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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Post by steve700on Mar 17, 2011 1:47pm

498 Views

Post# 18299764

Hanging in there

I hold Poynt and have been since the first big run up. I do think it will slowly rise, but i'm convinced that we will see .16 in the next week or so. I could be wrong, but i have rode too many companyies like this down to low levels and no one can understand it. I just hope it dosen't ride lower.

It will rise but i think we are talking like the fall/early winter.

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