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PTA is a hybrid capital security, not common stock.
This listing is a capital note, preference share, or similar instrument associated with Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund. Data providers report company-level figures against it, so fundamentals, valuation multiples, and dividend history on this page describe the issuing company — not this instrument — and its market capitalization cannot be computed reliably, so it is not shown. The quoted price is the instrument's own.
See exactly how PTA's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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The Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) functions as a specialized, closed-end investment vehicle. This fund commenced operations on November 14, 2019, and has its principal office located in New York, NY.
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