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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 24, 2014 12:52am
109 Views
Post# 22964684

It is not the assets, it is management

It is not the assets, it is managementmrpanick, you and I agree that PTA management should put on their big boy pants and start running this thing like a real company. You and I would still be on the opposite side of the venture argument, however, if these clowns could manage themselves out of a paper bag. Sadly, they cannot. Kudos to you for calling it ahead of the curve.  Initially, I thought to sell immediately after the next bump. My thinking at this point is to hold steady. It is not the assets. It is management. I intend to vote against the reappointment of every current Board member at the upcoming AGM, including the Executive Chair. Will it make a difference? Nope. But I'll vote on principle. November cannot come soon enough.
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