Pimco New York Municipal Income Fund III V.PYN

Primary Symbol: PYN

PIMCO New York Municipal Income Fund III (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to seek to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund also invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality. Pacific Investment Management Company LLC (PIMCO) serves as the Fund's investment manager.

NYSE:PYN - Post by User

Pimco New York Municipal Income Fund III

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Post by YourNadiron Mar 09, 2011 9:26pm

301 Views

Post# 18262747

Bought more today

I also lowered my cost average by adding about 40 per cent to my position.
I won't panic if it goes as low as 17. It's going to take a big news release to move this appreciably, but I really believe that is coming in the months ahead.
I believe in management. They have developed a tremendous product. They haven't sold their shares. They will figure out the ad revenue stream. Mobile advertising is a rapidly growing industry. Poynt is going to attract a lot of that attention, IMO.

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