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 > From BLOOMBERG: PTA is up for sale

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Comment by perdikaoilgason Oct 31, 2014 12:20pm

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Post# 23082095

RE:From BLOOMBERG: PTA is up for sale

And these are the acquisition metrics from an acquisition of an oil producer (950 boepd) in Colombia RIGHT NOW with BRENT at $85/bbl, as quoted from Part 2 below.

Do the math to find PTA's acquisition price by using the same acquisition metrics per flowing barrel. This is pretty easy.

At $52,000/boepd and 7,400 boepd (that excludes the 7 high impact exploration wells drilled by Q1 2015), you get an acquisition offer of US$385 million.

4) According to today's news, one more acquisition took place in the Colombian energy patch this morning. Platino Energy (TSE-V: PZE) paid $50 million and acquired 950 boepd (100% light/medium oil) in the Llanos Basin in Colombia. This translates into $52,632/boepd, while Petroamerica trades at $16,892/boepd at the current price of C$0.25 per share ($1=C$1.12).

In other words, a suitor should pay approximately C$0.80 per share to acquire Petroamerica Oil today, based on this acquisition metric.

The article is here:

PTA Article - Part 2