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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

Post by Miner1967on Aug 20, 2014 7:36am
350 Views
Post# 22858893

Recent bombing to important pipelines in Colombia

Recent bombing to important pipelines in ColombiaI was looking recently into PTA again, and I saw the news about the bombing from FARC etc in June and again in July:

https://www.reuters.com/article/2014/07/12/us-colombia-oil-attack-idUSKBN0FH0U020140712

"Pumping of oil from one of Colombia's ‎most important pipelines, the Bicentenario, was paralyzed after an attack by leftist rebels... "The oil pipeline was ruptured, oil was spilled and there was a fire," said the statement from Oleoducto Bicentenario, which operates the pipeline on behalf of the consortium that owns it, led by state-run Ecopetrol and Toronto-listed Pacific Rubiales.
The 230-km (143 miles) pipeline has capacity to transport 110,000 barrels per day from the Eastern Plains to the Cano Limon-Covenas pipeline."

PXT and mostly CNE started to correct a few days later of this last bombing. I wonder if this could have a negative impact on PTA too.


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