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 > News Release- Fully Funded for 2013 Dr

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Comment by ANBCAon Dec 18, 2012 5:22pm

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Post# 20747579

RE: RE: RE: News Release- Fully Funded for 2013 Dr

At the stated target rate of 4500 bopd from existing wells they should generate $115 Million if the net back remains at $70 pb. This would give them an excess of $45 Million over the Capital Budget laid out in the NR. Also as stated this takes no account of further success with the drill bit.

A great news release that shows the company is proceeding in a responsible manner financially and being transparent in those intentions with shareholders. It is very nice to know what to expect from the company and not have to always try and second guess what's going on.

Congratulations to Management!

GLTA

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