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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 BG20on Nov 01, 2012 10:37pm
195 Views
Post# 20553205

RE: Publicity can help shareholders

RE: Publicity can help shareholders

I agree with you Kevin that publicity could attract suitors and possibly increase competition for the assets. A long shot, but worth putting some effort into.

 

So I emailed BNN and requested they do a report on the Poynt situation. We'll see if they do. Others might want to email them as well to increase the request level.

 

Possible suitors:

  1. If INT purchases Poynt, then David Lucatch gets the last laugh ... given the events over the money Poynt owes them.
  2. I think Robert Curtis at o2O could be interested, and that could be why he didn't advance funds.
  3. A hardware, technology or media / advertising company could want to capitalize on the user base. The price could be attractive for what they would get.
  4. The China enterprise could easily be of interest to a Chinese company.

 

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