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 > new offer

<< Previous

Bullboard Posts

Next >>

Comment by Crotchon Jun 10, 2014 8:18am

195 Views

Post# 22644765

RE:RE:RE:RE:RE:RE:new offer

rapid_fire_ wrote: .60 cents is a bit of a joke.

How is a 60 cent all cash offer a joke? I think some of you guys might be missing something here. If you think the recent PTA SP run up is unrelated to this offer, you may be naive. PTA needs it's sp to appreciate in order to seal the deal with SRN. In addition, once the deal is done, PTA's value is effectively diluted by 25% with the new issue of 230 million shares. That will be felt immediately by shareholders. If I'm an SRN shareholder, the cash is the much better deal - even at 60 cents. Cash gives you options - holding on to a boatload of cheap PTA shares, not so much.

PTA can't afford to increase their offer. I'm pretty sure they'd be breaking the bank by offering more. Further dilution seems like an inconceivable road to go down.

<< Previous

Bullboard Posts

Next >>

WINNERS of the COP 29: Siemens Energy, Plug Power, dynaCERT!