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 29, 2012 10:58am

123 Views

Post# 20273996

RE: I might be way off here

Good point tdotboy.

I would love that as other players would immediately get interested and a reasonable buyout price may be in the cards. All we need is someone to make an offer and for a bidding war to commence.

I say, "let the games begin" or as Andrew would say, "start your engines".

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