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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

Post by northerngirlon Jun 06, 2012 11:09pm
379 Views
Post# 19987936

financing

financing

seems to me they keep robbing peter to pay paul..get financing to pay loan that's due...more than once now.seems to me..i don't care for this much after this length of time .and i think they have a lot of high salaries and options going out.....for what they have and what they're doing. time to trim off the top..and cut costs for sure.....i think they're just waiting for a takeover...but i don't think that will happen..they need to find a "niche" in this industry...i am very disappointed in this stock...if i get even close to a break-even point...poynt will be gone from my portfolio.

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