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 > Not sure what you mean rod...

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Comment by cocomgon Jul 04, 2013 12:17pm

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Post# 21589010

RE:Not sure what you mean rod...

What Roddrick said is correct.
At today's production levels (5500 estimated), PTA should be making about $0.04 eps per quarter. That is $.16 per year. Add to that some success in exploration that take us to 7000 boepd and you get $0.22 eps per year. At a P/E multiple of 5 (mean por junior oil) you get a $1.10 in about a year, year and half ??...Mgmt is doing great leading us to that production level.
So if you know that why sell it for half it's core value?

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