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 > What is Mr Market telling us?

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Post by rsh1cpaon Jun 12, 2014 5:01pm

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Post# 22655307

What is Mr Market telling us?

PTA game plan is right on. We know now why they were so silent and accumulating cash. Agreement with Suroco appears validated by Vetra bid. Vetra bid appears to be a bit desperate in tone now that they see Suroco slipping away. No one will tender for cash at this point. If Vetra did not have guts or money to offer Suroco a fair deal, it is doubtful they would be an acquirer of PTA.

Mr. Market is looking out some months and validating PTA as a consolidated, larger entity selling at a discount to peers.

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