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.

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Pimco New York Municipal Income Fund III

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Comment by bigpocketsincon Mar 11, 2012 3:19pm

185 Views

Post# 19655414

RE: RE: RE: RE: RE: RE: CHURN AND TURN & burn

fulzy I did agree with you in part and now do even more with your clarification.

Seems you are not appreciating my point very well though. I was not stating that flipping and shorting was illegal what I was saying is that if such is done on a large enough scale it does indeed have an extreme affect on the overall growth profile in the short term of a companies market capacity, the cycle needs to be broken, it manipulates the trading pattern so much it can profoundly hold back growth. I agree this alone is not illegal but collusion sure is.

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Please vote for Poynt https://www.cantechletter.com/2012/02/tech-revival-meet-the-high-volume-tech-stocks-of-the-tsx-venture-exchange/

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