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.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > Legal problems with Putumayo-7 + share consolidation coming

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Comment by mrpanickon Sep 25, 2014 11:22pm

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Post# 22972266

RE:Legal problems with Putumayo-7 + share consolidation coming

Petroamerica said in their response that that lawsuit was without merit. Presumably their lawyers and their partner's lawyers looked at this issue before farming into the block. The case will probably drag on in court for years. Besides, if I recall correctly Suroco only paid a few million to farm into that block. There is no current production on that exploration stage block and it's one of a dozen PTA blocks. Not exactly an earth shattering issue.

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