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

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Post by WCSB2013on Apr 28, 2014 8:50am

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Post# 22497004

"producing asset acquisitions... Final sentence"

https://mobile.tmxmoney.com/quote/readnews/?id=67335172&symbol=PTA

keep in mind these are #'s that end in 2013 Dec.

2P is near $194MM and MCap is $194
3P is $260MM

Revenue 370% higher than 2012, Cash 149% higher than 2012.

12 Million barrels in inventory as of Dec 2013
"

With the revised production estimates and the resulting cash flows, the current cash holdings of approximately $98 million as well as the reduction in planned capital spending for the year, the Company expects to be able to fully fund its operations for the year and still have free cash to pursue new business opportunities. These opportunities could include exploration farm-ins, producing asset acquisitions or corporate mergers and acquisitions, with the objective of growing the business and thereby enhancing overall shareholder value in the Company.

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Barrick Gold employees detained in Mali amid ongoing dispute