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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

Post by hegemonicoblivionon Jul 15, 2013 11:58am
134 Views
Post# 21607785

Shlinker you don't make any sense to me.

Shlinker you don't make any sense to me.But that is ok, we all have our opinions. We are all here to make money, that means higher share prices, not more dilution and bigger market cap and lower share price..  And by the way, I dont see any reason for the shares to be rolled back. The company is awash in cash, and piling up the cash by the day. If anything that would give us the opportunity to: 1) Institute a dividend policy and or a fully executed share buyback, which may   improve pricing in the market, which is what most investors would want. 2) Alleviate any need to raise capital in the markets, (no need for rollback or issuance of shares at these price levels. 3) Buy near term producing assets from debt strapped companies in Columbia or perhaps Peru. There would be no urgency to buy fair market priced assets as we have many drill targets that we can use our cashflow on.  The big lesson on circumstance, is if its not working, try something new, that might work a little better... As far as M and A in Columbia, I really think there might be a handful of companies that we might want to pair up with and achieve even more economies of scale. Most of them have been mentioned in the past, and it doesnt really matter if those companies have cash. We or they can merge or take over another company with stock if a premium offerred is sufficient for shareholders to tender their shares. I would like to see the company institute a production guidance policy, as it is just another way of trying something different, we are at that stage... We await results from LC 2 and LM 11 et al..  LM 11 must be complete in my mind... 



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