NEW YORK, Sept. 7, 2012 /PRNewswire/ -- The Board of Directors of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. announced the Fund's first monthly distribution of $0.156 per common share. This distribution reflects an annualized distribution rate of 7.49%, based on the $25.00 per share IPO price. The ex-dividend and payable dates are September 18, 2012 and September 28, 2012, respectively, to holders of record on September 20, 2012.(1) The Fund began trading on the NYSE on July 27, 2012 under the ticker LDP. Portfolio Manager Conference Call 4:00 PM EST on September 13, 2012 Please join portfolio manager William Scapell for an update on the preferred securities market and a review of the Fund's strategy. The Fund's investment objective is to seek high current income, with a secondary objective of capital appreciation, by investing primarily in securities of U.S. and non-U.S. preferred and other income securities. Live Participant Dial-In (Toll Free): 877-407-8031 Replay Availability: September 14th at 1:00 pm EST Replay Number (Toll Free): 877-660-6853 Replay Passcodes (both required for playback): Account #: 286Conference ID #: 399923 (1) The amount and composition of the Fund's distributions will be disclosed monthly at cohenandsteers.com; however, this information may change after each calendar year end once the final tax characteristics of all Fund distributions can be determined with certainty. Final tax characteristics of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of each calendar year. The Fund expects to pay monthly cash distributions at a level rate, which may be adjusted from time to time based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out more than its net investment income.