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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 stockmysteron Nov 21, 2013 8:40pm
194 Views
Post# 21929736

still no movement/cash position

still no movement/cash position
Petroamerica generated 11.2 million in cash leaving them in a cash position of 55 million on August 21. On September 30th they had 64 million in cash which is a 9 million dollar increase. They are generating $225,000 per day in cash flow. It has been 52 days since their last cash position update so we should be sitting at 52 days * 225000 cashflow per day = $11,700,000 + $64,000,000 =$75,700,000 as of today.
So when Collin stated they could have $90 million in the bank at the end of the year they probably will at this rate.
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