Cohen & Steers Ltd Dur Prf&Inc:LDP

    Manage Alerts

    Overview

    As of 11/11/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$25.76$26.21-1.72%
    52 Wk Avg$24.06$24.94-3.58%
    52 Wk High$25.97$26.24-0.12%
    52 Wk Low$19.65$23.14-15.74%
    Regular Distribution TypeIncome Only
    Distribution Rate7.27%
    Distribution Amount$0.1560
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks a high level of current income with capital appreciation through investing at least 80% of managed assets in a portfolio of preferred securities issued by US and non US companies.

    Capital Structure

    As of 11/11/2019

    Total Net Assets:$1,071.025M
    Total Common Assets:$756.026M
    Common Shares Outstanding:28,844,929
    Leverage

    As of 6/28/2019

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $315.000M
    Structural Leverage (USD): $315.000M
    Structural Leverage (%): 30.22%
    Effective Leverage (USD): $315.000M
    Effective Leverage (%): 30.22%
    Annual Expense Ratios

    As of 12/31/2018

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.17%
    Baseline Expense: 1.17%
    Interest Expense:1.21%
    Total: 2.38%
    Fund Management

    Fund Sponsor
    Cohen & Steers Capital Management, Inc.

    Portfolio Managers
    William F. Scapell (27 Jul 2012) / Elaine Zaharis-Nikas (27 Jul 2012)

    Basics
    Category: Taxable Income-Preferreds
    Ticker: LDP
    NAV Ticker: XLDPX
    Average Daily Volume (shares): 77,000
    Average Daily Volume (USD): $1.778M
    Inception Date: 7/27/2012
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 11/11/2019

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2019
    $0.1162
    Annualized Distribution Rate on NAV:
    As of 11/11/2019
    7.19%
    Total Return on NAV (12 months):
    As of 11/11/2019
    13.16%
    Avg. UNII Per Share:
    As of 6/30/2018
    -$0.2746
    Total % Portfolio Effectively Leveraged:
    As of 11/11/2019
    30.22%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 11/11/2019

    PeriodAvg Discount
    6 Month-1.68%
    1 Year-3.58%
    3 Year-3.64%
    5 Year-5.19%
    Z-Score

    As of 11/12/2019

    PeriodZStat
    3 Month0.30
    6 Month0.60
    1 Year0.90
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/11/2019
    Category: Preferreds Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD25.91%20.08%29.70%21.09%
    2018-9.68%-8.02%-11.76%-7.69%
    201714.58%14.85%16.32%14.89%
    201617.94%8.54%13.32%7.26%
    20157.69%5.77%7.35%5.73%
    20149.62%11.35%17.96%16.68%
    2013-2.33%6.44%-4.86%2.83%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/11/2019
    Category: Preferreds Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2019
    168
    Annual Portfolio Turnover:
    As of 12/31/2018
    35.00%
    Asset Allocation

    As of 3/31/2018 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2017 reported by Fund Sponsor

    Sector%Portfolio
    Banking 54.00%
    Insurance 22.00%
    Other 6.00%
    Utility 4.00%
    Real Estate 3.00%
    Pipeline 3.00%
    Financial Services 3.00%
    Cash 3.00%
    Telecommunications 1.00%
    Top Holdings

    As of 9/30/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    B0499267 Irs Usd R V 01mlibor 70499267_f 2.06 19 Oct 2023$90.00M8.51%
    B0499323 Irs Usd R V 01mlibor 70499323_f 2.06 19 Oct 2022$90.00M8.51%
    B0499295 Irs Usd R V 01mlibor 70499295_f 2.06 19 Oct 2021$60.00M5.68%
    B3966438 Irs Usd R V 01mlibor 73966438_f 2.06 19 Oct 2022$31.00M2.93%
    Mellon Cap Iv 6.244% 4.00 29 Jun 2049$28.05M2.65%
    State Street Instl Treasury MMkt Instl$23.24M2.20%
    General Elec FRN 5.00$22.31M2.11%
    Bac Cap Tr Xiv (Unit) 5.63% 4.00 29 Sep 2049$20.55M1.94%
    Jpmorgan Chase FRN 5.74$19.13M1.81%
    Meiji Yasuda Life Ins 144A FRN 5.20 20 Oct 2045$19.03M1.80%
    Wells Fargo & Co New FRN 5.89$18.01M1.70%
    Credit Quality

    As of 6/30/2019 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2017 reported by Fund Sponsor

    Country% Portfolio
    USA 47.00%
    Other Countries 11.00%
    UK 10.00%
    Netherlands 7.00%
    Japan 7.00%
    France 6.00%
    Switzerland 5.00%
    Australia 4.00%
    Canada 4.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-854124PR-E