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 > Merger

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Post by Shlinker_on Nov 26, 2015 9:18am

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Post# 24327505

Merger

All jokes aside - This sale to GTE only spells one thing. Despiration. At first i thought it was a terrible deal for shareholders, but it most certainly isnt. PTA was going under, major loss of production over 2 years, no credit line established, bailing hedge-funds, low RLI, over-paid for those 2P reserves, and a highly incompetent management team. The list goes on and on, these are facts. Its a good thing GTE stepped up to the plate to be honest. Saves those of us who either short the stock or go long. The pockets have been lined, there is no other deal.

I will inhabit the GTE board soon after this deal is complete. look forward to continuing our conversations with the new and slightly improved entity. Grandamerica Oil Corp.

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