PSF: Recession Risks Increase, Making Preferred Stock Funds More Appealing [Seeking Alpha]
Cohen & Steers Select Preferred and Income Fund, Inc. (PSF)
US:NYSE Investor Relations:
en.wikipedia.org/wiki/cohen_(surname)
Company Research
Source: Seeking Alpha
PSF: Recession Risks Increase, Making Preferred Stock Funds More Appealing Summary Preferred stocks can be somewhat safer to hold in a recession than common stocks due to being higher up in the capital stack. PSF offers a good way to own these instruments due to its high amount of diversification and high distribution yield. The fund has been run up quite a bit and currently trades at an enormous 8% premium to net asset value. There are numerous indicators flashing that the US has a high chance of entering into a recession in the next twelve to eighteen months. Investors may want to invest in defensive assets to protect themselves, but I am hesitant to recommend this fund because of that high premium. As some of my readers are no doubt aware, I have been concerned about an impending recession for quite some time. In response to this conviction, I have been seeking conservative and defensive investments to add to my portfolio in order to ride out what may be coming. One possible option
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Sec Filings
- 3/13/24 - Form N-CEN
- 3/8/24 - Form N-CSR
- 2/28/24 - Form NPORT-P
- PSF's page on the SEC website