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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

Post by pointofreturnon Feb 14, 2012 6:44am
441 Views
Post# 19529773

CANACCORD GIVING AWAY CHEAP

CANACCORD GIVING AWAY CHEAP

Paper yesterday, Canaccord sold over 1.2 million giving their share to lucky people as Poynt is way undervalued at .14/.145 . They kept the share price down, did they think Po0ynt was doing a financing or do they just want to keep the price down? why would they sell on such phenomenal news ?

Will Canaccord want their shares back and be paying more for them today ? now there is no financing.

Will over house want their shares back too after the conference call last ?

The China deal makes Poynt undervalued and will more revenue on a ongoing basis and my understanding this is just the beginning here for Poynt.

The share price will be correcting today ...up, if you bought yesterday thank Canaccord the losers

The above is just my opinion, govern yourself accordingly.
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