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 > LESS than 1 times its 2014 EBITDA

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Comment by mrpanickon Oct 09, 2014 2:21pm

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Post# 23015436

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LESS than 1 times its 2014 EBITDA

PNA is the operator of one of Suroco's blocks. I woiuldn't say they are a great operator, but they are a full operator and that would cut through a lot of red tape with the process of PTA becoming an operator. Aside from sharing a block with PTA and others in the same areas, they also have some interesting connections with regards to Board members, management and large investors. PNA recently did a capital raise (guess which big PTA investor participated?) so they could stay independent for awhile if they want to.

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Options trading in a volatile macro environment