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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 Buzzgroveon Sep 10, 2014 1:06am
161 Views
Post# 22922116

RE:RE:RE:Sad, the executives have to take responsibility

RE:RE:RE:Sad, the executives have to take responsibilityRapid, management may be talented but I doubt they could stretch my $350k that far. It's more likely that my capital is sitting in the reserve ready to buy a few bolts and some axle grease for the next round of drilling. Their shares were more likely purchased with compensation derived from profits derived from the sale of oil which was discovered through exploration activity financed by shareholders that came long before me. Personally, I could give a rat's a$$ how they bought them. The point is, they bought them. You want management to have an equity stake. Complain when they sell, not buy. Since I've invested in the past year, share price has increased 25%. Reserves have increased exponentially. Production has increased. Cash reserves have multiplied. Management should be compensated for that, not castigated for reinvesting that compensation back into the company. Price is weighed down only by a whack of shares, previously declining reserves, a history of country risk, and millions of warrants and options that are years from expiry. That's how micros work. Management are doing well. Things will be better. 
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