NEW YORK, Dec. 1, 2015 /PRNewswire/ -- The Board of
Directors of Cohen & Steers Select Preferred and Income Fund,
Inc. (the "Fund") has declared the Fund's December distribution, as
summarized in the chart below:
Declaration
Date
|
Ex-Date
|
Record
Date
|
Payable
Date
|
Rate
Per Share
|
December 1,
2015
|
December 17,
2015
|
December 21,
2015
|
December 31,
2015
|
$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. Assets are
allocated to investment-grade securities, below-investment-grade
securities and non-rated 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 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.
//Website: http://cohenandsteers.com/
Symbol: NYSE: CNS
About Cohen & Steers. Cohen & Steers is a
global investment manager specializing in liquid real assets,
including real estate securities, listed infrastructure,
commodities and natural resource equities, as well as preferred
securities and other income solutions. Founded in 1986, the firm is
headquartered in New York City,
with offices in London,
Hong Kong, Tokyo and Seattle.
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SOURCE Cohen & Steers; Cohen & Steers Select Preferred
and Income Fund, Inc.