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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

Comment by steve700on Dec 09, 2011 9:15pm
393 Views
Post# 19309282

RE: Accumulation

RE: AccumulationI fully agree with you.  There is a reasone why this is being held back.  Like Andrew said, this months will be busy.
There is going to be big news on its way.  
This is going to pop, just look at the trading games going on here.  With the float this large,  we are going to see big trading happening here.  
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