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 > To PTA longs

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Post by Deadcowon Mar 05, 2015 6:25pm

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Post# 23495333

To PTA longs

PTA had a very slow day, obviously the aggressive rally from 0.105 has witnessed some resistance @ 0.15 and the buying power has weakened. We witnessed a very healthy move and I believe if PTA retraces a bit it won't break 0.135 level and if PTA manages to pass through the 0.15 level, we will face our next resistance levels @ 0.165 and 0.18. Breaching the 0.18 will be very positive because next resistance should be 0.25 !!

I personally believe that any positive announcement will be delayed till the 20 cent Warrants expire on April 9th worthless to avoid a 1% dilution to shareholders. So this coming month will most probably be a quite month with no press releases from the company. After that date we will be expecting year end results ( mid April ) and by then we well results, if positive .... That will be a tremendous catalyst for PTA stock.

Cheers

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