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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 TraderDadon May 01, 2012 3:48pm
418 Views
Post# 19858221

dead stock for a while

dead stock for a while

Great, great potential here, but like I said I believe it's a 'show me' stock to many on the sidelines.

I think it's going to break out in a very big way, but I am not expecting anything until QIII .

Perhaps rangebound, 9.5 - 12 cents until then through most of the hot summer days ahead.

I'm willing to wait it out,  not holding a position large enough that keeps me awake at night, but big enough to make good coin when it blows wide open!

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