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 steve700on Nov 26, 2011 12:37am

309 Views

Post# 19269328

RE: RE: New Investors welcome! Start your DD here

Clint007, if it wasn't for day traders our markets would have no liquidity to them. Am I wrong on this?
But I see what you are getting at. It's the games the larger institutions play that can really suppress a good run on share price.
It's nice to see them caught off guard a bit though.

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