Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to generate high current income by investing primarily in preferred securities and other income-producing instruments. The fund’s portfolio managers employ a disciplined, research-driven approach to select preferred stocks, corporate bonds, trust securities and other yield-oriented instruments. Emphasis is placed on issuers with strong credit profiles and stable cash flows, while also seeking to exploit relative-value opportunities across sectors and geographies.
The fund’s investments span a broad range of industries, including financial services, utilities, energy and real estate, with the flexibility to allocate among U.S. and non-U.S. securities. In addition to traditional preferred equities, the portfolio may include convertible securities, bank capital instruments, business development company shares and global depository receipts. This diversified strategy aims to mitigate interest-rate and sector concentration risks, while capturing attractive income streams in varying market environments.
Since its inception, Cohen & Steers Select Preferred and Income Fund has combined the extensive fixed-income and preferred-securities expertise of its affiliate, Cohen & Steers, with active portfolio management and risk monitoring. The fund offers monthly distributions and strives to balance yield generation with capital preservation. It may employ modest leverage to enhance income potential, and positions are regularly reviewed to manage credit quality and interest-rate sensitivity.
Managed by a dedicated team of investment professionals based in New York, the fund benefits from Cohen & Steers’ decades-long legacy in real asset and income-oriented strategies. Portfolio decisions are supported by in-house research on corporate fundamentals, market trends and regulatory developments. Through this combination of specialization and global perspective, Cohen & Steers Select Preferred and Income Fund aims to deliver a consistent income solution for investors seeking exposure to preferred securities and other high-yield instruments.
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