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.

NYSE:PTA - Post by User

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > PTA shareholders

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Comment by AlbertaBankeron Apr 04, 2013 12:26pm

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Post# 21210953

RE: RE: RE: RE: PTA shareholders

I fully agree with you Coast. Further to your point, the majority of these wells are Gacheta producers. So we have the production today with the option to recomplete as Mirador producing wells in the future. I could be wrong but I dont think the intent is to recomplete these wells this year. I think the companies strategy is to expand the production on the existing Gacheta producing wells, further delinate the LM field by LM wells 8 to 13.

The NR could have been more clear on this and would have saved a lot of us some confusing conversations. In the meantime LM-8 spud is good news.

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