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 > Production Update

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Comment by Whitehellon Sep 23, 2014 1:22pm

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Post# 22962901

RE:RE:Production Update

But again, a production update does not mean anything to me, given that PTA is full of positives at the current price of 35 cents. I can see the big picture and how transormational the SRN deal is. If you are long who seeks a triple digit return, you should do the same. Do not let the latest technical picture cloud your judgement.

Even if i'm long, even if i can see the Big Picture, i don't like when the SP sunk for the only reason that the management can't even deliver a update that THEY said they would release on mid-sept. It's a question of integrity and competence of the management. Seriously, it's been 2 month since they closed the acquisition, at this point, it shouldn't be really difficult to give Year Prod guidance and capex since the year is almost finish and you don't even have to guess at this point...

And if, they didn't though they couldn't release the information in time, why put an expected date. Market hates when promises aren't met. The market usually see delayed news as probable bad news (which some time is).

I think it's just normal that the SH are questionning delays on mgmt's promises. Investor usually don't stand there saying : "Ahhh well, they are late and the SP is going down... but who care, there's is a big picture... "

any, just my humble opinion
Disclosure : I cut my position in half Last Friday because of the delayed news, once it's out, i'll buy it back if i like what i read, (probably have to pay 1-2 cents more for it but better safe than sorry...)
White