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 > Some numbers

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Post by cocomgon Feb 26, 2015 9:50am

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Post# 23467417

Some numbers

EV = C 110M market cap - U$ 58 M cash + U$ 28 debt = 110 x 0.8 - 58 + 28 = U$ 58M

NPV 2P = U$ 176 M

So, if you buy the entire company at current prices you get asset that are worth 3 times more and thoses assets are value at depressed prices.

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