Cohen & Steers Select Preferred & Income Fund
PSF

$20.49

0.24%

Market Cap: $246M

About: Cohen & Steers Select Preferred and Income Fund Inc is a diversified, closed-end investment company. The Fund's primary investment objective is high current income with capital appreciation as its secondary objective. The Fund invests at least of its Managed Assets in preferred and other income securities issued by U.S. and non-U.S. companies.

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

111% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 9

2% less funds holding

Funds holding: 46 [Q1] → 45 (-1) [Q2]

4.07% less ownership

Funds ownership: 22.29% [Q1] → 18.22% (-4.07%) [Q2]

19% less capital invested

Capital invested by funds: $53.4M [Q1] → $43.4M (-$9.98M) [Q2]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

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Research analyst outlook

We haven’t received any recent analyst ratings for PSF.

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Financial journalist opinion

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.

CEF Report | May 2024 | Activism Is Heating Up

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.

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

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.

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

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