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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 > DEBT-FREE PTA HAS NO CASH FOR OPEX OR CAPEX
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Post by Shlinker_on Aug 26, 2015 9:19am
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Post# 24051867

DEBT-FREE PTA HAS NO CASH FOR OPEX OR CAPEX

DEBT-FREE PTA HAS NO CASH FOR OPEX OR CAPEX

11M un-restricted cash isnt enough for CAPEX or OPEX for 2015 or 2016 - they will be doing a financing at 0.60-0.70 cents with YOUR MONEY FOLKS - The banks will not give them a line of credit. Email the company and find out yourself. I did. They are not in any discussions with any major financial institutions currently



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