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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 bablooon Oct 28, 2011 2:41pm
339 Views
Post# 19190770

Ok, I bought in today....

Ok, I bought in today....

I know I have been down on Pyn...but my points about India still stand. We should not expect much from it in terms of revenue conversion.

I am buying given teh hype about social media and advertising and grpn.....we may see a good 6 months ahead....

my fear is still dilution again as they run out of cash....PIPEs are usually bad as they sense a company is going to need money and they start driving it down.

we really need to put some lipstick on and sell while the hype is alive.....maybe 50 cents coould be fetched?

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