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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

Comment by hegemonicoblivionon Mar 05, 2014 2:10pm
174 Views
Post# 22284362

RE:RE:B Warrants - Manipulation?

RE:RE:B Warrants - Manipulation?That is reasonably possible, the thought process you have Green, and the same for you Hockey.
Really does beg the much bigger question, the large amount of warrants being exercised,  not sure why one would want to sell for a very small profit, in the midst of this undervaluation.  Parex to me is trading at a very healthy basis versus its NAV.  So perhaps the time might be near for this type of merger consideration, as the pricing ratios are likely positive. It might be very beneficial for some of us to do some DD, and try and determine who may have taken large amounts of the debt and thus the warrants, as for this many warrants to be exercised, well that is definitely interesting.
And green I would suspect the boes coming from parex will be revised reasonably higher, as they are undertaking an extremely busy first quarter of activity, which should materially add to their production levels.
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