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 > Alarm Bells

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Comment by mirage2014on May 31, 2015 1:29pm

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Post# 23782259

RE:Alarm Bells

I think the reason why it appears the April/May roadshows and analysts meetings were called off is because management is in negotiations to sell the company. This would also explain why they are not responding to pointed emails and phone calls. I still believe because of the value of the assets the premium will be significant. With their recent options priced at $0.14 I think they will sell the company for $0.30+, and multiple suitors could send the price higher. It needs to happen, sooner than later. I think the BOD's know that with partners handling the decision making/drilling that they are not in charge of thier date and it's time to cash us all out.

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