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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

Comment by mrpanickon Aug 26, 2014 12:04pm
226 Views
Post# 22878596

RE:RE:MIner, I found this analysis very interesting.

RE:RE:MIner, I found this analysis very interesting.The drop to 6000 was due to a drop at Las Maracas.  That's a mature field and is going to decline over time.  Meanwhile they added another well subsequent to the end of the quartert at LM which added 800, so LM production is probably about back to where it was. The imminent demise of LM has been predicted for quite awhile and the field continues to over-perform and generate huge amounts of cash.  Water injection facilities being setup there show that they will take additional steps to keep the oil flowing there as the field matures more.
     The story is that LM is still a cash cow and that production is ramping up rapidly elsewhere so that they are becoming less dependent on that one field.
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