PSF: Potential Catalyst Ahead But Still Uncertain Of Dividend Coverage

Cohen & Steers Select Preferred and Income Fund offers a 7.4% yield and trades at a deep discount to NAV, appealing to income investors. PSF's portfolio is heavily concentrated in the banking sector and below investment grade securities, presenting sector and credit risks. Dividend coverage remains inconsistent, with payouts declining over the past decade and reliance on net realized gains to support distributions.

Seeking Alpha • Sep 13, 2025

PSF: Attractively Valued, But Weak Dividend Coverage

PSF provides attractive income with a 7.6% yield and global diversification, making it appealing for long-term, income-focused investors. The fund currently trades at a 7.5% discount to NAV, offering a compelling entry point, especially if interest rates decline in the future. PSF's performance and dividend coverage have been inconsistent, raising concerns about the sustainability of its high payout.

Seeking Alpha • Jun 26, 2025

PSF: Much Improved, But No Inflation Protection

The Cohen & Steers Select Preferred and Income Fund offers a 7.26% yield, outperforming some peers but lagging behind others in yield. The fund's portfolio is primarily preferred stocks, with a 33.78% leverage ratio, and it has improved its distribution coverage in 2024. Despite strong performance, the fund lacks protection against inflation, making it crucial for investors to diversify with assets that hedge against a declining U.S. dollar.

Seeking Alpha • Oct 22, 2024

CEF Report | May 2024 | Activism Is Heating Up

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

Seeking Alpha • Jun 13, 2024

PSF: Continues To Underperform Peers And Another Failure To Cover The Distribution

Cohen & Steers Select Preferred and Income Fund has a yield of 7.82%, in line with peers but lower than some major competitors. The PSF closed-end fund's relatively low yield could pose problems, as it might not be actually beating inflation. This is a very acute problem for taxable accounts. The fund's share price has declined as expected, but its distributions have helped offset losses, resulting in a 2.80% total return since January.

Seeking Alpha • May 21, 2024

PSF: Take Some Profits While The Valuation Is Richer Than Normal (Rating Downgrade)

The Cohen & Steers Select Preferred and Income Fund offers a high level of income with a current yield of 7.81%. The PSF closed-end fund's share price has increased by 3.92% since the last article on it, outperforming the preferred stock index. There are concerns that the fund's recent gains may not be sustainable if the Federal Reserve fails to deliver expected interest rate cuts.

Seeking Alpha • Jan 10, 2024

PSF: Historic Underperformance And Declining NAV Are Concerns

Inflation rates in the U.S. and other G20 nations have been at their highest levels since the late 1970s, causing financial strain for many individuals. Investing in closed-end funds that specialize in generating income, such as the Cohen & Steers Select Preferred and Income Fund, can provide a solution for individuals seeking additional income. The Cohen & Steers Select Preferred and Income Fund focuses on providing high current income through investments in preferred stock and bonds, but its distribution history and ability to sustain distributions in the future should be carefully evaluated.

Seeking Alpha • Aug 10, 2023

CEF Weekly Review: Inverted Yield Curve Is Not Doing Leveraged CEFs Any Favors

We review CEF market valuation and performance through the last week of June and highlight recent market action. CEFs had a great week, finishing June in strong form with higher-beta sectors in the lead. The 3-month/5-year yield curve is close to its most inverted level, which creates a strong headwind for net income of leveraged CEFs.

Seeking Alpha • Jul 8, 2023

Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) Notification of Sources of Distribution Under Section 19(a)

NEW YORK , June 29, 2023 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE: PSF) (the "Fund") with information regarding the sources of the distribution to be paid on June 30, 2023 and cumulative distributions paid fiscal year-to-date. In December 2016, the Fund implemented a managed distribution policy (the Plan) in accordance with exemptive relief issued by the Securities and Exchange Commission.

PRNewsWire • Jun 29, 2023

Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire

Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.

Seeking Alpha • Apr 11, 2023