Cohen & Steers : Tax-Advantaged Preferred Securities and Income Fund Declares Initial Monthly Distribution and Distributions for January February March 2021

Cohen & Steers, Inc.

280 Park Avenue

New York, NY 10017-1216 212 832 3232

Contact:

Paul Zettl

Senior Vice President Head of Global Marketing 212 446 9189

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Declares Initial

Monthly Distribution and Distributions for January, February, March 2021

New York, December 14, 2020-The Board of Directors of the Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund announced the Fund's first monthly distribution of $0.130 per common share as well as monthly distributions for January, February and March 2021. The distribution reflects an annualized distribution rate of 6.24% based on the $25.00 per share initial public offering (IPO) price.

The Fund began trading on the New York Stock Exchange on October 28, 2020, under the ticker PTA.

Distributions will be made on the following schedule:

Month	Ex-Date	Record Date	Payable Date
December	Dec. 23, 2020	Dec. 24, 2020	Dec. 31, 2020
January	Jan. 12, 2021	Jan. 13, 2021	Jan. 29, 2021
February	Feb. 9, 2021	Feb. 10, 2021	Feb. 26, 2021
March	Mar. 16, 2021	Mar. 17, 2021	Mar. 31, 2021

The amount and composition of the Fund's distributions will be disclosed monthly at cohenandsteers.com; however, this information may change after each calendar year-end once the final tax characteristics of all Fund distributions can be determined with certainty. Final tax characteristics of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of each calendar year. The Fund expects to pay monthly cash distributions at a level rate, which may be adjusted from time to time based on its projected performance. At times, to maintain a stable distribution level, the Fund may pay out more than its net investment income.

The amount of monthly distributions may vary over time depending on a number of factors, including changes in portfolio and market conditions. The Fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital. Return of capital includes distributions paid by a fund in excess of its net investment income, and such excess is distributed from the fund's assets.

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Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.

Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the fund's most recent periodic reports, when available, and other

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regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.

SOURCE: Cohen & Steers, Inc.

CONTACT: Paul Zettl, Senior Vice President Head of Global Marketing

212 446 9189

Website: https://www.cohenandsteers.com/

Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo.

Forward-Looking Statements

This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

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