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

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Post by ROIcrusaderon Apr 16, 2015 11:55am

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Post# 23636440

Coincidence?

So Parex PXT just did a bought deal financing for 119m to fund exploration and 'opportunistic acquisitions'. I'm most likely not aware of all of the targets, but the two companies that come to mind are PTA and CNE.

CNE's market cap $417m~ish.

PTA's market cap is 113m~ish.

If I was a betting man (and I am) I'd put my money on a PTA acquisition over CNE. Either way, I've been very critical of this stock and it's share structure. The one thing I have been positive on is their relationship with PXT.

A 30% premium would put the enterprise price at 146m ish or just around 16c per share. Should be an interesting couple of weeks!

GLTA

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