AT&T INC.'s T-P-A is an exchange-traded preferred stock in the Telephone Communications (No Radiotelephone) sector. At a recent price of $18.14, T-P-A yields 6.89% on its $25 liquidation preference and 5% coupon. It trades at a discount of 27.4% to par. The issue is cumulative, perpetual (no stated maturity), callable on or after 2024-12-12. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.