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 > Geez

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Comment by green24on Apr 08, 2014 1:00pm

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Post# 22425450

RE:RE:RE:RE:Geez

I think he is implying that some of the $16 million the cash pile grew by between the last two reported amounts, was partially due to the .20 warrants being exercised.

Yes, this is quite possibly true. And it is quite possibly true that they kept being exercised in the following perios that I alluded to this morning to get to an estimated $108 million.

HOWEVER, even if ALL of the .20 warrants were exercised, it only amounts to about an additional $5 million or so to the company coffers, and we know that most of them are still outstanding. So.. sure a few hundred thousand might have contributed to the $16 million. Max.

I should point out that I'm almost certain that the new royalty level has taken effect by now, so I kind of doubt that we are actually at $108 million. I guess we'll all know very soon now.

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