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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

Comment by mrpanickon Jul 31, 2014 7:10pm
251 Views
Post# 22800538

RE:RE:RE:RE:RE:options non-action

RE:RE:RE:RE:RE:options non-actionWith their balance sheet and cash flow, this company should be able to get a bank credit line at a much lower interest rate (and without any equity sweeteners) than what they are paying on the bonds now. They have more cash than debt, strong cash flow and positive free cash flow even with their aggressive drilling program. They are becoming a larger and more diversified company. If I was a banker I'd have this company on speed dial.
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