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 hockeylad33on Sep 12, 2013 8:33pm

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Webcast Notes

A few interesting tidbits.

1) LM-14 drilling in Q4 will test the limits of LM 2P numbers.

2) LC:
- LC-1 to be on prod by end of Sept.
- LC-2 results shortly

3) Curiara on Production early January 2014.
- was drilled on edge of structure, hence only the 8ft on net pay.

4) Additional leads identified on LM, to be followed-up

- Currently 6,000 bopd production, 15-16K bopd production capacity.
- Also, lack of increase in production is not due to declines, only the shut-in on LM5 and restricted flow rates.

Crypto-1 looks quite nice at 57% COS and 7MM bbls Pmean. The only issues I see are that PTA is not the operator but own 100% of the block ... how is that going to work?

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Silver Range Resources: A hidden gem in the mining industry