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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 Kevin987on Sep 27, 2014 8:39pm
268 Views
Post# 22976968

Legal problems with Putumayo-7 + share consolidation coming

Legal problems with Putumayo-7 + share consolidation comingJust read the first paragraph of the news release. The block is still subject to approval. 


CALGARY, ALBERTA--(Marketwired - Sept. 25, 2014) - Petroamerica Oil Corp. (TSX VENTURE:PTA) ("Petroamerica" or the "Company"), a Canadian oil and gas company operating in Colombia, holds a 50% interest in the Putumayo-7 block (subject to ANH approval) following a May 2014 farmin with PetroCaribbean Resources Ltd.

Petroamerica has recently become aware of an allegation made by GeoGlobal Resources Inc. ("GGR") in a press release issued by it and Key Capital Corporation on September 19, 2014 that GGR has a right to a 10% carried interest and an option for a 40% interest in the Putumayo-7 block.

Petroamerica, in consultation with its counsel, considers the allegations of GGR to an on-going interest and option in the Putumayo-7 block to be without merit.

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