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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Comment by eisenkreuzon Nov 23, 2011 9:01am

723 Views

Post# 19260645

RE: RE: RE: .20 Soon

Hi dark:

I understand the point that you make. We have actually had very good NR's over the past few months and they have gone unnoticed by the market. The fact remains (and let me know if you agree) that Poynt is an excellent speculative investment especially at this time. We have the ever expanding Euro crisis, China's economy is slowing down (bad news for the resource sector) and running to the bond market at this time is extremely risky.

The launch of timesPoynt in India together with reaching 11M unique users (growing at a rate of 30K users per day) gives a solid perspective to this play.

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