Cohen & Steers REIT and Preferred Income Fund Announces Issuance of $55 Million in Auction Market Preferred Shares NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- Cohen & Steers REIT and Preferred Income Fund, Inc. -- a nondiversified, closed-end investment management company whose common shares trade on the New York Stock Exchange under the symbol "RNP" -- issued today a total of $55 million in auction market preferred shares (AMPS). Including the sale of the new shares, the fund's managed assets are approximately $2.07 billion. The fund is a closed-end management investment company with a primary objective of high current income through investment primarily in common stocks issued by real estate companies, such as real estate investment trusts, and in corporate preferred securities. Capital appreciation is a secondary investment objective. Cohen & Steers Capital Management, Inc., which serves as the fund's investment manager, is a wholly owned subsidiary of Cohen & Steers, Inc., a publicly traded company whose common stock is listed for trading on the New York Stock Exchange under the symbol "CNS." The underwriters for the AMPS are Merrill Lynch, Pierce, Fenner & Smith Incorporated; Citgroup Global Markets Inc.; UBS Securities LLC; Wachovia Capital Markets, LLC; and A.G. Edwards & Sons, Inc. The auction agent is The Bank of New York. The fund's AMPS are rated "Aaa" by Moody's Investors Service, Inc. and "AAA" by Standard & Poor's Ratings Services. Investors may participate in the auctions through participating broker-dealers. To request a free prospectus containing more complete information about the fund, including charges, expenses and risks, call 1-800-330-7348. Please consider the investment objective, risks, and charges and expenses of the fund and read the prospectus carefully before investing. DATASOURCE: Cohen & Steers REIT and Preferred Income Fund, Inc. CONTACT: John McCombe, executive vice president, director of marketing of Cohen & Steers, Inc., +1-212-832-3232 Web site: http://www.cohenandsteers.com/

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