PSF - CEF Weekly Market Review: What It Means To Be A Bargain

February, 04 2022 08:41 AM Cohen & Steers Select Preferred and Income Fund Inc.

We review CEF market valuation and performance through the fourth week of January and highlight recent market action.
CEF discounts recovered this week after what looked like retail capitulation and despite NAVs moving lower on the week.
Investors can sometimes be swayed by the optics of 5-10% discount compression however intelligent bargain hunting requires a few more steps.
We rotated from terms CEFs to perpetual CEFs this week in our tax-exempt allocation to take advantage of a number of new opportunities.
We also highlight a number of market developments such as the new PIMCO fund PAXS, preferred CEF sector valuations and more.

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Company Name:	Cohen & Steers Select Preferred and Income Fund Inc.
Stock Symbol:	PSF
Market:	NYSE