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PTA / PTA: Sticking With This 9.4% - Yielding CEF For Preferreds Exposure

PTA: Sticking With This 9.4% - Yielding CEF For Preferreds Exposure
PTA has recently released its semi-annual shareholder report and we take the opportunity to provide an update. PTA net income has fallen along with nearly all other credit CEFs. However, what GAAP income misses is the large contribution from its swap portfolio. PTA along with its sister fund LDP remains an attractive pair to rotate between, particularly for tax-sheltered investors. Read More
Posted: Jul 12 2023, 12:44
Author Name: Seeking Alpha
Views: 102184

PTA News  

PTA: Reasonable Price, But Questions About The Distribution

By Seeking Alpha
September 22, 2023

PTA: Reasonable Price, But Questions About The Distribution

The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund offers a high current yield of 9.05%, making it attractive to income-seeking in more_horizontal

PTA: Attractive Discount With A Brighter Looking Future

By Seeking Alpha
July 17, 2023

PTA: Attractive Discount With A Brighter Looking Future

Cohen & Steers Tax-adv Prd Sec and Inc is recovering from the banking crisis and offers the potential for decent performance due to its valuation. The more_horizontal

PTA: Sticking With This 9.4% - Yielding CEF For Preferreds Exposure

By Seeking Alpha
July 12, 2023

PTA: Sticking With This 9.4% - Yielding CEF For Preferreds Exposure

PTA has recently released its semi-annual shareholder report and we take the opportunity to provide an update. PTA net income has fallen along with ne more_horizontal

PTA And PFO: 2 Preferred Closed-End Funds Trading At Attractive Discounts

By Seeking Alpha
May 7, 2023

PTA And PFO: 2 Preferred Closed-End Funds Trading At Attractive Discounts

Preferred closed-end funds have been negatively impacted due to rising interest rates; then, the bank collapses pushed them down even further. When th more_horizontal

CEF Weekly Review: Bank Wobble Drives Deleveraging In Some Preferreds CEFs

By Seeking Alpha
April 30, 2023

CEF Weekly Review: Bank Wobble Drives Deleveraging In Some Preferreds CEFs

We review CEF market valuation and performance through the third week of April and highlight recent market action. The CEF market was mostly down as i more_horizontal

Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater

By Seeking Alpha
April 19, 2023

Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater

Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater more_horizontal

PTA: This CEF Is Generally Attractive, But The Declining Assets Are Concerning

By Seeking Alpha
April 10, 2023

PTA: This CEF Is Generally Attractive, But The Declining Assets Are Concerning

Investors are in desperate need of income due to the incredibly high rate of inflation in the American economy. Cohen & Steers Tax-adv Prd Sec and Inc more_horizontal

CEF Weekly Review: Don't Always Believe Fund Website Distribution Sources

By Seeking Alpha
February 19, 2023

CEF Weekly Review: Don't Always Believe Fund Website Distribution Sources

We review CEF market valuation and performance through the second week of February and highlight recent market action. Nearly all CEF sectors were dow more_horizontal


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