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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 Herviovon Nov 07, 2012 12:54pm
218 Views
Post# 20572493

RE: RE: My BID $1.00- will be submitted to the cou

RE: RE: My BID $1.00- will be submitted to the cou

Predicting how much the trustee will get out of the liquididation is speculation whether you conclude 50 millions or a handful of change as you do. In the end, I believe more people have an interest into selling this high than peoples who genuinely have an interest in selling low. Unless the trustee is literally bought, something that is possible but if true, noone of us are privy of this, we have some chance that some analysts out there thinks that PYN's assets are worth something around their book value.

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