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 BlueBullzeron Aug 18, 2012 4:01pm

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Post# 20233565

Why divest SSJN-5

I understand the strategy behind reducing risk and increasing cash on hand, but what I don't understand is SSJN-5 had the largest MMBO potential out of their entire current drilling portfolio. At least according to their presentation. Why divest the biggest upside? Obviously if their research concluded SSJN-5 as having the largest potential then it would have the least 'dry hole' potential. PTA wasn't the operator on the block so they had less hassle as well. Anyone know why else they could have done this? I'm curious.

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