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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

Comment by YourNadiron Oct 30, 2011 11:49am
322 Views
Post# 19193522

RE: Presentation updated

RE: Presentation updatedI first invested in Poynt back in March. My initial purchase was at .225 and have averaged down. I am still underwater and, admittedly, I have questioned at times why I bothered with PYN in the first place.                                                                                                                                                                                                                                                                                      Over the past few months it has been refreshing to read the posts by bigpocketsinc. He really has a grasp of what's at play here. Although he's clearly a believer in this stock, I don't interpret his contributions as "pumping." There's no unfounded, "this stock is going to $1 by December" type of predictions. Instead, there are plenty of points made based on the company's public information and data about the online search/advertising sector.                                                                                                                                                                                                                                                                               I read the compelling material he posts and I am reminded of the potential I saw in Poynt back in March. I will remain a long and that decision has been made with greater reassurance due to bigpocketsinc, so thanks for that and keep it up!
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