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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 > Better Production Guidance!
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Comment by Crotchon Apr 28, 2014 9:29am
214 Views
Post# 22497197

RE:RE:RE:RE:RE:Better Production Guidance!

RE:RE:RE:RE:RE:Better Production Guidance!I will make one last attempt here, in the hopes that you may finally get "it". If LM's reserve replaement ratio can't be held at 100% or higher, LM and PTA will run out of oil to pump, and money to spend. For investors - especially big ones, and long term folks, this is bad news. There will be a small window during which PTA will need to convert it's current assets to producing fields, or they will need to buy production from someone. 

The fact that there is a halt is certainly suggestive of an M&A. This should be more evidence that there is a sense of urgerncy and concern about the declines at LM. 

Thanks for the tip on Apple. I will check them out.
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