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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 Meekyon Sep 25, 2012 2:12pm
380 Views
Post# 20412305

Andrew's got this figured out!

Andrew's got this figured out!

I don't think we are going to see another Private Placement, because Andrew is going to extend each extension, until Poynt is cash flow positive from China and advertisements.  Andrew is playing this perfectly without diluting the stock any further.  Like Uprofit said; Andrew is the come back kid!  I am just thankful that I never sold any of my shares and listened to what Andrew said that in October, Poynt would be better than it has ever been.

Meeky

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