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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

Post by Whitehellon Jul 18, 2014 12:33pm
246 Views
Post# 22759799

strange market reaction today

strange market reaction today
i'm puzzled, i must say... for the poeple selling Pta's share at this price... if they didn't like the merger with SRN, why didn't they sell when the SP was at 0,37 for almost 2 weeks and move and, why wait for the merger to actually occur and then sell at 0,32, either you like it and you stay put, either you sell before the M&A at the level the SP was, it was actually a good selling opportunity if you don't like this new deal... I've been adding today and will continue to add if it continue to drop at 30 cents or in the high twenty... I still believe that since the new discovery of SRN wasn't in the reserve report, we'll be sitting at a higher RLI and that the market will eventually began to close the gap between columbian's peer... but who really knows in those market... white
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