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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 All-in-Oneon Jul 16, 2012 8:37am
264 Views
Post# 20116223

Two many have Two much at Stake Here

Two many have Two much at Stake Here

Terren Peizer / Big Poynt investor / "Zelig of Wall Street" Peizer’s Socius Capital Group invested

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Terren S. Peizer, chronicled by the LA Times as a financial prodigy[1],and often called the "Zelig of Wall Street"[2] is currently the Chairman of a Los Angeles-based investment company, Socius Capital Group (SCG). Since its inception in June 2009 to December 2011, SCG has provided companies with capital commitments and funding in excess of $500 million. Recently, Peizer’s Socius Capital Group invested $15 million into Poynt Corporation (PYN:TSE) a global leader in the mobile location based advertisement and commerce space. After Peizer's investment, he then orchestrated a Poynt Corporation Joint Venture (JV) with The People's Republic of China'sCommunist Youth League . China Youth League ("CYL") is a youth movement of The People's Republic of China that plays a vital role in the development of China.

CYL has over 83 million young members between the ages of 14 and 28, the majority of which are typically well-educated and influential. The JV will provide a location based search, advertising, and commerce platform to China's 230 million smartphone users. The platform will include additional functionality, such as local news, video messaging, gaming, e-books, and online novels, social networking services, and e-wallet solutions[3]. Most recently, Peizer's Socius entity completed a $40 million investment in Xcite Energy Ltd. (XEL: LSE) at GBP.95. Within a week of Xcite's public announcement of Peizer's investment , the company's equity traded as high as GBP 1.88, providing an immediate windfall to Xcite's Shareholders, and those investors who piggy-backed on Peizer's investment. Peizer's Socius and affiliates have agreed to invest an additional $90 million in Xcite Energy Ltd. in the coming year[4]

Raised in Beachwood, Ohio, a suburb of Cleveland, Peizer has assisted companies by assembling management teams, Boards of Directors and Scientific Advisory Boards, formulating business and financial strategies, and investor relations; all towards the purpose of creating shareholder value. Mr. Peizer has a background in venture capital, investing, Mergers and Acquisitions, corporate finance, and previously held senior executive positions with the top investment banking firms Goldman Sachs, First Boston and Drexel Burnham Lambert. Mr. Peizer received his B.S.E. in Finance from The Wharton Business School of the University of Pennsylvania.

Mr. Peizer has been called "One of Wall Street’s top players"[5] and has frequently noted the importance of his Midwestern family values in various interviews. Peizer has exhibited a humble and modest lifestyle consistent with his Midwestern upbringing.[6]

https://en.wikipedia.org/wiki/Terren_Peizer

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