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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

Comment by honda777on Oct 20, 2011 2:12am
265 Views
Post# 19165756

RE: RE: RE: Weak reaction

RE: RE: RE: Weak reactionI think too many people here are playing with their allowances their wives give them and have no patience. They should just get out and sell. This stock is more than a year from taking off but it will when it's time. Takes time to build long relationships for companies to advertise and here is no different. Eventually long term advertising contracts will take place versus the short term contracts now. When companies get a bang for their advertising dollars then the long terms will happen. Until then patience will be a virtue, but is a ways away. Longs will be paid well in time!!!
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