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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Post by hesuveron Jun 05, 2012 1:37pm

337 Views

Post# 19981876

I may be wrong

But it appears that Andrew Osis really do not care about his constituents (the shareholders).

The move this morning was calculated and callous

Andrew should take a salary cut to reduce the burn rate and to say sorry for his lack of competence in certain disciplines. For example his shortcomings in finance, marketing and technology

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