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 > I'm still in

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Post by vincentldon Sep 25, 2014 10:35am

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Post# 22969401

I'm still in

I'm not surprised to read such news this morning...waiting for the production to resume before releasing the update. I have an averaged SP of around 0.375 and I'm still content with the overall situation of PTA.

I think that being able to fund all their exploration activities with cash and cashflow instead of equity & debt is under appreciated and is where the real value of PTA hides. They will be able to grow significantly in 2014 without impacting the balance sheet.

I personally thinks PTA will be bought out before we exit 2015 and cash-in a nice return.

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