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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 airgoddafion Jun 06, 2012 9:20pm
303 Views
Post# 19987649

really?

really?

this might be bottom like kabul dude says but whats the upside really? with 10 penny warrants stuffed down the throats of shareholders, upside now is so limited they might as well rename the company... to poynt limited.

 

i mean if all goes well and thy actually start to make money off these users, then at 10 pennies, you gonna get diluted by another 20%.............

 

thats a lot of warrants out there... man there are so many warrants i cant keep keep track of them all... a serious investor should at least investigate this.

 

oh well just another day another dolla anotter point of view.....

 

dont worry be happy man

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