Pioneer Investments Declares Monthly Distributions for Closed-End Funds
05 January 2010 - 7:38AM
Business Wire
Pioneer Investments today announced the
declaration of dividends for four closed-end funds for January
2010. The closing market price, annualized market price
distribution rate, NAV, and NAV distribution rate are based on data
as of December 31, 2009.
Ex Date: January 14, 2010 Record Date: January 19, 2010
Payable Date: January 29, 2010
Fund
Distribution
MarketPrice
Market PriceDistributionRate
NAV
NAVDistributionRate
Taxable
Pioneer Floating Rate Trust (NYSE:PHD) $0.0750 $11.52 7.81%
$11.70 7.69% Pioneer Diversified High Income Trust (NYSE Amex:HNW)
(a) $0.1600 $17.74 10.82% $19.02 10.09%
Tax-Exempt
Pioneer Municipal High Income Trust (NYSE: MHI) $0.0850 $13.79
7.40% $13.45 7.58% Pioneer Municipal High Income Advantage Trust
(NYSE: MAV) $0.0850 $12.67 8.05% $11.97 8.52%
Taxable-EquivalantDistribution Rateat Market
Price
Taxable-Equivalent
Distribution Rate at NAV
Pioneer Municipal High Income Trust (NYSE: MHI) 11.38% 11.66%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) 12.38%
13.11%
Taxable-Equivalent Distribution Rate is computed using the
maximum federal tax rate.
(a) At this time HNW believes that a
portion of its distributions may include a return of capital in
addition to net investment income and long-term capital gains. A
return of capital is not a distribution of income or capital gains
from the fund, does not necessarily reflect the fund's investment
performance, and should not be considered "yield" or "income."
Further information on the composition of the distribution will be
made available on the payment date and will be available at
pioneerinvestments.com. The final determination of tax
characteristics of the fund’s distributions will occur after the
end of the year, at which time it will be reported to
shareholders.
The funds are closed-end investment companies. Three of these
funds trade on the New York Stock Exchange (NYSE) under the
following symbols: MHI, MAV, and PHD. HNW trades on the NYSE Amex.
Pioneer Investment Management, Inc. is each fund’s investment
adviser.
Keep in mind, dividends are not guaranteed. Closed-end funds,
unlike open-end funds, are not continuously offered. There is a
one-time public offering and once issued, common shares of
closed-end funds are bought and sold in the open market through a
stock exchange and frequently trade at prices lower than their net
asset value. Net Asset Value (NAV) is total assets less total
liabilities divided by the number of common shares outstanding. For
performance data on Pioneer's closed-end funds, please call
800-225-6292 or visit our closed-end pricing page.
© 2010 Pioneer Investment Management, Inc.Member of the
UniCredit Banking Group, Register of Banking Groups
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