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 mjh9413on Jan 03, 2013 3:43pm

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Post# 20793972

i am impressed

But that might not mean much. I see they are producing from the smallest net pay zone Une in the latest success, not Gachete as the preceding successes. Having followed GTE and CNE and the likes over the years which have predominantly taken oil from the Mirador (and 25feet in the latest well is comparatively a good size for Mirador) and to find PTA not touching this (I presume it would not constitute 'tariff' prodn?) makes PTA a much better prospect IMO. As another poster commented, cash flow is growing quickly (and should triple to 4 or 5 cents a qtr from sep end on what is flowing today) and options average 31cents which is not too dilutive from here..Wish I had decided at 30cents but went long today. GLA

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