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 > Insider buys 1,073,500 shares today !!!!!!

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Comment by surfthesnowon Oct 03, 2014 11:17am

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Post# 22995720

RE:RE:RE:RE:RE:Insider buys 1,073,500 shares today !!!!!!

Hey guys,
My thoughts are that this is true insider buying - not share buy back. Perhaps someone can clarify, but share by back programs are announced, then executed over time just like a market order. If you were looking at an insider report (ie. Canadian Insider) there is never a 'Treasury' group included in the list - just the applicable directors/executive.

An insider is required to report to the exchange within 5 business days that they have been transacting. Don't believe this applies to buy back programs.

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