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

<< Previous

Bullboard Posts

Next >>

Post by spammeon Nov 26, 2014 12:31am

193 Views

Post# 23164526

HindSight is 20/20

At the time everyone including myself thought the Suroco purchase was a win for PTA even with the cost of the bidding war. However now with Brent at 78 Suroco would now be worth alot less than earlier this year. Not many were predicting oil would have free fallen at the end of the year.
So what was a winning takeover at that time has turned to being an overpaid for asset. Unless oil prices bounce back sharply (seems unlikely for the foreseeable future).

I believe that the only way PTA can turn this around is to have some major success in the next 6 months from its exploration program.

<< Previous

Bullboard Posts

Next >>

Visionstate set to leverage success in the U.S. market