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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

Comment by All-in-Oneon Jul 15, 2012 1:06pm
190 Views
Post# 20115083

RE: RE: RE: RE: RE: Lows and highs

RE: RE: RE: RE: RE: Lows and highs

You do not understand or know how to read the releases " Poynt is not Bankrupt"

You should also really read the July 6th press release. Here's an exerpt: "By filing the notice Poynt is now in a position to address its obligations to its secured and unsecured creditors in an orderly and efficient manner. The filing provides an initial 30-day period for Poynt to develop a proposal to be sent to creditors for review and approval, during which period the existing claims of creditors are stayed. Poynt's continuing operations and business will continue in the normal course during the proposal process. Poynt's board of directors and management team are evaluating several opportunities for strategic investment or possible business combinations as part of developing the proposal, with the focus of the proposal being to satisfactorily address all creditor obligations and to maximize shareholder value."    

 

Further More :

Poynt provides contextual and relevant advertising to users performing local queries and its revenue model is based on user queries, page views, advertising and transactions within the platform. Each user query generates several page views, which are monetized through display advertising and sponsored listings paid for by advertisers. These advertising placements generate revenues on a cost per thousand impressions (CPM) basis or on a cost per click (CPC) basis. Transactions, such as ticket sales and restaurant reservations, also contribute to revenues on a fee for service basis.

 

 

What is your agenda here ?

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