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.

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Pimco New York Municipal Income Fund III

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Comment by wisewunon Jul 12, 2012 10:38pm

249 Views

Post# 20109465

RE: RE: RE: RE: RE: RE: Summer Times Blues

You are such a meatball....the only reason why Poynt was doing well was because of its software engineers, product mgrs, etc. This was a major screw up by Andrew Osis and Senior Mgmt and Board for letting this company negotiate a 'death' deal with Intertainment.

This is a good day trade and the sharks are out for the leftovers. INT will get all the IP and future revenues for dirt cheap. Good for INT shareholders...bad for most PYN shareholders. Yet another Canadian screw up story.

Only a matter of time before the cash crunch hits RIM and same story will happen...

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