Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA)
NYSE NYSE Primary NASDAQ 
PTA: Trades At A Discount But Uncertain Outlook
Cohen & Steers Tax-Adv Pref Secs and Inc Fund offers an 8.5% yield, appealing mainly to income-focused investors seeking portfolio diversification. PTA trades at a 7.5% discount to NAV, but rising interest rates and high leverage (34.61%) present notable risks to earnings and capital preservation. 77% of PTA's holdings are below investment grade, with heavy concentration in financials, increasing default and sector-specific risk exposure.
PTA: Worry About Inflation, Not The Problems In Private Credit
The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) offers an 8.40% yield, primarily investing in preferred stocks with significant banking sector exposure. PTA trades at a 7.29% discount to NAV, aligning with its historical average and appearing reasonably priced relative to peers. Distribution coverage relies on both net investment income and realized gains; recent NAV decline suggests potential sustainability concerns if market conditions worsen.
PTA: Discount Widening Makes This CEF Appealing Again
PTA: Discount Widening Makes This CEF Appealing Again
Meta used National PTA to promote child safety efforts, report finds
A report by the Tech Transparency Project alleges the National PTA's relationship with Meta "gives a sheen of expert approval" to the company's "efforts to keep young users engaged on its platforms." The report claims that Meta's tactics are used to counter concerns that services like Instagram can be harmful to teens in an attempt to shape the public narrative.
PTA: Preferred And Fixed-Income Exposure Paying A Monthly Distribution
PTA offers an attractive 8.2% yield through monthly distributions, but its narrow discount keeps it at a 'Hold' for now. The fund has outperformed benchmarks since inception; however, it was in an asset class that hasn't seen strong results. Interest rate swaps have helped offset rising borrowing costs for the fund, but future rate cuts are looking limited, so we could see borrowing cost pressures.
PTA: Suffering From Rising Rates, But A Decent Preferred Fund
The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund offers an 8.14% yield, higher than most fixed-income indices, making it attractive for income-seeking investors. Despite recent market turbulence, the fund has maintained its distribution and outperformed the preferred stock index, showcasing its resilience and effective management. The fund's cash position appears to have increased, which could be costing it some investment income versus keeping the money invested in preferred stocks.
PTA: Discount Widens Out And Investment Policy Gets A Tweak
Since our last update, PTA's discount to NAV has widened, making it a more appealing investment for those seeking exposure to preferred and income-generating securities. The fund's recent pullback is the result of the overall greater volatility and the greater sensitivity that PTA has to interest rate changes, both long and short-term rates. PTA's investment policy has seen a change since our prior update that is effective in early 2025, but it remains to be seen how significant this might alter the fund.
PTA: Discount Narrows But Fund Positioned To Benefit From Lower Rates
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund provides investors exposure to a portfolio of preferred and other income-focused securities. PTA looks better in a lower-rate environment, and we've already seen the fund recovering meaningfully from its lows last year; total returns were helped even further by the discount narrowing. The fund provides investors with an attractive ~7.7% distribution rate and should see income coverage improve as the Fed cuts rates.
PTA: This CEF Spent Down Its Cash Position To Profit From The Preferred Rally
The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund offers a 7.68% yield, higher than the major fixed-income indices, which provides substantial income for investors. Despite a 16.77% decline in share price over three years, the fund's large distributions significantly boost total returns, showing the power of high yields. The fund's cash holdings fell significantly after October of last year, suggesting that it bought into the rally in preferred stock.
PTA And FLC: Exposure To Preferred Securities And Monthly Distributions
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund and Flaherty & Crumrine Total Return Fund have been performing well as rates have stabalized. PTA has outperformed FLC in terms of total NAV and share price returns over the last three years thanks partly to being hedged. Both funds are leveraged and may benefit from future rate cuts, but it is FLC that could potentially see the greater rebound.
