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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

Post by jaclameron Aug 29, 2012 11:20pm
313 Views
Post# 20277620

Suite on Poynt at Sedar

Suite on Poynt at Sedar

Reader Advisory:

The press release may contain certain forward looking statements which may include

plans, expectations, forecasts, projections, guidance or other statements that are not statements of fact,

including, without limitation, meeting the terms, conditions and approval requirements under its creditor

protection; the ability to obtain DIP financing; the ability to close the DIP financing within the extension

granted by the Court; Poynt Corp.’s ability to continue operations while under creditor protection; and the

Company's focus on improving operational efficiencies and cost reductions. Although Poynt Corp. believes

that the expectations reflected in such forward looking statements are reasonable, it cannot give any

assurance that such expectations will prove to be correct. The completion of the DIP financing is subject to

a number of conditions and Poynt Corp. cannot give any assurance that such conditions will be met on a

timely basis, or at all, as certain of the conditions are in the control of other parties. As such, the future plans

and objectives of Poynt Corp. are forward looking statements that involve risks and uncertainties that may

be based on assumptions that could cause actual results to differ materially from those anticipated or

implied in such statements.

Material risk factors that could cause actual results to differ materially from the forward-looking information

include, but are not limited to: risk that the Company will be unable to meet the terms of the DIP financing;

risk that the Company will be unable to meet the terms, conditions and approval requirements under its

creditor protection; inability of Poynt Corp. to fund its obligations; the deteriorating economic and market

conditions that could lead to reduced spending on information technology products; competition in the

Company’s target markets; potential capital needs; management of future growth and expansion; the

development, implementation and execution of the Company’s strategic visions; risk of third-party claims

of infringement; protection of proprietary information; customer acceptance of the Company’s existing

and newly introduced products; the success of brand development efforts; risks associated with strategic

alliances; failure of counterparties to perform on contracts; failure to successfully negotiate contracts;

failure to successfully negotiate a strategic opportunity; need to develop new and enhanced products;

potential product defects; ability to hire and retain qualified employees and key management personnel;

risks associated with changes in domestic and international market conditions and the entry into and

development of new markets for the Company’s products; and the risks described under "risk factors" in the

Company’s Annual Information Form for the year ended December 31, 2010 which is available on Poynt

Corp.’s SEDAR profile (www.sedar.com).

Although Poynt Corp. has attempted to identify important factors that could cause actual actions, events

or results to differ materially from those described in the forward looking statements, there may be other

factors that cause actions, events or results to differ from those anticipated, estimated or intended. In

making the forward looking statements in this press release, Poynt Corp. made, among others, the following

assumptions: that Poynt Corp. will be able to formulate a suitable creditor proposal in the timelines required

under its creditor protection filing; that Poynt Corp. will be able to complete a DIP financing under the

timelines required by the Court; conditions in general economic and financial markets; the ability to obtain

all necessary regulatory approvals; and the ability to obtain financing on acceptable terms, including

Poynt Corp.'s ability to finance its future commitments.

Poynt Corp.'s forward-looking statements are expressly qualified in their entirety by this cautionary

statement. Unless otherwise required by applicable securities laws, Poynt Corp. does not intend, nor does it

undertake any obligation, to update or review any forward looking statements to reflect subsequent

information, events, results or circumstances or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of

Research In Motion Limited. Apple App Store and iPhone are trademarks of Apple Inc., registered in the U.S. and other

countries. Windows is a registered trademark of Microsoft Corporation in the United States and other countries. Android is

a registered trademark of Google Inc. Nokia is a registered trademark of Nokia Corporation.

###

For Further Information:

For Poynt Corp.:

Andrew Osis, CEO

Tel 403-313-3719

www.poynt.com

North American Public Relations Contact:

Global Results PR for Poynt Corporation

Valerie Christopherson / Asif Husain

Tel. 949-608-0276

poynt@globalresultspr.

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