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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 Whitehellon Aug 20, 2014 7:54am
358 Views
Post# 22858918

2nd quarter

2nd quarterA few interesting things, the 2P NAv of Suroco going from 89 MM$ to 189 MM$, gives us a 100 MM$ more in reserve which is nice, it probably get our reserve up to app. 380 MM$. Now we now why Vetra was so interest in getting their hand on Suroco. Las maracas doesn't seem to have important decline yet, so that's good too. I think Q3 will be great with the addition of Suroco's production. On the downside, I would have liked more information about LLA-10. When they first farm out, i was wondering why canacol would get out just prior to Malavar-1 and I was wondering if it had been drilled and it was dry ; and  even if that is what Parex's paying for (89 % of the cost of the dry hole). Now that Malavar-1 Has completly dissapear from the drilling program, It brings even more questions. What happen there ? On the good side, they add another exploration well (Garza Roja -1 ) to replace Malavar-1, so we'll see what happen there... White

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