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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 Shlinker_on Sep 26, 2013 12:06am
377 Views
Post# 21768573

likely scenario?

likely scenario?1) We hit LC-2, its a nice well. We pop to 0.38, migrate to the low 0.40's, maybe as high as 0.45 eventually. PTA.B's start exercising on the treadmill. PTA recieves even more cash. They buy land, or merge, pay the notes off next year, ~37M, and share consolidate 10-1.

2) LC-2 doesnt hit, we drop 3-5 cents, LM keeps rocking, we migrate back to 0.35 by January hopefully, grow organically through the bit, buy land/merge mid-late next year, pay the notes in 2015, ~39M? share consolidate.

I might be off a bit on the secure note amounts, but im close.

Thoughts? this should stir the pot here. Both very possible scenario's....
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