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

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > TLM scenario

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Comment by perdikaoilgason Feb 06, 2015 7:08am

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Post# 23402825

RE:RE:RE:TLM scenario

olinvestor, we all make mistakes. No problem at all. I just wanted to make things clear because some viewers could make wrong assumptions.

However, I do agree with Deadcow. If you apply the acquisitions metrics from the recent deals

PAREX - VERANO

and

PLATINO - CEDCO

PTA will sell at least C$0.70.

I quote the latest PLATINO - CEDCO deal when PZE paid US$50 million for CEDCO,

while PTA produces almost 6 times more than CEDCO and owns almost 6 times more 2P Reserves than CEDCO.

CALGARY, ALBERTA--(Marketwired - Oct. 14, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Platino Energy Corp. (TSX VENTURE:PZE) ("Platino" or the "Company"), is pleased to announce that it has entered into a definitive at arm's-length share purchase agreement dated October 13, 2014 whereby, subject to the satisfaction of certain customary closing conditions and adjustments, Platino will acquire 100% of Colombia Energy Development Company ("CEDCO"), for a total cash consideration of US$50 million. The transaction has an effective date of August 1, 2014, and an expected closing date on or about November 28, 2014.

Acquisition summary

100% operated interests in two Agencia Nacional de Hidrocarburos contract blocks (Rio Verde and Los Hatos), and one Ecopetrol S.A. contract (Alcaravan) (collectively the "Llanos Assets") located in the Llanos basin, covering an area of approximately 31,000 gross acres.
Oil production (Q2 2014) of approximately 950 barrels of oil per day (bopd) on a working interest before royalty basis.
Proved + Probable audited Reserves (working interest before royalty) of approximately 2.1 million barrels of light and medium oil as of July 31, 2014.