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 > bear

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Comment by spammeon Oct 02, 2014 6:51pm

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Post# 22993608

RE:RE:RE:bear

US Economy is built on FED QE. QE keeps interest rates low allowing for all kind of excesses e.g. subprime auto loans, Corporations getting cheap debt to buy back large quantities of shares (one of the key engines of the current bull market) which creates the wealth effect.
Look at all the junk debt the shale companies have piled up. Their balance sheets are really leveraged. If interest rates were not at these levels they would not be able afford it.

Shale is not all it is hyped up to be-

https://www.bloomberg.com/news/2014-09-29/sumitomo-to-probe-1-8-billion-in-shale-and-coal-losses.html

It is interesteing that Oil price recovered today but PTA closed at its lows. Not a good sign short term for PTA...

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