Cohen & Steers Select Preferred and Income Fund, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- James Giallanza
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1166 Avenue of the Americas New York NY United States of America 10036
- IPO Date
- Nov 26, 2010
- CIK
- 0001498612
- Website
- cohenandsteers.com
- Similar Companies
- Business
- Cohen & Steers Select Preferred and Income Fund, Inc. Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE: PSF) is a closed-end fixed income fund managed by Cohen & Steers Capital Management, Inc., that seeks high current income as its primary objective with capital appreciation secondary; it normally invests at least 80% of managed assets in preferred and other income securities issued by U.S. and non-U.S. companies, including traditional preferred securities, hybrid-preferred securities, floating-rate preferred securities, corporate debt securities, convertible securities with maturities of ten years or longer, and portions in other open-end, closed-end, or exchange-traded funds focused on preferred or debt securities. The Fund, launched in 2010 and based in New York, employs leverage up to 33.33% of managed assets through borrowings and fundamental analysis emphasizing issuers' creditworthiness, market factors, corporate structures, and securities placement within those structures; it benchmarks against the BofA Merrill Lynch Fixed Rate Preferred Index and operates globally across fixed income markets with portfolio managers Elaine Zaharis-Nikas and Jerry Dorost. Recent strategic changes include a July 2023 Board-approved distribution policy shift to maintain level monthly distributions, replacing the prior 2016 managed plan, with potential components of net investment income, capital gains, or return of capital; ongoing leverage cost management through variable rate financing and interest rate swaps locking rates through 2028 to support dividend stability amid rate volatility; and sustained monthly dividend declarations at $0.126 per share into 2025, alongside proxy statements in 2024 and 2023 addressing governance and performance.
Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Passes Above 50 Day Moving Average – Here’s Why
PSF: ~8% Yield On Bank Preferreds
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PSF: Great Income Fund With Improving Valuation
Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) Notification of Sources of Distribution Under Section 19(a)
PTA: Preferred Fund At An Attractive Valuation
Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) Notification of Sources of Distribution Under Section 19(a)