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 > 1,000,000,000 shares outstanding

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Comment by hockeylad33on Feb 05, 2013 2:50pm

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Post# 20941858

RE: 1,000,000,000 shares outstanding

Sigh. Exactly like that movie Idiocricy, people are de-evolving into nincompoops. Let me give you a hand with your due diligence Mr. Goldnut8:

Shares Outstanding: 578.9M

Options: 56M

Warrants:

79M at 0.35/sh

35M at 0.20/sh

Total F/D at below 0.75/sh is 748.9M shares.

IF you think the share price is going above 0.75/sh, in which case you certainly think this is a good investment, you can also add in the remaining warrants:

180M at 0.75/sh

28.6M at 1.25/sh

Total Fully diluted: 957.5M

(with warrant proceeds of $205M, exceeding today's market cap)

Page 28 of Corporate Presentation

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