Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP)

Profile

https://www.cohenandsteers.com/funds/details/limited-duration-preferred-and-income-fund

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. is a diversified closed‑end management investment company focused on generating high current income, with capital appreciation as a secondary goal. The fund primarily allocates to a portfolio of preferred and other income securities issued by U.S. and non‑U.S. companies, maintaining at least 80% of managed assets in these instruments under normal market conditions. It invests across financial sectors—such as banks, insurance, and diversified financials—and may also hold common stocks, government securities, and mortgage‑ and asset‑backed securities to enhance income and diversification. The portfolio spans multiple developed markets, including the United States, United Kingdom, Canada, and continental Europe, reflecting a global approach to preferreds and hybrid capital. The fund employs professional management by Cohen & Steers Capital Management, Inc., a specialist in preferred securities and income strategies, and may utilize derivatives like interest rate swaps to manage rate exposure and pursue its limited duration profile. Within the preferreds ecosystem, it serves investors seeking consistent income from a globally diversified basket of preferred and capital securities.