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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 May 09, 2012 10:52pm
237 Views
Post# 19892749

RE: RE: RE: RE: Hmmm, maybe?

RE: RE: RE: RE: Hmmm, maybe?

Vinny, do some research on ADR's the entire purpose is so they can trade independantly, they do of course track each other as investors are always doing the math. An ADR is a pool of shares purchased from the originating security in Poynt's case it would be PYN shares on the V. The purchaser then repackages the securities in what ever size is determined optimal by the Company it can be anything from 1:1 or 10:1 or the other 1:10 or any other number.

The whole purpose of listing NASDAQ is to try to get more exposure and the peer value that is currently in a very apparent disconnect for Poynt. Here is a very good description in plain terms what an ADR is :

https://community.nasdaq.com/News/2012-04/what-is-an-adr-anyway.aspx?storyid=137358&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+nasdaq%2Fauthors+%28Articles+by+Author%29

ADR's are very commonly used by most every foreign entity listed else where that is also listed on a senior exchange in the USA, the very benefit is to alow the new " packaged "security to trade independantly which in this case is very important due to the Canadian geography, it will in theory lift PYN on the V along with it. Nokia is ADR, Samsung ADR, LG ADR, BP ADR and on and on.

I could be wrong of course but looking at it an ADR is the most popular and in this case the least impactful way to list on the NASDAQ for Poynt and is also the best way to get away from manipulation not create more.

- My thoughts on Poynt https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30997899&l=0&r=0&s=PYN&t=LIST

- Poynt's USA mobile search ownership along with Google, Yelp etc https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30949637&l=0&r=0&s=PYN&t=LIST

- China JV https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=PYN&t=LIST&m=30953796&l=0&pd=0&r=0

-Two links with analysis and targets to review herehttps://www.frasermackenzie.com/newresearch/POYNT/

- Opening report 1.15 target Poynt Corp. - Don't Worry?? Be Appy!

- Supplement to report 1.15 target 12-01-11 Don't worry Be appy Samsung

- Second supplement to report 1.15 target 12-15-11 https://www.byroncapitalmarkets.com/wp-content/uploads/2011/12/Poynt-Corp-Note-12-15-11.pdf

https://www.poynt.com/investors/presentations/

https://www.poynt.com/investors/news-releases/

https://www.poynt.com/wp-content/files/Poynt-AdKit.pdf

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Juniper Research Report on Global Mobile Commerce promiently contains Poynt see link : https://www.juniperresearch.com/reports/mobile_commerce_markets

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