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 > Interesting close

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Comment by cocomgon Feb 13, 2015 3:10pm

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Post# 23428338

RE:Interesting close

Ingi

" PTA is substantially carried" because they will pay 5.5% of the well cost for Garza Roja1 (LLA-10) maintaining 50% of WI and pay 20% of the well cost for Calatea 1 (el Porton) also maintaining 50% of WI.

Langur1 (LL19) is subject ANH approval. It is suppose to come online in Q1. (1000 boepd testest with no water contact)

Remember also that PTA holds 50% of WI in LLA19 block paying 100% of well cost. As Ralph said langur1 opens up a new play fairway. Langur 2 is expected for Q2.

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This junior mining stock offers billions in market exposure