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Income-focused investors often appreciate distributions that are paid on a monthly basis, which can help to pay bills or compound a bit faster. In the CEF space, there is no lack of choices to consider, but we are also looking at two names that provide an attractive discount to NAV per share. In addition to paying monthly and trading at attractive discounts, these funds also pay out relatively tax-friendlier distributions as well.
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.
Preferred stocks are a little-known dividend secret. Worth knowing, by the way—they can yield up to 9.9%!
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.
Shares of Cohen and Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA - Get Free Report) shot up 0.1% during trading on Friday. The stock traded as high as $19.83 and last traded at $19.8010. 89,721 shares changed hands during trading, a decline of 45% from the average session volume of 162,354 shares. The
The broader market indexes started off 2026 on a solid note, though they underperformed micro-, small-, and mid-cap stocks. The energy sector started off with a surge for the year, but the financial services and technology sectors were starting off 2026 on the soft side. Every month, I put some capital to work in my closed-end fund portfolio to help compound my cash flow.
PTA: Discount Widening Makes This CEF Appealing Again
Shares of Perpetua Resources Corp. (NASDAQ: PPTA - Get Free Report) have earned a consensus recommendation of "Buy" from the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the