Cohen & Steers Tax-Adv Pref Secs and Inc Fund

We refresh our previous constructive analysis of PTA in light of its recently issued shareholder report. PTA continues to benefit from a number of structural features unique to Cohen CEFs such as leverage resilience, low cost of leverage and modest duration.

PTA: This 8.3% Yielding Preferred CEF Remains Our Favorite Sector Pick

PTA continues to trade at an attractive discount for what should be a relatively safer fund being invested in preferred holdings. They recently increased their distribution heading into the new year, which is great to see, although their coverage is coming in light.

PTA: Deep Discount On This Preferred Fund

Flaherty & Crumrine Dynamic Preferred & Income Fund

abrdn Life Sciences Investors 

Tortoise Energy Infrastructure

Invesco Senior Income Trust

October had the broader indexes rebounding after their lackluster September. With limited cash to put to work this month after an aggressive September, I was more conservative in buying.

5 Closed-End Fund Buys In The Month Of October 2022

PTA launched near the end of 2020 and is now trading near an all-time wide discount. Interest rate increases have continued to pressure this fund, and the discount widening makes it look worse.

PTA: Discount Widens Even Further, Interest Rates Continue To Pressure This Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Nuveen Variable Rate Preferred & Income Fund

As contrarian income seekers we buy when yields are high and prices are low.

Put These Beaten-Up 8%+ Yields In Your Pocket

BlackRock Enhanced Equity Dividend Trust

Blackrock Health Sciences Trust

BlackRock Science & Technology

BlackRock Science and Technology Trust II

John Hancock Tax-Advantaged Dividend Income Fund

PIMCO Dynamic Income Opportunities Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

The volatility had continued since earlier this year when we last looked at my top ten CEFs. With closed-end fund discounts widening, there seem to be more opportunities in the space overall.

My Top 10 Closed-End Fund Holdings: October 2022

Western Asset Mortgage Opportunity Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Angel Oak Financial Strategies Income Term Trust

Flaherty & Crumrine Total Return Fund Inc

Nuveen Preferred & Income Term Fund

Flaherty & Crumrine Preferred Income Fund Inc

Flaherty & Crumrine Preferred Income OpportunityFund Inc

We review CEF market valuation and performance through the last week of September and highlight recent market action. September was the worst month for CEFs since March of 2020, with a double-digit drop for the broader CEF space.

CEF Weekly Review: Rising Leverage Costs Remain A Headwind For Some Funds

Ares Dynamic Credit Allocation Fund

Western Asset High Yield Defined Opportunity Fund Inc

Nuveen Select Maturity Municipal Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

The market environment of high volatility and rising short-term rates has lowered the income-generating capacity of most CEFs. In this article, we highlight the five types of CEFs whose incomes have either been unaffected or have actually improved this year.

These 5 CEF Types Are Less Vulnerable To The Spike In Short-Term Rates

By going for qualified preferred dividends, PTA has a lot of financial companies that are well positioned in the current environment. The fund is leveraged with only 15% of the debt at variable rates, and it puts them in a position where they can distribute a lot of cash.

PTA: A Leveraged Income Play With Good Sectoral Exposures

Golub Capital BDC

Oaktree Specialty Lending

SPDR Bloomberg Short Term High Yield Bond ETF

The Fed made another 75bp hike and remains committed to reining in inflation as quickly as possible. This suggests a "higher for longer" monetary policy rate approach, which would keep the policy rate both high and elevated over the medium term.

Implications Of 'Higher For Longer' Rates For Income Portfolios

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Western Asset Diversified Income Fund

We review CEF market valuation and performance through the third week of September and highlight recent market action. CEFs had a tough week due to an upside surprise in inflation which pushed nearly all assets lower.

CEF Weekly Review: Why Rising Leverage Costs Are Not To Blame For Low Returns

Blackrock Long-Term Municipal Advantage Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

Federated Premier Municipal Income Fund

BlackRock MuniVest Fund Inc

Nuveen Intermediate Duration Municipal Term Fund

Nuveen Intermediate Duration Quality Municipal Term Fund

Invesco Municipal Income Opportunities Trust

Pimco Municipal Income Fund

Pimco Municipal Income Fund III

Western Asset Premier Bond Fund

Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationary bust one. That means adding duration and quality.

CEF Report August 2022 - CEFs Continue In Rally Mode, But For How Long?

Nuveen Preferred & Income Opportunities Fund

Boring is perfect when we're talking retirement investing.

Do Preferreds Still Deserve Preferred Status?

PTA has drifted lower with the rest of the market. The fund's share price has fallen even faster, presenting a discount.

PTA: Preferred Fund At A Deep Discount

The macro and market environment will likely remain extremely uncertain until, at the very least, inflation peaks convincingly. In this environment, an allocation to decent-quality assets, trading at a valuation margin-of-safety in a diversified income portfolio makes sense to us.

PTA: Why We Like This 8.4%-Yielding Preferreds CEF

PTA continues to remain one of the more attractively priced preferred closed-end funds.

PTA: Attractive Valuation And 7.24% Distribution Yield

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

We review CEF market valuation and performance through the fourth week of February and highlight recent market action.

CEF Market Weekly Review: The Impact Of A Flatter Yield Curve On CEFs

 BlackRock Future Innovators ETF

BlackRock Innovation & Growth Trust

DoubleLine Yield Opportunities Fund

We finished up 2021 with another successful year for the broader market indexes.

4 Closed-End Funds Bought To Finish Up The Year

Barings Global Short Duration High Yield Fund

MFS Investment Grade Municipal Trust

OFS Credit Company Inc

PIMCO Corporate & Income Opportunity Fund

With most of tax-loss selling behind us, a small correction in discounts and the January effect ahead of us, it makes sense to consider a few CEF ideas. We take a look at funds that offer a decent track record as well as an attractive entry point in valuation terms.

Last Orders For 2021 CEF Opportunities

First Trust Intermediate Duration Preferred & Income Fund

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

Nuveen Preferred & Income Securities Fund

Cohen & Steers Select Preferred and Income Fund

Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is mirroring the broader CEF spaces actions.

Closed-End Funds: A Check-Up On The Preferred Space

NEW YORK, Dec. 16, 2021 /PRNewswire/ -- The Board of Directors of the Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA) (the "Fund") has declared a special year-end distribution, as summarized below. In addition to the regular monthly dividend, this year-end income and capital gain distribution is being paid to allow the Fund to meet its 2021 distribution requirement for federal excise tax purposes.

News for Cohen & Steers Tax-Adv Pref Secs and Inc Fund ETF (PTA)