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 JDTradeon Oct 05, 2012 10:19am

137 Views

Post# 20452247

RE: RE: Vinny, Thian, others

Big,

Is it safe to say that there is a high probability that the numerous extensions on the DIP financing may be due to the expectation that all due diligences are completed by Poynt Asia, and that the repayment of the 5M loan to Poynt is still forthcoming ... short term?

JD

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