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.

NYSE:PYN - Post by User

Pimco New York Municipal Income Fund III

Bullboard Posts

Post by myster_investoron Aug 29, 2012 2:50pm

318 Views

Post# 20275626

Very Canwest/Shaw-like Circumstances

Like said said before shareholders can practically wiped-out like Canwest shareholders were when Shaw got their assets in bankruptcy court. Luckily, I only lost a couple hundred bucks on that one. This keeps me from wanting Poynt shares when the situation is very simular. Be careful ;)

Bullboard Posts

dynaCERT leans into global growth with new HydraGEN orders