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 > TLM scenario

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Comment by olinvestoron Feb 06, 2015 4:42am

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Post# 23402732

RE:RE:TLM scenario

Dear PERDIKAOILGAS ,

Thank you for pointing out my inaccuracy concerning the takeover premium, you are right it is 120% instead of 50%. My mistake and I hope you excuse me for that.

BUT I want to thank you for showing the TLM scenario is EVEN worse with the 120% takeover premium because most shareholders of TLM are still at a loss after that!

That is what I was trying to point out!

If PTA gets acquired TODAY for 120% then most shareholders PTA would get CAD 0,308! and that would mean alot of investors would still be at a loss. I would be at a win because of averaging down but I won't be happy at all.

I HOPE THE TLM SCENARIO IS SMALL and I hope deadcow is right in his sayings that management wouldn't sell for anything less then CAD 0,70.

PERDIKAOILGAS, THANK YOU FOR POUNTING OUT MY INACCURACY AND SEEING THE BIGGER PICTURE I WAS SAYING. (I SEE YOU LIKE TO WRITE IN CAPITAL LETTERS SOMETIMES)

perdikaoilgas wrote: According to the news, TLM was acquired 120% HIGHER than its lows.

TLM was at C$4.40 when the acquisition was announced.

The acquisition was at C$9.40.

See the chart and read the news.