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 > second offer?

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Post by netgenxon Dec 02, 2015 11:40am

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Post# 24346599

second offer?

We are currently trading at the offer of $1.33, and have turned over roughly 15% of the float since the offer as near as I can tell. So who's buying? It's certainly not the arbs. Is this just GTE cleaning up as many shares as possible, or is it possible that a second company has been buying to get a foothold before making an offer?

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