PSF: Attractively Valued, But Weak Dividend Coverage

  • PSF provides attractive income with a 7.6% yield and global diversification, making it appealing for long-term, income-focused investors. The fund currently trades at a 7.5% discount to NAV, offering a compelling entry point, especially if interest rates decline in the future. PSF's performance and dividend coverage have been inconsistent, raising concerns about the sustainability of its high payout.