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 bugoffon Dec 08, 2012 7:09pm

161 Views

Post# 20703507

RE: RE: RE: RE: RE: Poynt Vs Int Ace Final Annouce

Geezus, you still don't get it... if INT wins, they get (what ever portion of the company) free... they already paid $1.5 million+ t be wrapped up in this mess. Id AO wins he has to have money to be able to pay off the secured creditors, plus enough to pay off the courts, etc. and still have even more to run the new company.

Do you really think that he can come up with excess of $10 million dollars (at the least); and do you seriously think that after raising this cash that he is going to drag any of the old PYN investors along with him?

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