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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

Post by dwhinneyon Sep 12, 2011 7:42pm
325 Views
Post# 19034823

WiLAN NR

WiLAN NR

Paul J. Lerner Joins WiLAN Management Team

OTTAWA, CANADA--(Marketwire - Sept. 12, 2011) - Wi-LAN Inc. ("WiLAN" or the "Company") (TSX: WIN)(TSX:WIN.DB)(NASDAQ: WILN), today announced the company has expanded its senior management team with the addition of Mr. Paul J. Lerner to the position of Senior Legal Counsel.

"Paul is widely regarded as an industry expert and IP licensing thought leader and I am excited to have him join our team," said Jim Skippen, Chairman & CEO. "Paul's credibility and leadership speaks to the caliber of professionals WiLAN is committed to attract and retain as we grow our business and build for the future."

As Senior Legal Counsel, Mr. Lerner will establish a U.S. presence for WiLAN in Stamford, Connecticut and play an influential role across all aspects of the business. In particular, his expertise will support the growth of WiLAN's partnership licensing business that is championed by its subsidiary, Gladios IP ("Gladios"). Gladios was established in 2010 and works with patent owners to help them derive value from their patent assets.

Prior to joining WiLAN, Mr. Lerner was Senior Vice President and General Counsel of General Patent Corporation ("GPC"), a leading patent licensing and enforcement firm, founded in 1987. During his 11 years with GPC, Mr. Lerner led licensing activities for hundreds of inventor-owned patents. He is also co-author of two books, Essentials of Licensing Intellectual Property (John Wiley & Sons, 2004) and Essentials of Intellectual Property (John Wiley & Sons, 2002).

Before joining GPC, Mr. Lerner was a partner in the Hartford, CT business law firm of Pepe & Hazard LLP. He has led IP law departments at Olin Corp., Black & Decker Corp., and multi-national electrical construction giant Asea Brown Boveri, Inc.

Mr. Lerner's education includes a B.S. in Aeronautical Engineering from Purdue University, an M.B.A. from Loyola University, a J.D. from DePaul University, and post-graduate legal studies at John Marshall College of Law.

About WiLAN

WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 250 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 1400 issued or pending patents. For more information: www.wilan.com.

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