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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 BlueBullzeron Nov 27, 2013 12:44pm
230 Views
Post# 21946574

RE:Nearly 7 million shares traded... flat..

RE:Nearly 7 million shares traded... flat..Heg,  I think we will see some movement soon.  People are just impatient.  I believe the reason LC-1 hasn't started production yet is actually due to LC-2.  In a previous news release they talked about safety in regards to the drilling of LC-2 and its proximity to LC-1.  It is possible management is just being cautious, and that they want to get the service rig in place and set up on LC-2 before they start the LC-1 up.  Heck it could be superstition for all i know.  I find it strange that quite possibly the strongest junior in columbia is having its share price held back by a simple wait time on a service rig.  Are investors really that tempermental these days?  The fact that the assets of the company(liquid+non) exceed our market cap, and all appraisal/development, future production tests, and exlporation literally isn't even factored into the price is baffling.

I urge all investors to just take a moment, lean back in your chair, take your hands off the keyboard, and breathe.
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