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.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > 600 million o/s shares

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Comment by hegemonicoblivionon Apr 06, 2014 5:48pm

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RE:600 million o/s shares

Id prefer a 20:1 rollback next fall, after the announced buyback has been completed in its entirety.
As far as 100 million dollars cash on the books, I think we best wait, until the next set of financials
comes out. Some key parts of the financials I would like to see first. Big question is, will the buyback begin in earnest, soon? And reserve report should be dated March 31, 2014, if follows through as last year's report did. Should see that over the next couple of days, financials probably at the end of the month.

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