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

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Comment by hesuveron Aug 28, 2012 7:48am

279 Views

Post# 20267738

RE: Extension: a positive sign?

Cabbie I prefer your perspective.

I invested in Poynt because of its potential. I don't want Mark Cuban or even Michael Lee Chin to reap unfairly what I have sown. I would be darn angry to get 0.12$ per unit. I purchased because of the potential to reach 1$. I don't want a carpetbagger to take out my position.

Nevertheless, Poynt will be taken out eventually even with DIP financing. If DIP financing becomes available I want it to give Poynt enough time to capitalize on an announced China launch and we are long due for an NR on patent enforcement.

No carpetbaggers for me as I will not vote for a takeover

The real value of Poynt is contained in:

Their patents (being enforced by Glados IP
China (that is subscription based) with an agreed minimum of 20MM users at 2$ per annum
Repayment of 7$MM loan to Poynt Asia (Poynt HK)
India is growing daily and there is no update as yet
Mobile coupons
etc etc etc