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.

NYSE:PYN - Post by User

Pimco New York Municipal Income Fund III

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Comment by moneydiggeron Mar 17, 2011 11:04am

314 Views

Post# 18298565

RE: Last chance to pick up cheap shares

I agree, after the last push, I never thought we would trade under 20cents ever again. The markets pulled back hard and it affected PYN and its the only reason why it came down as much as it did. Just a good opportunity to add some more under 20cents. This deal will not last too much longer.

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