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

21.80

+0.1(+0.46%)

Updated at September 08 02:28PM

Currency In USD

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

Address

280 Park Avenue

New York City, NY 10017-1216

United States of America

Phone

212-832-3232

Sector

Financial Services

Industry

Asset Management - Income

Employees

N/A

First IPO Date

July 30, 2012

Key Executives

NameTitlePayYear Born
Mr. Adam M. Derechin C.F.A.Chief Operating Officer and Member of Executive Committee01965
Ms. Elaine Zaharis Nikas C.F.A.Portfolio Manager01973
Mr. Joseph Martin HarveyPortfolio Manager01964
Mr. Francis Casimir Poli Esq.Executive Vice President, General Counsel, Corporate Secretary and Member of Executive Committee01963

Description

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. is a closed-ended fixed income fund launched by Cohen & Steers, Inc. The fund is managed by Cohen & Steers Capital Management, Inc. It invests in fixed income markets across the globe. The fund uses derivatives like interest rate swaps to make its investments. It seeks to invest in companies that are operating across financial sectors including banks, diversified financials, real estate, and insurance industries. The fund primarily invests in floating-rate and fixed-to-floating-rate preferred securities, preferred securities, traditional preferred securities, hybrid-preferred securities, debt securities, and convertible securities. It employs fundamental analysis, with a focus on issuers' creditworthiness, and prevailing market factors to create its portfolio. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch Capital Securities Index and a composite benchmark of 75% BofA Merrill Lynch Capital Securities Index and 25% BofA Merrill Lynch 7% Constrained Adjustable Rate Preferred Securities Index. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. fund was formed on May 1, 2012 and is domiciled in the United States.