Cohen & Steers Select Preferred & Income FundPSF
PSF
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 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
122% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 9
3.52% less ownership
Funds ownership: 23.25% [Q2] → 19.73% (-3.52%) [Q3]
4% less funds holding
Funds holding: 45 [Q2] → 43 (-2) [Q3]
8% less capital invested
Capital invested by funds: $55.4M [Q2] → $50.9M (-$4.44M) [Q3]
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Research analyst outlook
We haven’t received any recent analyst ratings for PSF.
Financial journalist opinion
Positive
Seeking Alpha
2 months ago
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.
Positive
Seeking Alpha
6 months ago
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.
Neutral
Seeking Alpha
7 months ago
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.
Negative
Seeking Alpha
11 months ago
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.
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