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

Pimco New York Municipal Income Fund III

Bullboard Posts

Comment by bugoffon Dec 05, 2012 12:11pm

124 Views

Post# 20687078

RE: bugoff

The onus is on us "the investors" to know what we are buying into. There is no substitute for DD and once we have bought into any stock, simply sitting on a BB with all your blind buddies, calling every naysayer (or doubter) a basher, etc. is a sure recipe for disaster.

There is no substitute for experience, and personally I never even got to the point of sitting at the CEO's feet listening to his gospel because when I opened the web page I immediately got the same smell as a New Delhi trash heap.

I'm convinced any judge would go back and look over the financials along with the MD&A and say that there are no grounds for a suit.

But go ahead and get a lawyer... it isn't my money you're spending.

Bullboard Posts

Changing Europe’s dependency on HREE from China