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 electrowingon Apr 18, 2012 9:44pm

430 Views

Post# 19810524

RE: how could they list

They could do an IPO if they had a MM to underwrite it. After the IPO, you're right, Poynt would have to maintain a BID price of at least $1 to comply with NASDAQ listing requirements. I doubt if they could find an underwriter at this stage however. The other option for getting listed would be reverse takeover, but that's ususlly expensive.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?