Cohen & Steers Limited Duration Preferred and Income Fund, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Adam Derechin
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 280 Park Avenue New York City NY United States of America 10017-1216
- IPO Date
- Jul 30, 2012
- CIK
- 0001548717
- Website
- cohenandsteers.com
- Similar Companies
- Business
- Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP) operates as a diversified, closed-end management investment company focused on generating high current income, with a secondary objective of capital appreciation. The fund invests at least 80% of its managed assets under normal market conditions in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, including floating-rate preferred securities; fixed-to-floating-rate preferred securities; traditional preferred securities; hybrid preferred securities; debt securities; and convertible securities, primarily targeting issuers in financial sectors such as banks, diversified financials, real estate, and insurance across global fixed income markets. Launched on May 1, 2012, and managed by Cohen & Steers Capital Management, Inc., the fund employs fundamental analysis emphasizing issuers' creditworthiness and market factors, benchmarks performance against the BofA Merrill Lynch Capital Securities Index and a composite of 75% that index plus 25% BofA Merrill Lynch 7% Constrained Adjustable Rate Preferred Securities Index, and domiciles in the United States with headquarters aligned to the sponsor at 280 Park Avenue, 10th Floor, New York. Portfolio managers include Elaine Zaharis-Nikas and Jerry Dorost; the fund maintains a managed distribution policy providing monthly payouts, such as the $0.131 per share declared for October, November, and December 2025 periods, pursuant to SEC exemptive relief for flexibility in realizing and distributing long-term capital gains. Recent developments encompass ongoing distribution announcements and shareholder notifications on income sources via Form 1099-DIV, alongside Cohen & Steers' broader 2025 initiatives including new ETF launches, a partnership with IDR Investment Management for integrated listed-private real estate strategies, private REIT expansions like KonaSears Income Opportunities REIT, and infrastructure discussions, though no fund-specific acquisitions, funding rounds, or product launches occurred in the last 1-2 years.
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