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

Bullboard Posts

Post by jbbigboyon Feb 10, 2011 9:44am

473 Views

Post# 18108257

This stock has verbal support

but the MM's will be playing with this one for a long time and if you want to own PYn ...or nay other Venture exchange stock....be ready for bumpy rides.
I'd agree with a 50-60 cent target. I believe that PYN will be bought out and I believe RIM will likely buy them out.
Once we hit 10 million + users , buyers will be ready to make offers.....we already have 6 million users ....give us 8 months and we'll hit the 10 million mark.
Fair value...hard to say....but an offer of $200 million would give us a share price of about 0.56 or 0.57.

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