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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 badactoron Oct 27, 2011 4:26pm
362 Views
Post# 19187597

OK Take This For What

OK Take This For What It's worth. I just hung up the phone with a company official. There is no consolidation being considered at THIS TIME. He said they have discussed it but do not believe a consolidation would be benificial at this time.OS shares compare with similar juniors such as Canacol.They are also in discussions for debt financing to finance the completing of projects with no further dilution. News should be out soon (not sure about what because it's not in the public domain so he can't discuss it). He believes as all company execs. do that the markets have not yet recognized the potential of PTA. I didn't bother to ask how anyone could if there is never any news as to increased production & future growth. He says they are producing about 3,000 barrels per day & are also waiting approval for long term testing which is required.Unfortunately I didn't take notes so some of this info is pretty scattered but I'm sure if you follow the company you know what I'm talking about. I must admit I feel a whole lot better after talking but I have learned from experience that IR or company insiders will always put a positive spin on the death of their mother so as stated take it for what it's worth. Pick up the phone call & ask to talk to someone in IR leave your number & he will get back to you or at least he did me. Confirm this info for yourself (this is from memory) & do not take my word but I'm more optomistic than I have been. Hope this helps.
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