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 > PTA's EV (US$155 M) vs CAMAC's EV (US$540 M)

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Comment by mrpanickon Nov 02, 2014 4:12pm

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Post# 23086721

RE:RE:RE:PTA's EV (US$155 M) vs CAMAC's EV (US$540 M)

I think that they will get a more standard bank credit line. If this company can't get a bank line, then I don't know who can. That would give them more flexibility for acquisitions and share buybacks. They have enough cash to just payoff the notes, but they are smart to keep a big cash pile and are likely to stick with that strategy.

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