Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) is a closed-end fund that invests in preferred securities and other income-producing securities, with an emphasis on the financial sector. The fund seeks to provide high current income with capital appreciation as a secondary objective.
LDP invests in a diversified portfolio of preferred securities and other income-producing securities, such as corporate bonds and convertible securities. The fund also has the ability to invest in other types of securities, including common stocks and ETFs.
The fund's portfolio is actively managed by Cohen & Steers, a leading investment manager specializing in real estate and other income-producing securities. The manager's expertise in the preferred securities market allows LDP to take advantage of opportunities in the sector, including mispricings and credit events.
LDP is listed on the New York Stock Exchange and trades under the ticker symbol "LDP". The fund is designed for investors seeking a high level of current income, and may be appropriate for those looking to diversify their fixed-income portfolio or seeking an alternative to traditional fixed-income investments.
Investors in LDP should be aware of the risks associated with investing in preferred securities, including interest rate risk, credit risk, and market risk. The fund's performance may also be impacted by changes in economic conditions, government policies, and other external factors.
As of September 30, 2021, LDP had total net assets of approximately $2.3 billion and a distribution yield of 4.8%.
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