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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

Post by frenchy08on Dec 29, 2012 1:34pm
307 Views
Post# 20780588

My portfolio....

My portfolio....

still shows PYN as an investment,and won't be able to show a sale or bankruptcy untill it's been officially declared.So how can anybody say that this account is dead,because you can't use it as a loss for 2012 as it is still alive.As per my accountant,a loss must occure in the taxation year,which will mean not till 2013??? 

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