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.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > 500 shares were sold 5 seconds before the close

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Comment by mrpanickon Jan 01, 2015 1:53pm

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Post# 23277973

RE:RE:RE:RE:500 shares were sold 5 seconds before the close

I think they should buy some shares. I know the company likes to keep a strong balance sheet, but buying a few million shares is not going to make much of a difference to their growing cash pile and would be a nice vote of confidence. PTA (like all oil companies) is going to spend a lot less than expected on capital expenditures in 2015. The shares are trading for not much more than cash & near cash (if you include receivables from oil already sold and the restricted cash).

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