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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 Aug 01, 2013 3:38pm
202 Views
Post# 21644725

RE:Just pointing out

RE:Just pointing outJust pointing out, you almost never want to be the acquiror of another company, perhaps moreso when you feel you are reasonably undervalued, as I believe we are here... Most important premise, is that when you acquire youll have to pay at least NAV, and probably a good portion, cash... which means you have to do a raise... So you would be issuing equity to buy another company at least close to NAV in value, where your own equity reflects a valuation which to me is reasonably less than NAV. Turn it around and you can see why you would want to be the one acquired.. still waiting for the close today.. would have liked to have seen around 30.. but maybe another day.
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