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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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Post by BG20on Sep 21, 2012 1:54am
305 Views
Post# 20394159

More nickel shares for debt ...

More nickel shares for debt ...

This looks to me like the creditor must see upside in PYN shares to accept them at a nickel when they are trading at 2 cents. Looks like a good sign to me. We should see official news on this soon.

From Stockwatch:

Poynt Corp
Symbol C : PYN
Shares Issued 500,294,535
Close 2012-09-19 C$ 0.015
Recent Sedar Documents

Poynt 1.2 million shares for debt

2012-09-20 17:55 ET - Shares for Debt

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

The TSX Venture Exchange has accepted for filing the company's proposal to issue 1.2 million shares to settle outstanding debt for $60,000.

Number of creditors: One creditor

Bullboard Posts
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