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 > Merger

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Comment by olinvestoron Nov 26, 2015 10:32am

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Post# 24327895

RE:RE:RE:Merger

Hopelfully PTA MGMT got some money under the table otherwise they will be part of GTE I assume!

Also, hopefully they will get punished for the fact they presumably received money under the table

Shlinker_ wrote:

olinvestor wrote: SHlink I agree with you, PTA was on the brink of insolvence, giving up to GTE is a good thing, GTE undervalued as hell also, but if oil prices dont turn then GTE is on the brink of insolvence aswell in a matter of years

Good, no single person should listen to him. He has never stated he owns shares. At any rate, we do both agree this deal stinks, but there is a light at the end of the tunnel. Not all is lost, as it could be a year down the road. I like the fact my money is going to different management team. PTA's management blundered big time. No drills? dropping production? seems fixed.
Speaking of which, I assume the PTA boys club will NOT be a part of GTE?