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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

Comment by mrpanickon May 20, 2014 5:50am
190 Views
Post# 22576761

RE:.29 cents????

RE:.29 cents????Investors would like PTA better if it was more diversified (most production is from Las Maracas). The reserve life is short. Production is under 10,000 boepd and the low stock price may scare away institutional investors even though the valuation is compelling by most metrics. They don't operate their wells, which is seen as a negative even though they are partnered with good operators like Parex. The good new is that growth will resolve many of these issues. With the merger and other growth initiatives, PTA is rapidly becoming a larger more diversified company that will attract more analyst coverage and institutional investors. A rollback to make the stock more suitable for institutions is likely in Nov. They are moving towards becoming an operator. The merger should significantly add to reserves.
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