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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 thianon Dec 13, 2012 8:48am
182 Views
Post# 20723866

RE: RE: RE: AO must go and your money also

RE: RE: RE: AO must go and your money also

caveman8 I agree with what you are saying.

 

However I am viewing this situation at this particular snapshot in time.  Under this present circumstance AO is the person to manage Poynt.  The learning curve will be too steep for someone else to take over at this delicate stage.

 

INT and or their JV partner will just crash the Poynt jet.  

 

Further, I am saying that we must look at all the events that led to this unfortunate situation.  Something looks and smells fishy.  That is my personal take on the situation.

 

On my trustworthy scale Socius and INT are low in the pecking order.  But that is just me.  That is just my opinion.  Who knows, they may be saint and going to church/synagogue every week and carefully doing their "religious" duties.  These guys may even grow wings on earth and could be the manifestation of angels.

 

Just that I think otherwise and I would suggest a pair of horns for them.  But that is just my opinion.  My lowly opinion.

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