions, which may include net investment income, capital gains, and return of capital. For September, the distribution totals $0.1430 per share, with net investment income contributing $0.1198 (83.78%). Year-to-date total return is 5.62%, while the cumulative distribution rate stands at 4.90%. The fund emphasizes that these figures are estimates and may vary as they are subject to market conditions.
The Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced details regarding its July 30, 2021 distribution. The fund follows a managed distribution policy initiated in December 2016, allowing it to deliver regular monthly distributions, which may include net investment income, capital gains, and return of capital. For July 2021, the total distribution is $0.1430 per share, with net investment income contributing $0.0858 (60%) and long-term capital gains adding $0.0572 (40%). The fund's year-to-date cumulative total return is 4.52%.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution sources for June 30, 2021. A managed distribution policy allows for monthly distributions, including net investment income and capital gains. For June, total distribution is $0.1430 per share, with $0.1244 from net investment income (86.99%). Year-to-date, the cumulative total return is 3.12% with a cumulative distribution rate of 3.29%. Shareholders will receive a Form 1099-DIV to report distributions for tax purposes.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its upcoming distribution payment scheduled for May 28, 2021. The Fund employs a managed distribution policy aimed at delivering long-term total returns via regular monthly distributions. The distribution consists of net investment income, capital gains, and potentially a return of capital. As of May 2021, the total current distribution per share is $0.1430, with cumulative distributions for the year reaching $0.7150. Investors should be aware that distribution amounts may vary based on market conditions.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its upcoming distribution to shareholders, scheduled for April 30, 2021. The fund utilizes a managed distribution policy, which can change based on market conditions. For April 2021, the total distribution is estimated at $0.1430 per share, with net investment income contributing $0.0896 and long-term capital gains contributing $0.0534. Year-to-date cumulative total return is 0.98%, while the average annual return over five years stands at 9.04%. Shareholders will receive a Form 1099-DIV for tax purposes.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its monthly distribution of $0.1430 per share, effective March 31, 2021. This follows the fund's managed distribution policy established in 2016, aiming to provide consistent returns through monthly distributions, including net investment income and capital gains. As of February 28, 2021, the year-to-date cumulative total return was 0.23%, with a cumulative distribution rate of 1.67%. Shareholders are reminded that distribution amounts are estimations and may change based on market conditions.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its monthly distribution of $0.1430 per share, payable on February 26, 2021. The distribution comprises 72.87% net investment income ($0.1042), 27.13% long-term capital gains ($0.0388), and no return of capital. The Fund's year-to-date cumulative total return stands at 0.05%, with an average annual total return of 8.90% over five years. The managed distribution policy offers flexibility for regular monthly distributions, but the Board may amend this policy, potentially impacting the Fund's market price.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announces its monthly distribution of $0.1430 per share, payable on January 29, 2021. The distribution consists of $0.0924 from net investment income (64.62%) and $0.0506 as return of capital (35.38%). The Fund employs a managed distribution policy since December 2016 to enhance long-term return potential. Year-to-date cumulative total return is at 5.90% for 2020, with an average annual total return of 8.49%. Shareholders should consider the risk and investment objectives before investing.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) outlines the sources of its December 31, 2020, distribution, including net investment income and return of capital. The Fund follows a managed distribution policy aimed at delivering long-term total returns through regular monthly distributions. For December 2020, the total current distribution is $0.1430 per share, primarily from net investment income at $0.1293 (90.42%). The year-to-date cumulative total return is 3.86%, with a cumulative distribution rate of 7.00%. Shareholders will receive a Form 1099-DIV for tax purposes.
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