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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
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Post by zelysteron Sep 27, 2012 5:12pm
349 Views
Post# 20422396

Another warrant question (sigh)

Another warrant question (sigh)

I believe the B warrants have a built-in adjustment clause that kicks in if the shares are diluted or consolidated. I don't believe the WT private placement has such a clause (correct me if I'm wrong) because over 80,000,000 dilutive shares and attached warrants were added after the WT placement at lower strike price (April 19 PP was debt) with no adjustment to the WT's. Can anybody comment on this? Thx. 

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