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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 bigpocketsincon May 08, 2012 8:17pm
347 Views
Post# 19887331

RE: RE: !!!!!!!!!!!!!!!!!!!!!!!!! NEWS !!!!!!!!!!!

RE: RE: !!!!!!!!!!!!!!!!!!!!!!!!! NEWS !!!!!!!!!!!

What I read is "interest free for one year " and " holder cannot convert until maturity " this is set up for the company to pay back in cash. Warrants and conversion after maturity ( if pricipal not paid back ) are at .20 .

Each 1000.00 debunture grants 200 .20 warants to the holder so 10,000,000 / 1000 = 10,000 x 200 = 2,000,000 shares of dilution for sure, but also another injection of another 400k in cash for that.

This is the most strategic financing I have ever seen for a company trading at this level. Done at double the current market cap, interest free for a year and can start to pay back six months after close of this PP with no conversion by holder for a year !!!

Cabbie chime in on this !

- My thoughts on Poynt https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30997899&l=0&r=0&s=PYN&t=LIST

- Poynt's USA mobile search ownership along with Google, Yelp etc https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30949637&l=0&r=0&s=PYN&t=LIST

- China JV https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=PYN&t=LIST&m=30953796&l=0&pd=0&r=0

-Two links with analysis and targets to review herehttps://www.frasermackenzie.com/newresearch/POYNT/

- Opening report 1.15 target Poynt Corp. - Don't Worry?? Be Appy!

- Supplement to report 1.15 target 12-01-11 Don't worry Be appy Samsung

- Second supplement to report 1.15 target 12-15-11 https://www.byroncapitalmarkets.com/wp-content/uploads/2011/12/Poynt-Corp-Note-12-15-11.pdf

https://www.poynt.com/investors/presentations/

https://www.poynt.com/investors/news-releases/

https://www.poynt.com/wp-content/files/Poynt-AdKit.pdf

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Juniper Research Report on Global Mobile Commerce promiently contains Poynt see link : https://www.juniperresearch.com/reports/mobile_commerce_markets

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