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 > Normal Course Issuer Bid

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Comment by Ingiboyon Mar 25, 2015 11:26am

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Post# 23559228

RE:Normal Course Issuer Bid

Well said Rio. This last NR was simply a renewal of the option to buyback shares although in the content of the NR they intimate they will initiate the buyback. I agree it should not be high on the list of things to do to strengthen the company and God forbid increase shareholder value.
what we desperately need at this moment is exploration and development of their blocks. I will be very disappointed if they announce they have put off drilling Langur-2 in Q1. The other 2 planned wells were Q1/Q2:

Block	Working Interest	Prospect/Well	Activity Type	Timing/Status
LLA-19	50%	Langur-2	Appraisal	Q1 2015
LLA-10	50%	Garza Roja-1	Exploration	Q1/Q2 2015
El Porton	50%	Calatea-2	Exploration	Q1/Q2 2015