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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 currently trades 1 times its 2015 EBITDA...
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Comment by perdikaoilgason Dec 23, 2014 4:52pm
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Post# 23261429

RE:PTA currently trades 1 times its 2015 EBITDA...

RE:PTA currently trades 1 times its 2015 EBITDA...You say:

" Based on Brent at $75/bbl for the entire 2015, PTA will make 2015 EBITDA at US$100 million, so it currently trades just 1 times its 2015 EBITDA. "


Your assumption means that WTI will be between $65 and $70, which is an overly realistic scenario. However, I believe that Brent will average between $80 and $90 in 2015.



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