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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 14, 2012 10:49am
211 Views
Post# 19667894

RE: RE: RE: RE: Bigs and Dubbs any thoughts on tod

RE: RE: RE: RE: Bigs and Dubbs any thoughts on tod

After more thought there are 3 portions to the Asian JV on the Western side: Poynt Corp, Socius Capital and then the arms length party. I am thinking the arms length parties portion was set aside to raise capital and is being shopped around Asia where I am sure somebody will see the incredible potential to this Social Media, Mobile Commerce and Location Based Search/Marketing Platform especially considerin the partnerships in place. Socius and Poynt are pretty bright and I believe they have everything lined up, it all takes time.

 

 

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Disclaimer: A lot of what I have written is not only forward looking but of my possibly biased opinion, as always due diligence your self and act accordingly, stocks can and do drop in value. Facts and figures should be confirmed if important to you.

 

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