Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Common Shares of Beneficial Interest (PTA)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start by asking what I own. This is not an operating business with a durable competitive moat; it is a closed-end fund managed by Cohen & Steers, investing globally in preferred securities and debt, directly and through derivatives. The fund's economics depend on credit spreads, interest rates, and the manager's security selection, not on a unique product or brand. The data do not give me revenue or profit growth, and the Lynch category is none because only zero years of filed results are available. That absence of history matters. On the numbers provided, the FairStock P/E is 7.11 at the 2026-10-13 close, and the dividend yield is 9.50%. The FairStock Graham Number is $33.67, implying a 49.75% margin of safety, and the price of $16.92 sits near the 52-week low of $16.77. Those figures could suggest value. But the quality signals are poor: Piotroski F-Score 2/9 and Altman Z-Score 0.90, both FairStock calculations. The FairStock score is only 38/100. For a fund, Graham-style tests are imperfect, but weak scores still warn that distributions may depend on favorable markets rather than durable earnings. I would want to see the fund's net asset value, distribution coverage, leverage, and rate sensitivity. Without a long filed record, I cannot judge consistency. The high yield is attractive, but it may be compensation for risk. I need more evidence before calling this a safe bargain.

In plain English: Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a closed-end fund that invests mostly in preferred stocks and debt securities around the world. The fund offers a high income stream, but its reported safety and quality signals look weak, and the shares sit near the bottom of their 52-week range. Based on the numbers given, the price looks low compared with earnings, though funds like this can be complex and sensitive to interest rates and credit markets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer