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 > 20 to 1 would be better!

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Comment by hegemonicoblivionon May 22, 2014 2:31pm

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RE:RE:RE:RE:RE:RE:RE:RE:20 to 1 would be better!

If you believe we are really underleveraged, then do some ratio analysis.
There would be no need to even consider a line of credit, if share price
were trading closer to fair value of assets, at least that is how i see it.
Issuing equity is usually the best path to prosperity.. No worries on oil
prices dropping and then you are left with dealing with debt you have
a difficult time servicing. Banks will lend on reserves, equity will be
issued when a company can show blue sky to new investors (one
reason). Dont think we will see a signiicant buyback, period. I think
a signficant buyback and dividend would attract new investors, something
that is required for the share price to move higher, at least in my opinion.

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