Cohen & Steers Select Preferred and Income Fund, Inc. (PSF)

Frequently Asked Questions About Cohen & Steers Select Preferred and Income Fund, Inc. (PSF)

Are there any tax considerations for investing in PSF?

Investors in Cohen & Steers Select Preferred and Income Fund, Inc. should be aware of the tax implications associated with dividends and capital gains. Distributions from the fund may be subject to ordinary income tax rates, and portions of the dividends might be classified as qualified dividends, potentially reducing the tax burden for investors based on their tax bracket. It's advisable to consult with a tax professional for personalized guidance.

How can investors buy shares of PSF?

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. can be purchased through brokerage accounts just like stocks and other exchange-traded investments. Investors can buy shares at market prices on the New York Stock Exchange under the ticker symbol PSF. It's advisable for potential investors to conduct thorough research or consult with a financial advisor before investing.

How does PSF fit into a diversified investment portfolio?

Cohen & Steers Select Preferred and Income Fund, Inc. can serve as a valuable component in a diversified investment portfolio, particularly for those seeking income generation. By including preferred and income-producing securities, the fund can provide exposure to different asset classes and potential yield, while diversification can help mitigate risk and enhance overall portfolio performance.

How does PSF's performance compare to benchmarks?

Cohen & Steers Select Preferred and Income Fund, Inc. is often compared to relevant benchmarks such as the ICE BofA U.S. Preferred Stock Index and other similar funds within the preferred stock sector. This comparison helps investors gauge the fund's performance relative to the broader market and its peers, highlighting the effectiveness of its investment strategy in terms of returns and risk.

How often does PSF pay dividends?

Cohen & Steers Select Preferred and Income Fund, Inc. generally pays dividends on a monthly basis. This regular income distribution is designed to provide shareholders with a steady stream of income, which can be appealing to investors seeking consistent cash flow from their investments.

How often does PSF report its performance?

Cohen & Steers Select Preferred and Income Fund, Inc. typically reports its performance on a quarterly basis through shareholder updates, as well as in its annual and semi-annual reports. These documents provide insights into the fund's investment strategies, performance metrics, holdings, and market conditions, and investors are encouraged to review these updates regularly to stay informed.

Is PSF suitable for income investors?

Yes, Cohen & Steers Select Preferred and Income Fund, Inc. is often viewed as a suitable investment for income-focused investors. The fund's strategy of investing in preferred securities and other income-producing assets aims to generate high current income, making it an attractive option for those looking for regular income streams while also considering potential capital appreciation.

What are the risks associated with investing in PSF?

Investing in Cohen & Steers Select Preferred and Income Fund, Inc. involves certain risks, including market risk, interest rate risk, and credit risk. Since the fund invests in preferred securities and other income-generating assets, changes in interest rates can significantly impact income and share prices. Additionally, investors should be aware of the inherent credit risk associated with the underlying issuers of the securities held in the fund's portfolio.

What does Cohen & Steers Select Preferred and Income Fund, Inc. do?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE: PSF) is a closed-end management investment company that primarily focuses on investing in preferred and income-producing securities. The fund aims to provide its shareholders with a high level of current income and capital appreciation through its diversified portfolio, which includes investments in both U.S. and international preferred stocks and income-producing debt securities.

What has been the historical performance of PSF?

The historical performance of Cohen & Steers Select Preferred and Income Fund, Inc. can be assessed through past total return data, which includes both income dividends and capital appreciation. While past performance is not indicative of future results, the fund has historically aimed to provide strong returns to shareholders, benefiting from its investment strategy in preferred and income-producing securities.

What impact do interest rates have on PSF?

Interest rates play a significant role in the performance of Cohen & Steers Select Preferred and Income Fund, Inc. As interest rates rise, the prices of existing preferred securities may decline, impacting the fund's net asset value (NAV) and distributions. Conversely, declining interest rates can enhance the appeal of preferred securities, potentially leading to appreciation in their prices and greater income for the fund.

What is the current market price of PSF?

The current market price of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE: PSF) fluctuates throughout the trading day based on market demand and supply. Investors interested in the fund should check financial news platforms or stock market applications to access up-to-date pricing information, which can assist in making informed investment decisions.

What is the expense ratio of PSF?

The expense ratio of Cohen & Steers Select Preferred and Income Fund, Inc. can vary and is an important factor to consider for investors assessing the fund's cost-efficiency. As of the latest reporting, the expense ratio generally reflects management fees and operational expenses, so it is advisable for investors to check the most recent financial statements for specific details.

What is the investment strategy of PSF?

Cohen & Steers Select Preferred and Income Fund, Inc. employs an active investment strategy that involves selecting high-quality, undervalued preferred stocks and other income-generating securities. The fund managers conduct thorough research and analysis on market conditions, interest rates, and issuer credit quality to determine the best opportunities for income and capital appreciation within the preferred securities market.

What is the typical dividend yield of PSF?

The dividend yield for Cohen & Steers Select Preferred and Income Fund, Inc. can fluctuate based on market conditions and the performance of the underlying securities in its portfolio. Historically, the fund has aimed to provide a competitive yield compared to similar funds, and investors can typically expect a yield that reflects the income-generating characteristics of its preferred stock investments.

What types of securities does PSF invest in?

The fund invests primarily in preferred securities, which are hybrid instruments that possess characteristics of both equity and debt. In addition to preferred stocks, Cohen & Steers Select Preferred and Income Fund, Inc. may also invest in other income-producing securities, such as corporate bonds and convertible securities, to enhance income and diversify its portfolio.

When was the fund established?

Cohen & Steers Select Preferred and Income Fund, Inc. was established in 2004. Since its inception, the fund has been managed with the goal of offering investors attractive income potential and the opportunity for long-term capital appreciation through a focused selection of preferred and income-producing securities.

Where can I find more information about PSF?

More information about Cohen & Steers Select Preferred and Income Fund, Inc. can be found on its official website, through the Cohen & Steers investor relations portal, or by reviewing the fund's investment literature, such as fact sheets, annual reports, and SEC filings. These resources provide vital details on the fund's performance, strategies, and shareholder services.

Who are the typical investors in PSF?

Typical investors in Cohen & Steers Select Preferred and Income Fund, Inc. include income-focused investors, retirees seeking stable cash flow, and institutional investors looking for diversification within their portfolios. The fund's strategy of offering current income and potential for capital appreciation attracts a range of investors who prioritize income generation.

Who manages Cohen & Steers Select Preferred and Income Fund, Inc.?

Cohen & Steers, Inc. is the investment manager of the Cohen & Steers Select Preferred and Income Fund, Inc. The firm specializes in real assets and alternative investments, employing a team of experienced investment professionals who focus on disciplined investment strategies to maximize total returns for the shareholders.

What is the current price of Cohen & Steers Select Preferred and Income Fund, Inc.?

The current price of Cohen & Steers Select Preferred and Income Fund, Inc. is 18.32

When was Cohen & Steers Select Preferred and Income Fund, Inc. last traded?

The last trade of Cohen & Steers Select Preferred and Income Fund, Inc. was at 3:56 pm EDT on April 10th, 2025