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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 Oct 01, 2014 4:47am
177 Views
Post# 22985631

RE:Some insider buying

RE:Some insider buyingLooks like they've bonused out an employee to buy a small number of shares in order to generate increased confidence in the stock. If an employee wanted real skin in the game, they'd take out a larger equity position at this price. This smells like an attempt to generate speculative buys. Management are very poor in the area of behavioral economics. As pilots are fond of saying, PTA will be "riding the slide" until early next year. Too bad when good resources are managed by incompetent teams. 
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