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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 dpietroon Feb 13, 2012 1:31pm
219 Views
Post# 19526506

HUGE MARKET

HUGE MARKET

"The Chinese mobile market alone has been estimated at nearly one billion users (ii) -- that represents an enormous opportunity for Poynt Corp. as mobile users in China convert to smart phones and discover the power of apps, and mobile local search platforms in particular."

PYN made a monumental step forward today, most companies dream of entering a market with one billion users

The Chinese government is very selective in whom they let in, ask Facebook

The trend will be up from here on

 

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