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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.


NYSE:PTA - Post by User

Post by hegemonicoblivionon Oct 30, 2013 1:38pm
440 Views
Post# 21862436

dezzolt, I dont think you understand Las Maracas, but

dezzolt, I dont think you understand Las Maracas, but we all have our opinions.  Any discoveries that may happen will take more than a few months to turn into a bona fide field, time is money.. There are multiple zones in Las Maracas that will be developed over time,  thats the key to its longevity. The wells that we are working on now, may very well turn into good discoveries, then its a waiting game to see how the followup wells(appraisals/development) develop into so called fields.  We should get answers to what might be on the table for 2014 when testing results come back from Guira and LC2... Then perhaps, we can sit back and enjoy to a degree the potential appraisal/development wells. I dont believe the company is up for sale, period.  As if Guira and LC 2 produce the opportunity for two new fields than obvious 2 P dramatically increases, and so does NAV.. Its a process as an investor, do you want to wait or do you want to use your capital with another opportunity. Im waiting here now, as I can see the potential for 2 big bumps in reserves here with success on both wells. Have a nice day.
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