CEF Advisors AICA Event NAVigator Podcast

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Tax-Advantaged Preferred Securities and Income Fund (PTA)

Specialty Equity Funds - Preferred Equity

Data as of March 27, 2024
Current
Market Price $19.43 (+ $0.09)
NAV (March 27, 2024) $20.73 (+ $0.03)
Fund Listed NYSE
Premium / Discount -6.27% (+0.30%)
Fund Info
Inception Oct. 28, 2020
Sponsor Cohen & Steers Capital Management
Website https://www.cohenandst...
Phone 866 227 0757
NAV Symbol XPTAX
Location New York
Incorporated Maryland
Staggered Board No
Term Date Oct. 27, 2032
Objective: Primary high current income and secondary capital appreciation by investing 80% portfolio of preferred and other income securities. Fund intends to terminate as of the twelfth anniversary of the effective date of the Fund
Related Indexes
15 Major CEF Sectors Index
60/40 Balanced (w/ BDCs) Index
Tax-Sensitive Income Index
Taxable Bond & BDC Index
Preferred Equity Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 55,273,457
Total Assets (Reported: Oct. 31, 2023) $1,625M
Estimated Total Assets $1,771M
Net Assets $1,146M
Market Cap $1,074M
Portfolio Turnover 35.00%
Total Leverage 35.30%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.99%
Non Lev Exp Ratio 1.73%
Rel Lev Cost 5.78%
Discount Data
Average Discount (3 Yr) -7.38%
Discount Low(3 Yr) -13.97%
Discount High(3 Yr) -0.76%
Discount Rel Range (3 Yr) 58.29%
Comp Discount 0.20
Discount St Dev (1Yr) 1.72
Z-Stat
Z-Stat (6mo) 0.89
Z-Stat (1Yr) 1.02
Z-Stat (3Yr) 0.36
Comp Z-Stat (6mo) 0.15
Comp Z-Stat (3Yr) 0.89
Distribution Data
Market Yield 8.28%
Income Yield 6.21%
Lev Adj NAV Yield 5.73%
Distribution Frequency M
Current Distribution $0.134
Current Income $0.101
Ex-Date 4/9/24
Payable Date 4/30/24
Div Growth (3yr) 3.08%
Dividend Change 3.1% on 12/13/22
Expected Div 6/26/24
RoC (1yr) 26.12%
RoC (3yr) 13.87%
Tax Dividend Data 2022 2020 - 2022
Income 94.5% 97.7%
ST Gains 0% 0%
QDI 94.5% 97.7%
LT Gains 0% 0.5%
RoC 5.5% 1.8%
Volume & Liquidity
Average Daily $ (K) $3,022
Avg Volume 30 day 116,088
Avg Volume 90 day 155,551
Volume Trend -25.37%
Comp Volume Trend -20.13%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
46.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
77.0%
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
87.0%
Most Correlated Peer (Mk Pr): LDP 82.0%
NAV - Price Correlation (30 d) 69.6%
NAV - Price Correlation (90 d) 90.7%
NAV - Price Correlation (1 Yr) 93.8%
Price St Dev (1Yr) 16.0%
NAV St Dev (1Yr) 6.1%
Earnings
Earnings / Share (10/31/23) $0.061
Earn Coverage 45.60%
Earnings Trend Down
UNII / Share (10/31/23) $-1.085
Rel UNII -89.93
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.38
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.78
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index
0.87

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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