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.

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Pimco New York Municipal Income Fund III

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Comment by biren1on Nov 01, 2012 10:27am

202 Views

Post# 20549496

RE: RE: will INT get PYN assets on the cheap ?

good advice herviov, but keep in mind, int is able to secure financing pretty easily at the moment. As well, even though their cash burn rate is not good, they seem to be using it on growth strategies like fantalk, sweetcard, and lexiphone, to try to get a potential listing in the US. So really, talking about apples and oranges at the moment between the companies.

But hey, you never know what the future might bring, so your advice is good to take to heart no matter what the situation of a company

GLTA

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