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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 pkpotentialon Mar 15, 2012 3:28pm
207 Views
Post# 19676327

RE: PK

RE: PK

No, not the rise of Samsung. Apple will stay on top for a little while but don't think I'm an idiot because I bought Apple at $95 in 2009 and made a lot of money. As for Poynt, I don't think they offer anything major that their competitors don't, and as for a penny stock play the 500 million shares is a big concern. 

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