Filing Summary
Business Context and Reporting Period
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a registered closed-end management investment company organized in Maryland. This Form 8-K reports an event effective March 15, 2023, and was signed on March 21, 2023. The Fund’s common stock trades on the NYSE under the symbol PTA.
Material Event and Governance Changes
The Fund’s Board of Trustees approved amended and restated bylaws effective March 15, 2023. The revisions are described as reflecting current best practices and updating outdated provisions to conform with Maryland law.
- Adds provisions addressing virtual shareholder meetings.
- Adds or updates disclosure regarding shareholder proxy proposals.
- The complete amended and restated bylaws were filed as Exhibit 3.2.
Financial Metrics and Liquidity
The filing does not provide financial statements, revenue, profit, cash flow, margins, debt, liquidity measures, distributions, net asset value, or other operating metrics.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no earnings guidance, investment outlook, management forecast, risk-factor update, contingency, or unusual financial item. Its subject is limited to amendments to the Fund’s bylaws.
Key Facts to Verify
- Review Exhibit 3.2 for the precise amended bylaw language and effective date.
- Assess the provisions governing virtual meetings and shareholder proxy proposals.
- Confirm whether any procedural or shareholder-rights changes affect future meeting participation or proposal submissions.
- Use separate periodic filings for the Fund’s financial performance, portfolio, distributions, leverage, and liquidity information.