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 > Cash on hand

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Comment by Deadcowon Mar 01, 2015 6:18pm

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Post# 23478004

RE:Cash on hand

Well Monzie,

You were arrogant enough to say " are they cash flow positive as some people here think "
So I replied back to you in the same manner you asked your question.

Anyhow, to answer your question they paid $50 mill in cash and assumed debt and issued 254 mill PTA shares. You can find it in the latest company presentation page 4.

They also announced recently that they expect to be cash flow positive in 2015 based on $55 Brent.
As you know Brent is already trading around $62.

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