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 > LIQUIDATION SCENARIOS

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Comment by green24on Apr 08, 2014 12:55pm

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Post# 22425413

RE:LIQUIDATION SCENARIOS

sherbrooke1 wrote: You know when insurance companies are having problems with underwriting profitable business and claims come in above actuarial estimates, they can put the business in "RUNOFF". ........ie..........they don't write any new policies and just pay claims going forward against reserves. Likewise, IMO we could EASILY put this PTA in runoff and make a lot of money. NO more new wells drilling. Pay off the 11.50% debt. Start buying back the stock and distributing the cash and cash flow from the producing properties..........CHOP ALL the overhead in Alberta....... Show of hands from shareholders that would VOTE in favor of a new director or two who would put forward such a proposal at the first meeting after voted in a seat on the BOD in a proxy solicitation?

You've got my vote.

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