- It continues to be a difficult market for anyone seeking to live off of their assets as interest rate policy has made it extremely difficult to get income.
- PSF is one solution for that as it offers a lot to like, such as its diversification and reasonably attractive yield.
- The fund is highly focused on the financial sector but this is not unusual for a preferred stock fund.
- The fund failed to cover its distribution in 2020 but over the 2019-2020 period it was able to so the distribution does appear to be sustainable.
- The fund is trading for a very large premium to NAV, which makes it a challenge to recommend today.
For further details see:
PSF: This Fund Has A Lot To Offer But The Price Is Way Too High