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 > I said it before & I'll say the same thing again.

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Post by ANBCAon Dec 03, 2013 6:26pm

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Post# 21966069

I said it before & I'll say the same thing again.

"Too much Cash". This situation is getting more and more an issue as the months tick by. The money has to be deployed to generate share holder value. More Drilling? A Dividend? With this new arrangement the employees will participate in the share appreciation but will forgo the dividend. So perhaps this is a fair way to move forward. We'll have to see if a Dividend is in the works. So far they've been unable to deploy the cash flow. Taking a percentage of this and declaring a dividend would be the best posible move in my opinion. Why shouldn't we all participate in the fortunes of this company. I for one don't want to wait for some take over or stroke of luck with the drill bit. Lets enjoy the revenue stream and take the reward as it comes.

I think 2 cents per quarter would be a reasonable pay out.

GLTA

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