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 JDTradeon Jul 10, 2012 8:41am

366 Views

Post# 20097353

CYL Injection

Any thoughts on the CYL potentially investing some money into Poynt, with the hopes of scraping back there investment by an adjustment of the joint venture? It seems to me that there is some obvious mutual benefit in the success of Poynt. If the Company goes under, where would that leave the CYL investment in Poynt? I think this could be one of the wild cards that AO is planning to play. If we are looking at 20-50 million new China users between now and the end of the year, on a subscription based service, the claw back for the CYL should not be difficult.

JD

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