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 > PUT 7 Operatorship

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Post by mrpanickon Apr 17, 2015 3:39pm

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Post# 23641907

PUT 7 Operatorship

Here's from page 3 of the Annual Information form filed on 4/15/2015. Hedgie and others have been going on about the supposed lack of operatorship by PTA. In fact the report says that PTA is already in the process of becoming an operator. I never thought operatorship was a huge issue. Vetra and Parex are good operators. Does it really matter that much if they operate some wells for us? Could even be a plus. Anyway, here's the quote:

All of the blocks noted above are non-operated, with the exception of PUT-7 where an application is being made to the National Hydrocarbon Agency of Colombia (“ANH”) to transfer the operatorship from the current operator to the Company.