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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

Comment by mrpanickon May 20, 2014 5:41am
184 Views
Post# 22576755

RE:RE:RE:I'll take that bet Mrpanick

RE:RE:RE:I'll take that bet MrpanickMy broker won't short penny stocks and even has a hard time borrowing many other issues. I've heard that IB is much better. Market makers, offshore accounts and other folks can do it. I doubt the other poster is a short though. Probably just a frustrated long. I can understand some shorting of PTA as a hedge to Suroco (which was trading at a slight discount to PTA). Other than that, it's a lousy short. Shorts are generally looking for companies with leveraged balance sheets, the need to raise dilutive equity capital and weak / declining cash flow. PTA is the complete opposite of what you want in a short. If anyone is shorting PTA based on the fundamentals, I'd love to hear what other stocks trading at 1X cash flow they are also shorting.
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