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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 woodychipson Jul 06, 2012 2:22am
343 Views
Post# 20087524

Is it possible ?

Is it possible ?

Andrew never wanted a reverse split or he would have done it already to get the finanancing.Its possible that Cancr-p wanted to change the terms again and he said sc...w  you.We may really be only a few months away from being self sufficient .Andrews move is to file for bankruptcy protection and he buys time on his terms.

I can't believe that with all the work that has been done that it is all for not.

 

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