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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 lamothzeon Jan 12, 2016 6:33pm
131 Views
Post# 24451810

RE:Options

RE:Optionsftp://ftp.pta-oil.com/Letter%20of%20Transmittal.pdf

In the event that the aggregate amount of Cash Consideration that would, but for the adjustment provisions, be paid to Petroamerica Shareholders in accordance with the elections of such Petroamerica Shareholders pursuant to the Arrangement exceeds the Maximum Cash Consideration, then each holder of Petroamerica Shares that has elected to receive (or is deemed to have elected to receive) the Cash Consideration, in whole or in part, will receive cash in an amount equal to the result obtained when the Maximum Cash Consideration is multiplied by a fraction the numerator of which is the Cash Consideration requested by such holder (or deemed to have been requested by such holder) and the denominator of which is the aggregate Cash Consideration requested by all holders (or deemed to have been requested by all such holders) of Petroamerica Shares (defined herein as the "Adjusted Maximum Case Cash Consideration"), and each such holder of Petroamerica Shares will thereby be deemed to have elected to: (a) exchange the pro rata number (rounded down to the nearest whole number) of the holder’s Petroamerica Shares for the Adjusted Maximum Case Cash Consideration; and (b) exchange the remainder of their Petroamerica Shares for the Share Consideration.
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