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 > PTA still halted.

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Post by mirage2014on Nov 12, 2015 3:20pm

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Post# 24286164

PTA still halted.

I would now be shocked if this had anything to do with the tranche financing. I have to believe it's bigger than that, and most likely PTA is being acquired. If not, why would it take so long to issue a press release on a done deal? IMO, there is a good chance PTA is being acquired and negotiations are taking place with at least one suitor. IMO, with oil no longer trading in triple digits, it's in our best interests for PTA to be acquired. We move on with cash, or receive stock in another company. When will we find out what's happening.....after the bell, or tomorrow? This is getting very interesting. GL to all of us.

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