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.

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Pimco New York Municipal Income Fund III

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Comment by pkpotentialon Jun 08, 2011 10:49pm

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Post# 18690927

RE: vd3ntRE: RE: Sickening

I have no doubt in my mind whatsoever that people who have the patience and persistence and keep their money in here until 2012 will get rewarded extremely well. I would predict 80 cents or so minimum with my best estimate at $2.00.

The only problem I am facing is I am making a business over the summer and I need to get a lot of money out of places to fund it. This is the only reason I am annoyed with Poynt and a few others, because I don't want to have to sell something that will turn out very good for a loss because I need the money for the business.

So if you guys can keep your money in here for a long time and ignore daily stock prices and check maybe once a week, you should do spectacular.

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