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

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Post by JackDeeValentinon Jul 03, 2015 11:05am

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Post# 23889511

Market Cap is still $83m --

seems like everyone is focused on $0.10 is too low

but market cap is still $83m and cash being burnt at a rate that implies $0 cash on the B/S by year end

if production slips to 2500-2800 boe/d no reason this isnt a $50-$55m market cap and similar EV assuming no cash by year end 2015

best thing these guys could do is sell to a better capitalized entity who has the financing capacity and lower cost of capital to develop properties worth of development in $60-$65 Brent environment

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