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.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > DEBT ratio for PTA

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Comment by cocomgon Feb 16, 2015 7:45am

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Post# 23432911

RE:RE:DEBT ratio for PTA

Mouserman, despite the fact they can cancel 100% of the debt due in april I am totally sure they are looking to refi with better terms. What matters the most is how they can repay interest on that debt. Assume the don`t get better terms than the 11,5% yield... If so they would need 660 boepd with oil at $60 to pay interest. 525 boepd if oil at $65, 430 boepd if oil at $70, 370 boepd if oil at $75 and 320 boepd if oil at $80 It is also important that every 1% cut in cost of debt reduce 10% the boepd needed to repay interest. Hope this help

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