PTA: Long Duration Could Weigh On Real Returns

Cohen & Steers Tax-adv Prd Sec and Inc offers a 7.95% yield, outperforming preferred stock indices but lagging some peer closed-end funds on income. The PTA fund's high duration and exposure to inflation risk make it less attractive than shorter-duration peers, especially in today's macro environment. PTA is trading at a 3.25% discount to NAV, but this is narrower than its historical average, so waiting for a wider discount may be prudent.

Seeking Alpha • Sep 3, 2025

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.

Seeking Alpha • Jun 17, 2025

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.

Seeking Alpha • Apr 3, 2025

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.

Seeking Alpha • Jan 18, 2025

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.

Seeking Alpha • Oct 14, 2024

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.

Seeking Alpha • Sep 25, 2024

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.

Seeking Alpha • Jun 16, 2024

PTA: This Fund Could Be Vulnerable To A Market Correction

The Cohen & Steers Tax-adv Prd Sec and Inc. has a current yield of 8.78%, which is lower than some of its peers. The PTA closed-end fund's recent share price performance has been underwhelming, with a decline of 0.97% since the previous article was published.

Seeking Alpha • Apr 16, 2024

PTA: Remains A 'Buy' At An Attractive Valuation

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund remains an attractive place to invest in the preferred space. The fund has experienced volatility due to leverage and exposure to convertible contingency securities, but its total NAV returns have held up well. PTA's distribution yield is 8.73%, but NII coverage is low and capital gains have not fully offset the decline in net investment income.

Seeking Alpha • Jan 28, 2024

My Top 10 Closed-End Fund Holdings: December 2023

I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.

Seeking Alpha • Jan 6, 2024