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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 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

Post by billwhiteon Sep 21, 2012 9:53pm
345 Views
Post# 20398598

Quiet at days end

Quiet at days end

Interesting that less than 180000 shares traded in the last hour of trading. As well, heavy volumes drove the price up to the 4.5 cent day high, followed by low volumes except for a  few profit takers at 4 cents.  Low volumes from1 o'clock on.  Seems, an interest for a position.  If there is to be financing, I'm sure that brokers involved in the deal would not want the price beyond 5 cents, perhaps, hence the pull back near 5 cents. Now, hopefully Andrew and China can be forthcoming with positive news and as early as Monday.

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