Cohen & Steers Select Preferred and Income Fund, Inc.

Exhibit (p)

Xxxxx & Steers Select Preferred and Income Fund, Inc.

000 Xxxx Xxxxxx

New York, New York 10017

October 6, 2010

Xxxxx & Steers Capital Management, Inc.

000 Xxxx Xxxxxx

New York, New York 10017

Dear Sirs:

Xxxxx & Steers Select Preferred and Income Fund, Inc. (the “Fund”) hereby accepts your offer to purchase 4,200 shares of the Fund’s common stock, par value $.001 per share, at a price of $23.875 per share for an aggregate purchase price of $100,296. This agreement is subject to the understanding that you have no present intention of selling or redeeming the shares so acquired.

Sincerely,
Xxxxx & Steers Select Preferred and Income Fund, Inc.
By:
		Name:		Xxxxxxx X. Xxxx
				Secretary

Accepted:
Xxxxx & Steers Capital Management, Inc.
By:
		Name:		Xxxx X. Xxxxxxxx
				President