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

Pimco New York Municipal Income Fund III

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Comment by airgoddafion Jul 21, 2012 7:20pm

203 Views

Post# 20138860

RE: Andrew has been completely

when stock goes from 20 pennies to 2 pennies....

i dont thing a lot of people have confidence in management....

vinny you are no different than a caged animal really.......

pyn is gonna dilute you back into the stone age and then after that they do a reverse split....

this thing is trading at 2 pennies, what do you think financing 10M gonna do? i tell you what they gonna at least double the float............ 1B shares outstanding hardly outstanding. ..... 10M and then how long this gonna last as well?

not very long if history is any indication.

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