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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 BASHERS_R_SHORTERSon Feb 08, 2012 9:10am
321 Views
Post# 19503962

RE: Lucatch on the Board of PYN.. Coincidence ?

RE: Lucatch on the Board of PYN.. Coincidence ?

Just to ad some clarity, first DL doesn't own INT.V it's a publcly traded company.

Second the NR talks of a JV between SYN and INT to form a subsidiary. Third INT is proposing to provide some funding to SYN in exchange for shares and warrants, like a closed door PP. INT is not outright buying SYN just participating in a PP.

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