PTA CEF: Some Improvements, But Shares Are Not As Attractively Priced (NYSE:PTA)

Ilja Enger-Tsizikov

The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) is a closed-end fund that investors can employ in order to generate a high level of income from the assets in their portfolios. The fund has

Fund

Current Yield

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

8.65%

John Hancock Preferred Income Fund (HPI)

9.74%

First Trust Intermediate Duration Preferred & Income Fund (FPF)

10.33%

John Hancock Preferred Income Fund II (HPF)

9.56%

John Hancock Preferred Income Fund III (HPS)

9.84%

Asset Type

Previous Allocation

Current Allocation

Preferred Stock

57.21%

56.51%

Bonds

36.81%

37.34%

Convertible Securities

4.74%

5.59%