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 > Will shares be consolidated? Pretty ambiguous if you ask me.

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Comment by mrpanickon Nov 24, 2014 5:19pm

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RE:Will shares be consolidated? Pretty ambiguous if you ask me.

Every share consolidation (reverse split as we call it in the US) has similar language. Once they get the permission, they will do it (as they should). There is no ambiguity. The Board has discretion on the timing, but they will do it. Maybe they will announce the consolidation together with good earnings or well results.

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