The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund, Inc. (NYSE: PTA) is a closed-end management investment company sponsored by Cohen & Steers, a global investment manager known for its expertise in real estate and preferred securities. The fund seeks to provide total return through a combination of current income and capital appreciation, with an emphasis on tax-advantaged distributions. It trades on the New York Stock Exchange, offering investors liquidity and access to a professionally managed portfolio of income-oriented securities.
The fund’s investment strategy centers on preferred securities issued by U.S. and select international corporations, along with related instruments such as convertible securities, common stocks, and corporate debt. Portfolio managers conduct in-depth credit research and sector analysis—focusing on financials, utilities, energy and other high-yield sectors—to construct a diversified portfolio designed to deliver attractive risk-adjusted returns. Interest rate and duration management are integral to the process, helping to navigate evolving market conditions.
To enhance yield, the fund may employ leverage within board-approved limits, thereby increasing exposure to income-producing assets. It distributes income monthly, aiming to offer a consistent cash flow stream for investors seeking reliable dividends. Cohen & Steers leverages its global research capabilities to identify opportunities across developed and emerging markets, while adhering to the fund’s mandate for tax-efficient income generation.
Cohen & Steers, founded in 1986, has established a strong track record in managing closed-end funds and specialized income strategies. Its leadership team comprises seasoned portfolio managers and credit analysts with extensive experience in preferred and real estate sectors. The Tax-Advantaged Preferred Securities and Income Fund reflects the firm’s commitment to offering tailored solutions for investors focused on income and total return objectives.
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