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 SlumdogMillionaireon May 03, 2011 12:37pm

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Post# 18523146

Relax

Just be patient and stay the course. The stock has already appreciated over 100% in 6 months. The stock is doing just fine, if you bought in at 20+ cents look at it this way... Imagine how pissed the INT people were the first jump when they bought in at the top at 80 cents only watch it fall back to 40 cents? Then they were laughing when the stock was over $3 a couple of weeks ago.

Take a deep breath and stay the course.

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