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

Bullboard Posts

Post by 4everyoungon Aug 17, 2012 2:19pm

270 Views

Post# 20230465

Extension after extension...

What does that mean?

IMO Either a negotiation for a large deal can't be closed (mngt can't agree on something).

or

nothing is happening and mngt is thowing everything away (to creditors) hoping someone will buy it instead of creditors taking it (or a at a deep discount).

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