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 STVPon May 10, 2011 11:41pm

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Post# 18557753

First Revenues:

The news for this should be out soon I would think, given that it's already May 10th and the company promised "early May":

From their MD&A dated April 29th 2011 on SEDAR:

"To date, this long term production test has produced over 275,000 barrels of 28° API oil with 0.2% bulk sediment and water. The Company has not recognized any revenue from this production in 2010 as it had not signed a marketing contract or a distribution agreement with the Block?s operator for the year then ended. However, the Company expects to complete a marketing contract with Petrobras to sell the oil being produced from Balay-1 on the Company?s behalf soon and the first payment for these sales is expected to be received in early May. "

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