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 > Hard to Believe

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Post by Ingiboyon May 05, 2014 11:30am

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Post# 22524652

Hard to Believe

Hard to believe anyone would be selling their PTA shares this week with the imminent expiration of the B Warrants but yet they do. I am sure they have their reasons but it escapes me.

"Effective at the opening, May 6, 2014, the share purchase warrants of the company will trade for cash. The warrants expire May 9, 2014, and will therefore be delisted at the close of business, Friday, May 9, 2014." (StockWatch)

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