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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 bigpocketsincon Mar 13, 2012 10:08am
363 Views
Post# 19661758

RE: RE: RE: RE: realistically-Fuzzie

RE: RE: RE: RE: realistically-Fuzzie

Could be but the old " I am long and the sky is falling " if not the classic passive bash sure doesn't add much to the conversation does it ?

Looks to me like the usual financing guys might be trying to hold this back to keep Poynt in their clutches, Poynt is breaking free from that cycle with Socius IMO. Socius is permanently partnered now through the Asian JV. Just need a little pop and she could break free.Yelp is up today and has been the past few days.The conference could have a profound effect, is a huge step in the right direction and should have a lasting effect as the story get's discovered.

Poynt really has a lot going if you take a good look.

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