Dana A. DeVivo
About Dana A. DeVivo
Dana A. DeVivo serves as Secretary and Chief Legal Officer for Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) and the broader Cohen & Steers fund complex; she was born in 1981, joined the Advisor (Cohen & Steers Capital Management, Inc.) in 2013, was Vice President from 2013–2018, and has been Senior Vice President since 2019 . The officer biography sections do not disclose education credentials or fund-level performance metrics (TSR, revenue/EBITDA growth) for officers .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Cohen & Steers Capital Management, Inc. (Advisor) | Vice President | 2013–2018 | Advisor management role |
| Cohen & Steers Capital Management, Inc. (Advisor) | Senior Vice President | 2019–present | Advisor management role |
| PSF and other Cohen & Steers Funds | Secretary and Chief Legal Officer | Listed in 2022–2025 proxies | Fund legal/governance; officer designated to make SEC bond-related filings |
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| — | — | — | None disclosed in proxy materials |
Fixed Compensation
- Officers of the Funds (other than the Chief Compliance Officer) and Interested Directors do not receive compensation from the Funds; compensation tables cover directors and the CCO only .
| Component | Status/Amount | Source |
|---|---|---|
| Base salary | Not disclosed by PSF; officers (other than CCO) receive no fund-level compensation | |
| Target bonus % | Not disclosed by PSF | |
| Actual bonus paid | Not disclosed by PSF | |
| Equity grants (RSUs/PSUs/options) | Not disclosed by PSF | |
| Pension/SERP | Director table notes directors have no pension/retirement; officer pension/SERP not disclosed | |
| Severance / Change-of-control | Not disclosed by PSF | |
| Clawback provisions | Not disclosed by PSF | |
| CCO fund compensation (context) | PSF paid $2,177 (2023) and $1,844.63 (2024) to CCO Stephen Murphy |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| — | — | — | — | — | Not disclosed; officers (other than CCO) are not compensated by the Funds |
Equity Ownership & Alignment
- Officer-specific beneficial ownership for Dana A. DeVivo is not itemized in PSF proxies; the documents present director dollar-range ownership and aggregate group holdings rather than officer-level figures .
- As of January 31, 2024, directors and officers of PSF as a group owned 8,070.68 shares; the proxy explicitly states this is less than 1% of outstanding securities for each fund . PSF had 12,026,703 shares of common stock outstanding as of the February 14, 2025 record date .
| Item | Amount | Date |
|---|---|---|
| Directors and officers as a group – PSF shares | 8,070.68 | Jan 31, 2024 |
| Statement on group ownership | Less than 1% of outstanding | Jan 31, 2024 |
| PSF shares outstanding | 12,026,703 | Feb 14, 2025 |
- Pledging/hedging: No pledging or hedging disclosures are provided for officers in the PSF proxy .
- Stock ownership guidelines & compliance: Not disclosed for officers in the PSF proxy .
- Section 16 filings: Proxies note compliance with Section 16, with exceptions attributed to other individuals (Elaine Zaharis‑Nikas; William F. Scapell; Jane F. Magpiong); no exceptions were noted naming Dana A. DeVivo in these disclosures .
Employment Terms
- Appointment/tenure: Listed as Secretary and Chief Legal Officer across the fund complex; signed fidelity bond certificates as Secretary and Chief Legal Officer on Feb 28, 2025, and is designated among officers responsible for SEC filings under Rule 17g‑1 .
- Contract term, severance, change‑of‑control, non‑compete/solicit, garden leave, post‑termination consulting: Not disclosed in PSF proxy materials .
Investment Implications
- Pay-for-performance linkage and selling pressure: Fund-level proxies do not disclose cash/equity compensation for officers like Dana (only directors and the CCO are compensated at the fund level), limiting analysis of personal incentive levers or near‑term insider selling pressure from vesting schedules .
- Alignment signals: Officer-level ownership and pledging disclosures are not provided; aggregate group ownership in PSF is explicitly under 1%, suggesting minimal direct insider exposure on the fund’s equity, though this is not attributable specifically to Dana .
- Governance/continuity: As Secretary and Chief Legal Officer, Dana is central to fund governance and regulatory filings (e.g., fidelity bond certification and SEC notice responsibilities), which supports operational continuity and compliance rigor but does not create specific trading signals in the absence of compensation/ownership granularity .
- Risk indicators: Proxy disclosures do not identify legal proceedings, clawbacks, severance/change‑of‑control economics, or pledging related to Dana; absence of such disclosures reduces identifiable red flags but limits visibility into retention risk and incentive structure at the individual-officer level .