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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

Pimco New York Municipal Income Fund III
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Comment by thianon Apr 29, 2012 6:40am
214 Views
Post# 19849068

RE: RE: RE: My perspective on Poynt

RE: RE: RE: My perspective on Poynt

Hay you make a good point.  But I wish to add to your comment.

Poynt is undergoing expansion on three fronts all and most need financial input. 

  1. There is the technical aspect where verticals are added and the functionality of the app is expanding
  2. There is the initiative to expand into new markets.  India went live 194 days ago
  3. At the end of August 2012 CYL is expected to launch in China.  I do not expect that we will experience the delays that we saw in India.  I have a little information on this one (from China Youth Goyor Technology (Beijing) Co., Ltd).  I truly believe that we will hit our target.
  4. There is speculative positions on whether Brazil will be the next to go live.
  5. The integration of Ortsbo into the Poynt platform (and this will add value)

All the above cost money and I am happy to see that the MT is focusing on the above expansion.

 

Hay, I thank you for your comment but I just wanted to add and give an explanation to new and potential investors

 

Thanks again for your post

 

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