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.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > Results are out and I like what I see.

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Comment by Ingiboyon May 14, 2015 10:57pm

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Post# 23731224

RE:Results are out and I like what I see.

Encouraging results. Good to see reduced :

1. Production Costs from: $17.38/BOE Q4 2014 to $10.78/BOE Q1 2015 ( this is a big reduction)
2. Transportation Costs from: $14.36/BOE Q$ 2014 to $14.00/BOE Q1 201
3. G and A Costs from: $7.1 million Q4 2014 to $1.8 million Q1 2015

These are impressive cost reductions.

Average daily production Q1 4,587 BOE/D (above guidance)

Debt free with $26 million in cash. Will not need financing to complete years planed activities.

My only dissapointment is:
"For the month of April, total Company WI production was 4,064 boepd, with 2,260 boepd from the Llanos and 1,804 boepd from the Putumayo."

Further reduction in production with no explanation nor any explantion on how this will be rectified. Why would they not provide some guidance on how we recover this production?

Overall I think this will be considered good news to the market and may get us out of jail.

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