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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 Oct 28, 2012 8:39pm
554 Views
Post# 20533179

Spoke with AO

Spoke with AO

If you want the truth speak to the source; I spoke with AO on Friday about my concerns with the last news release.  I asked him straight out if we would have the money by Wednesday; he told me that he hasn't failed on getting money for the last few dip financings and he doesn't expect to fail on this one; apparently, the i`s need to be dotted and the t`s need to be crossed on the contract.  As for China, he said we are still a little ways off from depending on them for a source of income.  Please do yourselves a favor and call AO yourselves, instead of listening to these pumpers and bashers.

Meeky

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