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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 is in the Crosshairs
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Comment by mrpanickon Apr 13, 2014 4:18pm
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Post# 22445627

RE:RE:RE:PTA is in the Crosshairs

RE:RE:RE:PTA is in the CrosshairsStockmyster, 35 mil in debt is Canadian, which is 32 mil US. So after netting out the debt they have 95 - 32 = 63 mil net cash. Not bad for a company with a market cap under 160 mil. Also it's cash flow as well as cash. They have 500K cash daily coming in and only 1/3 to 1/2 of that is going out for cap-ex. The guidance was "baseline" guidance only excluding new wells. The company is in great shape to make any number of moves.
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