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Cohen & Steers Select Preferred and Income Fund (PSF) Declares February 2014 Monthly Distribution

NEW YORK, Feb. 3, 2014 /PRNewswire/ -- The Board of Directors of Cohen & Steers Select Preferred and Income Fund, Inc. (the "Fund") has declared the Fund's February dividend, as summarized in the chart below:

Declaration

Date

 

Ex-Date

Record

Date

Payable

Date

Rate

Per Share






February 3, 2014

February 18, 2014

February 20, 2014

February 28, 2014

$0.172

The Fund seeks high current income, with a secondary objective of capital appreciation, by investing primarily in U.S. and non-U.S. preferred and other income securities. Generally, the majority of assets are allocated to investment-grade securities believed by the manager to be undervalued relative to their credit quality and other characteristics, such as company fundamentals.

The amount and composition of the Fund's distributions will be disclosed monthly at cohenandsteers.com; however, this information may change after each calendar year end, once the final tax characteristics of all Fund distributions can be determined with certainty. Final tax characteristics of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of each calendar year. The Fund expects to pay monthly cash distributions at a level rate, which may be adjusted from time to time based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out more than its net investment income.

The amount of monthly distributions may vary over time depending on a number of factors, including changes in portfolio and market conditions. The Fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital.

Return of capital includes distributions paid by a fund in excess of its net investment income, and such excess is distributed from the fund's assets.

More information is available at cohenandsteers.com.
Symbol: NYSE: CNS

About Cohen & Steers. Founded in 1986, Cohen & Steers is a leading global investment manager with a long history of innovation and a focus on real assets, including real estate, infrastructure and commodities. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world.

SOURCE Cohen & Steers; Cohen & Steers Select Preferred and Income Fund, Inc.

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