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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

Comment by StockCalculatoron Jan 15, 2014 11:38am
290 Views
Post# 22093983

RE:RE:RE:RE:RE:RE:RE:What would you do if

RE:RE:RE:RE:RE:RE:RE:What would you do ifI don't think these B warrants are negative at all. With already 590 million shares outstanding, and extra 35 won't make much difference. If excercised they would only dilute the stock by 6%, but will add over 40% to the cash total. Sounds pretty good to me. PTA isn't that cash rich, with over $35m in debt. 

I also don't think this stock is as manipulated as some people here think. Its pretty tough to control a float that is over half a billion shares. I do think there are probably some significant players with large positions in this deal, and who may pull some weight with the company. But i can bet these guys are holding B warrants too and need to be "looked after". 
Who else do you think was crossing million warrant blocks at a time over $0.08 last year. 
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