Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA

Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.

NYSE:PTA - Post by User

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > PTA is in the Crosshairs

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Comment by stockmysteron Apr 13, 2014 9:55am

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Post# 22444942

RE:RE:RE:RE:PTA is in the Crosshairs

Excellent post Heg. The current ratio is way too high. Last time I checked this was an oil and gas company not a bank to be sitting on this kind of cash. The buyback tells me they have no where else better to put this money to use. The only part of the buyback that doesn't make sense now it that there isn't one. What was the point of announcing a buyback stating that they can buy shares the very day of the news release and yet still nothing. Maybe that large bid at .26 cents was them. Does that make anyone feel better or give them anymore confidence? Absolute mismanagement. If you want to increase production or the possibility thereof why on earth are you JV your properties, especially one of your best in crypto.

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