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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 on 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

Post by Meekyon Jun 05, 2012 4:26pm
395 Views
Post# 19982777

dubbs - Feedback Please!

dubbs - Feedback Please!

I am going to ride this out until the China Launch; not that I have any choice, since I lost well over half my position.  I hope this wasn't what dubbs was talking about when he said, "I can't wait until June", because this is a real kick in the face.  I don't want to disrespect Andrew as CEO, but his over planning and under achieving is really a great big disappointment!  At this point, I'd be happy with any sort of buyout over 13 cents, just to get out of this mess.  Unbelievable at best!  As a banker, Andrew shouldn't have the right to spend money like there's no tomorrow, it just ridiculous!  Who in there right mind does a private placement below the current stock price - Andrew sold his shareholder out and everyone should have a right to be ticked.

Meeky 

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