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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

Pimco New York Municipal Income Fund III
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Comment by zoltar143on Dec 11, 2012 8:25am
155 Views
Post# 20711633

RE: RE: Seriously - CONFLICT OF INTEREST

RE: RE: Seriously - CONFLICT OF INTEREST

Dear Kevin:

 

Poynt's situation happened only because AO took a short-term loan from INT and secured, listen to this madness, a 3mt loan at 8%, against company assets.  That is why Poynt is in this position

 

Who is to blame for making that decision?

 

 

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