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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Post by norim109on Nov 08, 2012 8:46am

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Post# 20575540

From PRE press release

I am pleased to announce that in the past week we have received the environmental permit that will allow us to start exploration drilling on the CPO-12 E&P block to the north and contiguous to the CPE-6 Hamaca prospect. On the other hand we are still waiting on the blanket environmental license for the CPE-6 E&P block which we require in order to advance exploration drilling, extended well testing and field development of the oil discoveries and prospects we have identified on the block.

As released on Nov 8, 2012 by Pacific Rubiales, partner of PTA on CPO block

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