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

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Post by witekon Feb 01, 2011 2:17pm

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Post# 18056575

re: Petrobras

Petrobras Strikes Black Gold in Colombia's Balay Block
Brazilian state-run energy giant Petroleo Brasileiro said Thursday that it had discovered oil at a well in Colombia.
The discovery was made in the Balay inland block. Petrobras holds a 45% operating stake in the block via its Petrobras Colombia Limited unit. Cepcolsa holds a 30% stake, while Petroamerica Oil Corp. has a 15% share and Sorgenia E&P Colombia B.V. holds the remaining 10%.
Petrobras said that the Balay-1 well showed the presence of oil rated at 28 degrees on the American Petroleum Institute's rating scale. Initial flow tests showed production levels at about 1,314 barrels a day.
The well was drilled to a depth of 4,652 meters, Petrobras said.
dated Jan 24, 2011

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