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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

Comment by JDTradeon Jan 12, 2012 2:47pm
234 Views
Post# 19397629

RE: RE: User Base Estimates

RE: RE: User Base Estimates

14 million still seems very conservative to me, as the math appears to be based on pre-preload agreements with Samsung and Nokia.  Methinks that the next user number might suprise a few people and be much higher  than a consistent rise would have gotten us to.  Again, we have been moving through an apex, and I think that there is exponential growth as opposed to consistent growth.

 

I'm not saying this will be true, but if even half of the expected 40% retention rate on the 50 million Samsungs held true, we are adding 10 million to what the consistent growth would have given us.

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