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 > SAMSON's Bankruptcy, PESO-USD: DEVALUATION Continues in AUG

<< Previous

Bullboard Posts

Next >>

Comment by Shlinker_on Aug 25, 2015 3:13pm

49 Views

Post# 24050007

RE:RE:RE:SAMSON's Bankruptcy, PESO-USD: DEVALUATION Continues in AUG

perdikaoilgas wrote:

mirage2014 wrote: Cash is king and PTA has it. The Q release shows more COH than I expected. Any thoughts on when the credit facilty will be finalized.....thanks.

PTA has TODAY, pro forma the PNA deal, US$25 million CASH, excluding the restricted cash, and ZERO DEBT !!

So PTA's market cap now is ONLY US$50 Million (1 USD = 1.3 CAD) at C$0.60, although PTA has US$25 Million in CASH and Zero Debt and Production more than 4,000 boepd, and NO LIQUIDITY problems !!

and according to the Q2 2015 report:

" Management is actively exploring opportunities to rationalize its portfolio of assets and is currently in discussions to obtain financing with terms that are advantageous to the Company. "

ACTUALLY PERDS - LIAR.

Current Financial Status

The Company, as of the date of this press release, holds approximately $25 million in cash, $11 million in estimated working capital, and over $13 million in restricted cash.