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

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Comment by hockeylad33on Apr 17, 2012 11:08am

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Post# 19802701

RE: RE: News Release

Las Maraccas was already owned 50/50 by PTA and PXT. But there are 2 more structure directly south of and on trend with Las Maraccas (look alike structures) which are significantly derisked by the Las Maraccas discovery. This is a very good pickup. $3M is dirt cheap. They are also doing more 3D seismic on the southeast corner of the block. Also this gets rid of any back -in right their partner had on Las Maraccas. Better still is that PXT will be the operator. That management team is, IMO, very qualified and has shown success in the area. Plus it lets them call the shots with respect to development and exploration drilling, which should speed up the process for further development.

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