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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

Comment by bugoffon Nov 02, 2012 1:59am
180 Views
Post# 20553517

RE: Math 101...

RE: Math 101...

Cartguy, market cap has NOTHING to do with the value of the company... however, the value the company puts on their assets often times has nothing to do with the company's value either...

Sometimes a company will give itself a ridiculous value based on "goodwill", which almost always is valueless when in dissolution...

You have to forgive me, I can't recall if there is a way to have cease traded stocks "deemed sold" for tax purposes... I have been meaning to phone Revenue Canada about this as I have been holding a stock on my books, in the faint hope that it will recover... but after all this time, I'm now certain that it is a total loss. The reason that I bring it up is to bring this to the attention of those of you who have never been in this situation before... had I have known about it 10 years ago, I wouldn't be holding the "faint hope" I mentioned above...

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