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 on 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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Post by steve700on Feb 25, 2011 5:43pm

452 Views

Post# 18196793

End of Day

At the end of the trading day, there is always someone who dumps at the last minute dragging the price down.
Why so?
They could have sold at that price at multiple times throughout the day , but every time they dump to drag the price down. At least that's the way i see it. Could just be week hands, but i think there are a few trying to hold the price back.
Am I way out in left field on this one?

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