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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 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

Post by steve700on Nov 10, 2011 3:23pm
274 Views
Post# 19227476

A little Wi LAN reading.

A little Wi LAN reading.
Not sure if this pertains to Poynt at all but still interesting to follow a company that Poynt is working directly with.



1 hour ago - Reuters
WiLAN's 759 Patent validated in U.S.
 

(Reuters) - Canadian patent licensing firm WiLAN Inc said the U.S. Patent and Trademark Office (PTO) validated most of the claims in one of its key patents, bringing a re-examination process that began in January closer to completion.

"Judge (John) Ward's ruling resolves ambiguity regarding the patent in ways that WiLAN considers very favorable," the company said in a statement.

WiLAN said the PTO also allowed over 100 new claims in the 759 patent, covers communication prwhich otocols key to wireless transmissions.

The patent does not expire till August 2021.

Broadcom and Intel requested a re-examination of the patent after a Markman ruling last year in cases related to the patent was given in WiLAN's favor.

Shares of the Ottawa, Ontario-based company were down 3.5 percent at C$6.52 in mid-day trade on Thursday on the Toronto Stock Exchange

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