Morgan Stanley (PSF) trims Cohen & Steers fund holdings below 5% threshold
Rhea-AI Filing Summary
Morgan Stanley and its affiliate Morgan Stanley Smith Barney LLC report beneficial ownership of Cohen & Steers Select Preferred & Income Fund, Inc. common stock, holding 546,936 shares, representing 4.6% of the class, with shared voting and dispositive power.
Both reporting persons state that, as of this date, each has ceased to be the beneficial owner of more than five percent of this class of securities, indicating their ownership has fallen below the 5% reporting threshold for large shareholders.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 546,936 shares
Percent of class: 4.6%
Shared voting power: 2 shares
+1 more
4 metrics
Shares beneficially owned
546,936 shares
Beneficial ownership of PSF common stock reported by each Morgan Stanley entity
Percent of class
4.6%
Portion of PSF common stock class beneficially owned
Shared voting power
2 shares
Number of PSF shares over which Morgan Stanley reports shared voting power
Shared dispositive power
546,936 shares
Number of PSF shares over which Morgan Stanley reports shared dispositive power
Key Terms
beneficial owner, shared dispositive power, Schedule 13G, parent holding company
4 terms
beneficial owner financial
"has ceased to be the beneficial owner of more than five percent"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Schedule 13G regulatory
"this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
parent holding company financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
FAQ
What ownership stake in PSF does Morgan Stanley report in this Schedule 13G/A?
Morgan Stanley reports beneficial ownership of 546,936 shares of Cohen & Steers Select Preferred & Income Fund (PSF) common stock, equal to 4.6% of the outstanding class, held with shared voting and dispositive power.
What does it mean that Morgan Stanley owns 4.6% of PSF?
Owning 4.6% means Morgan Stanley and its affiliate jointly hold 546,936 PSF shares with shared voting and dispositive power, making them a significant but sub-5% institutional shareholder in the fund’s common stock.
Has Morgan Stanley’s beneficial ownership in PSF changed relative to the 5% threshold?
Yes. Morgan Stanley and Morgan Stanley Smith Barney LLC each state they have ceased to be beneficial owners of more than 5% of PSF, indicating their holdings have declined below the 5% large‑holder threshold.
Who are the reporting persons in this PSF Schedule 13G/A filing?
The filing lists two reporting persons: Morgan Stanley and Morgan Stanley Smith Barney LLC, both organized in Delaware and sharing a principal business address at 1585 Broadway, New York, NY 10036.
AI-generated analysis. How Rhea-AI works. Not financial advice.