Cohen & Steers Select Preferred and Income Fund
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Company profile

Cohen & Steers Select Preferred and Income Fund, Inc. (the Fund) is a closed-end management investment company. The Fund invests in securities that are listed on the New York Stock Exchange (NYSE). It also invests in preferred securities, corporate bonds, short-term investments, interest rate swap contracts and forward foreign currency exchange contracts. The Fund invests at least 25% of its net assets in the financial sector. It invests in various sectors, such as electric, real estate, industrials, utilities, other, insurance, banks, material and pipelines. Its portfolio has investment in geographic region, including the United States, the United Kingdom, France, Switzerland, Japan, the Netherlands, Bermuda, Hong Kong, Italy and Spain. The Fund’s investment advisor is Cohen & Steers Capital Management, Inc.

Closing Price
$25.51
Day's Change
0.09 (0.35%)
Bid
--
Ask
--
B/A Size
--
Day's High
25.67
Day's Low
25.41
Volume
(Light)
Volume:
15,360

10-day average volume:
27,384
15,360

EU 'hit list' would reportedly impose tougher rules on big tech companies

6:55 pm ET October 11, 2020 (MarketWatch)
Print

By Mike Murphy

Financial Times reports European regulators are looking to rein in big U.S. internet giants

European regulators are reportedly preparing a "hit list" of up to 20 big tech companies that would be subject to strict new rules.

The Financial Times reported Sunday (https://www.ft.com/content/c8c5d5dc-cb99-4b1f-a8dd-5957b57a7783) that the list of large internet companies -- which likely would include Apple Inc. (AAPL), Amazon.com Inc. (AMZN) and Facebook Inc. (FB) -- would be forced to share data with rivals and be more transparent in their data collection under the EU proposal. The companies on the "hit list" would also be subject to tighter regulations than smaller internet companies.

European regulators are concerned that the biggest internet companies' hold on market share is too great, stifling competition.

The move is part of a European effort to force tech companies to change their ways without resorting to costly and drawn-out investigations or proving antitrust, the FT said.

The list will be heavily skewed toward U.S. companies, the FT reported, and regulators could reportedly force the breakup of some companies, in extreme circumstances.

The exact number of companies included and the specific criteria for inclusion on the list are still being hammered out, the FT said.

A number of big-name tech companies, including Apple, Facebook, Amazon and Google parent Alphabet Inc. (GOOGL)(GOOGL), are under antitrust scrutiny (https://www.marketwatch.com/story/big-tech-is-turning-on-one-another-amid-antitrust-probes-and-litigation-2020-09-11) in the U.S. as well. Last week, a House subcommittee said Congress should consider breaking up some companies (https://www.marketwatch.com/story/congress-should-consider-breaking-up-big-tech-and-limiting-acquisitions-11602015983), and limiting their acquisitions.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 11, 2020 18:55 ET (22:55 GMT)

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