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Cohen & Steers Select Preferred & Income Fund

PSF

Market cap $225M

18.67 USD

+0.17

0.92%

At close Updated Oct 29, 4:00 PM EDT

1 day

0.92%

5 days

3.78%

1 month

3.43%

3 months

-3.46%

6 months

-5.61%

Year to date

-8.3%

1 year

-10.93%

5 years

-36.21%

10 years

-31.59%

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.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 33.3%

Neutral 66.7%

Negative 0%

Triple-Factor Closed-End Fund Report, October 2026: PIMCO Funds Fill The Yield List

Our Triple-Factor screen identifies closed-end funds combining a yield above 6.5%, distribution coverage above 90%, and a discount to NAV, using data as of the close of October 9, 2026. PIMCO funds take six of the top seven spots on the yield list, as several that traded at premiums until recently have slipped to discounts. Among our model portfolio holdings, DHF appears on all five lists, and HFRO again has the widest discount at -43.06%.

Triple-Factor Closed-End Fund Report, October 2026: PIMCO Funds Fill The Yield List

PSF: A Hold Until Long Yields Stabilize

PSF: A Hold Until Long Yields Stabilize

PSF: A Hold Until Long Yields Stabilize

Triple-Factor Closed-End Fund Report, September 2026: HFRO's Discount Keeps Widening

Our Triple-Factor screen identifies closed-end funds combining a yield above 6.5%, distribution coverage above 90%, and a discount to NAV, screening over 400 CEFs as of the close of September 15, 2026. Portfolio holdings Highland Opportunities and Income (HFRO), BNY Mellon High Yield Strategies (DHF), PIMCO Dynamic Income Opportunities (PDO), and Blackstone Strategic Credit 2027 (BGB) all rank among this month's top lists. As a reminder, these top lists are meant to be preliminary shortlists for further research, and are not meant to be the final analysis for a buy or sell decision.

Triple-Factor Closed-End Fund Report, September 2026: HFRO's Discount Keeps Widening

PSF: Good For Monthly Income But Limited Growth Potential

Cohen & Steers Select Preferred and Income Fund remains a hold, with a stable dividend yield but limited growth catalysts amid interest rate uncertainty. PSF trades at an 8.63% discount to NAV, near the deeper end of its historical range, and offers a 7.5% monthly dividend yield supported by earnings. The portfolio is highly concentrated in banking preferreds (54%), uses 33% leverage, and holds 74% below investment-grade credits, amplifying interest rate and credit risk.

PSF: Good For Monthly Income But Limited Growth Potential

PSF: ~8% Yield On Bank Preferreds

Cohen & Steers Select Preferred and Income Fund, Inc., is rated a Buy, driven by its 9.34% discount to NAV and robust dividend coverage. PSF yields 7.79% with monthly distributions, covered 1.22x by NII plus realized gains in 2025, and maintains a diversified portfolio of 317 preferred securities. Banking sector exposure is significant at 54%, with 50% of holdings investment grade and a bias toward long-term maturities.

PSF: ~8% Yield On Bank Preferreds

Why PSF Is Mispriced: Institutional Capital, Not A Yield Fund

Cohen & Steers Select Preferred and Income Fund is mispriced due to market focus on income metrics, overlooking its capital appreciation strategy. PSF targets institutional preferreds and hybrid capital securities from large, regulated entities, profiting from rapid repricing after financial stress. The fund trades at an 8% discount to NAV, driven by investor misunderstanding of its return drivers and irregular income profile.

Why PSF Is Mispriced: Institutional Capital, Not A Yield Fund

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.

PSF: Potential Catalyst Ahead But Still Uncertain Of Dividend Coverage

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.

PSF: Attractively Valued, But Weak Dividend Coverage

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.

PSF: Much Improved, But No Inflation Protection

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.

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