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 > is there any uncertainty priced in here? re Suroco

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Comment by hegemonicoblivionon Jun 16, 2014 11:15am

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Post# 22663185

RE:is there any uncertainty priced in here? re Suroco

Theres still the possibility of a higher take over offer from Vetra... Suruco still trading around 65 cents... So thats a premium to the "cash offer" from Vetra...If by chance Vetra offers 70 cents this week, then PTA could trade around 40 cents.... ( 1.74 conversion ratio). Suroco well bid, so I will assume theres still some chance of a bettering of their first bid... Im surprised we have not seen a higher bid from them already.. They do have some interesting people on their management team... In any event, Ill work on the assumption that there will likely be a bid for the combined company soon enough.. (higher probability for me is the successful combination of Suroco and Petroamerica).

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