Summary
PSF Chart
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.
Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Passes Above 50 Day Moving Average – Here’s Why
Cohen and Steers Select Preferred and Income Fund, Inc. (NYSE: PSF - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $19.91 and traded as high as $20.13. Cohen and Steers Select Preferred and Income Fund shares last traded at
PSF: ~8% Yield On Bank Preferreds
Cohen & Steers Select Preferred and Income Fund, Inc., is rated a Buy, driven by its 9.34% discount to NAV and robust dividend coverage. PSF yields 7.79% with monthly distributions, covered 1.22x by NII plus realized gains in 2025, and maintains a diversified portfolio of 317 preferred securities. Banking sector exposure is significant at 54%, with 50% of holdings investment grade and a bias toward long-term maturities.
Cohen & Steers Select Preferred and Income Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 60,881 | $1.23M | $1.22M | -$15,677.89 | -1.27% |
 Kyle P. Smith NewEdge Wealth LLC | 12,074 | $226,025.28 | $241,480 | $15,454.72 | 6.84% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 4,732 | $94,592.68 | $94,971.24 | $378.56 | 0.4% |
| MS Michael Schneck Gridiron Partners LLC | 34,086 | $708,307.08 | $682,060.86 | -$26,246.22 | -3.71% |
 Christopher C. Powers Farther Finance Advisors, LLC | 2,501 | $50,009.81 | $49,619.84 | -$389.97 | -0.78% |
Cohen & Steers Select Preferred and Income Fund (PSF) FAQ
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Cohen & Steers Select Preferred and Income Fund Profile
| NYSE Exchange | US Country |
Overview
Cohen & Steers Select Preferred and Income Fund, Inc. is a closed-ended fixed income mutual fund that was established by Cohen & Steers Inc. and launched on August 16, 2010. It is managed by Cohen & Steers Capital Management, Inc. The primary focus of the fund is to invest in the fixed income markets globally, with a particular emphasis on preferred and debt securities. In addition to these investments, the fund allocates a portion of its portfolio to other investment vehicles such as open-end funds, closed-end funds, or exchange-traded funds that primarily focus on preferred and/or debt securities.
The fund's investment strategy includes traditional preferred securities, hybrid-preferred securities, floating rate preferred securities, corporate debt securities, and convertible securities, all with maturities of ten years or more. To amplify potential returns, the fund employs leverage of up to 33.33% of its managed assets through the strategic use of borrowings. The investment decisions are driven by fundamental analysis, taking into account the creditworthiness of issuers, prevailing market factors, and the proprietary structure of issuers' corporate and capital frameworks. Performance is benchmarked against multiple indices, including the BofA Merrill Lynch Fixed Rate Preferred Index, Barclays Capital U.S. Aggregate Bond Index, and a composite benchmark comprising 50% of the BofA Merrill Lynch US Capital Securities Index and 50% of the BofA Merrill Lynch Fixed Rate Preferred Index.
Products and Services
- Fixed Income Investments: The fund primarily invests in a variety of fixed income instruments including traditional preferred securities, hybrid-preferred securities, floating rate preferred securities, corporate debt securities, and convertible securities, aiming for maturity of ten years or more to provide stable returns.
- Leverage Utilization: By employing leverage up to 33.33%, the fund seeks to enhance its return potential, carefully considering the risks associated with increased exposure to market fluctuations.
- Investment Analysis: A rigorous fundamental analysis process is used to evaluate potential investments, focusing on the creditworthiness of the issuer, market conditions, and the issuer's capital and corporate structure.
- Portfolio Benchmarking: The performance of the fund is benchmarked against leading indices, including the BofA Merrill Lynch Fixed Rate Preferred Index and the Barclays Capital U.S. Aggregate Bond Index, allowing for effective comparison and assessment of performance.
- Diversified Investment Strategies: The fund's portion of investments in other funds enables a diversified approach, investing in various open-end and closed-end funds or ETFs that align with the preferred and debt securities strategy.
