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

Pimco New York Municipal Income Fund III

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Comment by stuckinonowayon Feb 03, 2012 3:57pm

474 Views

Post# 19488044

RE: RE: ROB MC WHIRTER ON BNN !

basically that he doesn't own it,someone else covers it,burn rate is astronomical,won't make money for a year at least,but with the craziness of tech valuations then pyn is steal compared to yelp.

risky business but maybe good for a quick romp.

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