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 > 2P Value

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Comment by Sharp15on Mar 10, 2015 12:15am

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Post# 23505022

RE:RE:RE:RE:2P Value

Please corrected me if i'm wrong. The company reported December 31, 2014 year end reserves on 2P volumes of approx 8.1mmboe and a 2P value of $175.9 million before tax using a 10% discount rate. If we have 176 million$ oil value, the net value per share for the 2P is basically .20cents (excluding the others assets).

And by the way a small disgression, i have check the insiders position on SEDI and i'm comfortable with my shares, some of them bought shares with their own cash and there are not sitting just on "hoping" options like many other oil companies. Simple opinion, do your own research.

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