Cohen & Steers Preferred Securities and Income SMA Shares, Inc.

Exhibit (l)

Xxxxx & Steers Preferred Securities and Income SMA Shares, Inc.

000 Xxxx Xxxxxx

Xxx Xxxx, Xxx Xxxx 00000

January 7, 2019                            

Xxxxx & Steers Capital Management, Inc.

000 Xxxx Xxxxxx

Xxx Xxxx, Xxx Xxxx 00000

Dear Sirs:

Xxxxx & Steers Preferred Securities and Income SMA Shares, Inc. (the “Fund”) hereby accepts your offer to purchase 10,000 shares of Common Stock of the Fund, at a cash price of $10.00 for such shares, for an aggregate purchase price of $100,000. This agreement is subject to the understanding that you have no present intention of selling or redeeming the shares so acquired.

Sincerely,
Xxxxx & Steers Preferred Securities and Income SMA Shares, Inc.
By:		/s/ Xxxx X. Xxxxxxxx
Name:		Xxxx X. Xxxxxxxx
Title:		President and Chief Executive Officer

Accepted:
Xxxxx & Steers Capital Management, Inc.
By:		/s/ Xxxxxxx X. Xxxx
Name:		Xxxxxxx X. Xxxx
Title:		Executive Vice President and General Counsel