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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

Post by Buzzgroveon Sep 23, 2014 2:24am
191 Views
Post# 22961123

It is not consolidation...

It is not consolidation...Nor is it the commodities market. PTA 's price is suffering because it is actively courting controversy. The problem is self-inflicted and entirely avoidable. When your corporate secretary resigns in favor of an arm's length relationship, that is often a sign that the internal machinations are a mess. Alberta based energy companies are very deliberate in maintaining a gold standard of governance. They do not miss self-imposed deadlines. They do everything in their power to rise above. With the exception of PTA, it seems. The market has decided that they are a pariah and has been extracting its pound of flesh for some time. I suspect small retail buyers are beginning to wake up to this now and are cutting their losses. That is my view. If I were corporate counsel and the CFO, I would be terribly embarassed. They set their own deadline and shat the bed. So before anyone gets on their soap box about how I dont understand reserves, earnings before taxes or the ambiguous yet oft-quoted 'big picture' there is one fundamental that trumps them all. The ability to manage well. And PTA doesn't have it.
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