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 > any ideas on underlying reasons for PTA's steady decline ?

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Comment by terenciuson Sep 22, 2014 6:35pm

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Post# 22960155

RE:RE:RE:RE:RE:RE:RE:RE:any ideas on underlying reasons for PTA's steady decline ?

Well Perdika, I was certainly not expecting three weeks to yield dramatic results with PTA and never have with any of my stock picks. Was just trying to understand better the dynamics of this stock.

https://finance.yahoo.com/echarts?s=PTAXF+Interactive#symbol=PTAXF;range=1d

January 1, 2011    ptaxf price   0.69
January 1, 2012              ptaxf price   0.11
January 1, 2013              ptaxf price   0.40
January 1, 2014              ptaxf price   0.35
April 1, 2014                    ptaxf price   0.27
August 26, 2014              ptaxf price   0.38
September 22,2014        ptaxf price   0.32

(Just to compare, BAC at one point was over 50 and dropped to 4 during the 2007 mortgage loan fiasco and has just now recovered somewhat to 17.)

I think we all hope here that PTAAXF will resume its recent upward climb that started with its acquisition of Suroco announced in April.

My interest here is to learn and become a better investor.

cheers

Terence

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