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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 DEXT3Ron Jul 06, 2012 10:02am
265 Views
Post# 20088222

RE: RE: RE: I just cannot learn

RE: RE: RE: I just cannot learn

720k in shares is only around $33,000.... why is that hard to believe.  I use and like the app, saw it hit a 52 week low based on financing going through, figured it was SAFE for a a bound to around .07 or .08 (below warrants)  Why would I overstate a loss like this.... its somewhat embarrassing

Was completely blindsighted by the financing not going through.... my fault.

 

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