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 > Production Update

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Comment by Buzzgroveon Sep 12, 2014 8:01pm

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Post# 22932607

RE:RE:RE:RE:RE:RE:Production Update

My personal thoughts on a rollback are much different now. Was initially skeptical. Seeing how PTA's price reacts to positives, I now believe price may rise on the announcement. I'm expecting an 8:1 consolidation which wuld bring us down to ~109M shares. With warrants gone and the complexities of a merger and share consolidation out of the way, PTA becomes a very attractive target with a more limited float. Normally I'd pull out now and wait for the announcement but in this instance, I am holding. Doubled my full position recently. Thinking of making it a triple on Monday.

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