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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

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > PTA's Chairman (Jeff Boyce) added 1,800,000 shares
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Comment by HedgieTdoton Oct 06, 2014 5:49pm
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Post# 23003843

RE:RE:RE:RE:RE:PTA's Chairman (Jeff Boyce) added 1,800,000 shares

RE:RE:RE:RE:RE:PTA's Chairman (Jeff Boyce) added 1,800,000 shares
One misconception is that PTA and GTE are peers.
This one comes up here time and time again.
GTE operates assets, makes sound financial decisions, is critical mass in cash flow, production, and the public market.  It has earned the trust of investors.

Why is PTA cheap?

You invest money in the present in return for the promise of more money in the future.

The price of the instrument reflects the value of that promise, and it depends on the trustworthiness of the issuer. If the issuer is regarded as trustworthy, the price is high. But if the issuer is regarded as untrustworthy the price is low.

PTA is scheduled to run through its cash on 10 wells, all non-op, mostly exploratory.  It's capital cost control is therefore as close to nil as it comes, as is its timing of operations. 



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