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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 rsh1cpaon Aug 03, 2014 7:29am
312 Views
Post# 22805859

News wat

News watTemper your expectations.  End of August will be 3 months since last quarterly. Perhaps we'll hear something in a few weeks when Colombia oil bids are announced as final.  

Of course I would like to hear some news sooner of drilling and production test results.  However, we have learned in 2014 that the company's lack of news releases did not mean they were not very busy.  Now they have bought a company and are likely busy integrating and making plans to be an operator, involved in financial discussions for replacing and expanding the debt/credit lines, planning for the reverse split, and who knows what else?

With some wells that have been on LT tests, we may be ready for some development plans at LaCasona, not to mention Suroco acreage.  Lots of exciting things to look forward to, but we may have to exercise some patience.

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