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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 > Painful Future .. Share Issuing Ahead ?
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Post by Lithium4everon Apr 17, 2015 12:24pm
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Post# 23640793

Painful Future .. Share Issuing Ahead ?

Painful Future .. Share Issuing Ahead ?Q4 shows signs of balance sheet weaknesses

20% of equity value wiped out in just 90 days

if oil prices keep these levels for 1 yr, company falls into huge troubles

cash is the real problem for small oil producers ... giants can easily roll over debts .... small ones ? PRE has lost 90% of its value in ten quarters ... 

I doubt Petro will be able to refinance without a strong pop up in oil prices, unless a share issuing supporting the request sideline

highly speculative play ... stay in if you can afford to lose quite all your invested capital



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