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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

Comment by dezzolton Oct 31, 2013 4:47am
245 Views
Post# 21864322

RE:dezzolt, I dont think you understand Las Maracas, but

RE:dezzolt, I dont think you understand Las Maracas, but Opinion? What else! Do you have any data by any chance? It may be that your longevity equals my depletion rate, just a matter of agreeing on terminology, or "waffling around" to use a terminology so dear to one of my colleagues, so right. But if we want to attach numbers we need data. And these are missing, or well hidden - to me at least. Las Maracas will do a great job in funding PTA ops for the next couple,  2 1/2 years (ooops I am guessing numbers now), in the meantime there's plenty time to appraise/develop the discoveries - the management is beautifully efficient with this, and for the big one to be hit.
Two big bumps? Again a matter of relative perception of things (Curiara looks nice on paper, the bounding fault is a little less sexy for my taste though).
Going back to the data - is there anyone out there that could point me to the GLJ Reserve Assessment report? Has this been published/filed somewhere, is it accessible?
A short clarifying note about the estimate of 2-2 1/2 years: 5 MM reserves depleted at rate of 6000 bbld - without considering that ~1.5 MM should be gone already (5000x300)
Cheerio
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