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

Bullboard Posts

Comment by STVPon Apr 01, 2011 11:21pm

428 Views

Post# 18376441

RE: RE: Theories - Sad but True

out of curiosity, why would you say they might need cash? From their presentation as at March 7th 2011, they have more than $13 million and $7.2 million "Letters of credit".

Also, Balay-1 is currently producing 1,378 barrels of oil per day through a restricted 48/64" choke size. According to a Jennings report from the past, a source at Petrobras said that the potential capacity of Balay-1 is 15,000 barrels of oil per day.

Balay-2 should have test production coming online. Given that new management is taking steps to cut back costs and put focus on genreating cash instead of running up expenses, we should be able to finance future operations from production earnings. The way I see it is that we may not need to do any equity finance (worst case scenario if they need cash they can go to international banks/firms to obtain debt financing if they can't get Candaian debt financing)

Bullboard Posts

Teck Resources increases its cash tender offers to $1.38B