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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

Post by A_C_M_Eon Feb 10, 2012 11:30am
133 Views
Post# 19515816

IGNORANCE

IGNORANCE

 

thats the foundation of keeping a market, but regardless some have begun to question the leadership of Poynt. I have SOLD my personal holdings and i dont doubt that some key investors have started to or will be unwinding.

Its hilarious to sponsor a 2nd tier race car with a product in line with joes auto parts over there on sideroad 15 to an audience of red-necks... anyone at poynt bother to get demographics on that?

Poynt isnt godaddy, and all parsons wants for his $ is danica in bed.

2ndly this short fat guy on the BOD is no tech marketing star, its quite the opposite. jury has been out on that and a verdict obtained.

Poynt should spend the money on integrating the product into peoples lives, not promoting the company like a mining stock and I  think the market will respect that and the stock price will follow.

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