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

Bullboard Posts

Comment by Jace1on Jul 27, 2012 2:05pm

120 Views

Post# 20160048

RE: Columbian M & A

Perhaps...but careful what you ask for. The Petromagdalena deal was terrible for shareholders...depending on one's estimate of their NAV, it was on average 20% below NAV, and the deal was less than was PMD traded for only a few months prior. Granted they were getting low on cash, so the shareholders didn't have much choice.

This would be roughly equivalent to a PTA takeout in the 0.17-.18 cent range. PTA doesn't have the cash issue currently, but a takeout would not be above 0.20 without a further well hit. I'll pass, thanks.

Bullboard Posts

Sony’s Alpha 1 II: A new professional photography standard?