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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 thianon Apr 22, 2012 12:24pm
260 Views
Post# 19821453

RE: RE: RE: RE: RE: RE: Question

RE: RE: RE: RE: RE: RE: Question

Hi big, I was reading your reply to CabbieCBJ.  A couple of thing have me a bit uneasy.

 

First Cabbie was talking about being patient with Poynt and that if things do not happen 'within two months' he may even start bashing.  I was shocked.  He was pumping the tires of WiLan until it "buss" even when they were underproducing.  He never got impatient for a second and was defending the actions of their CEO Jim Skippen -  just giving you a backdrop.

 

I am wondering about his motives on this board.

Second you stated that Poynt may be heading for a full "Q" - I am going to use your words:

- Poynt's NADAQ listing has been hinted to be around early summer

This is going to be a miscalculation for that timing will cause tremendous hardship to stakeholders.  That is a simple fact.  The earliest that they can consider such a listing is after India through timesPoynt is in full gallop and when CYL of China has given part of the promised 20M subscribers. 

 

If you have direct contact with Andrew and his team of Elves please give them this warning.  They will get their butt kicked to the curb if this is their timeling.  I hope that you are wrong

 

The NASDAQ pink slip listing that we currently have is doing awful.  Trading just under 4 thousand units per day (3 month average).

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