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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Post by thianon Mar 16, 2012 5:24am

654 Views

Post# 19679279

What is next?

It is only this morning I caught the NR. Growth is going to be phenomenal. I am glad that I was loading up although it was steadily increasing my average price.

Either ddubs75 and or bigpocketsinc predicted this scenario over 6-8 months ago.

I wonder how the market is going to react today. I am feeling like a kid on Christmas Eve. This stock was always based on a solid business plan and the MT were continually adding value but the market was blind to the progress.

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