Pioneer Investments Declares Monthly Distributions for Closed-End Funds
04 June 2011 - 4:22AM
Business Wire
Pioneer Investments today announced the declaration of dividends
for five closed-end funds for June 2011. The closing market price,
annualized market price distribution rate, NAV, and NAV
distribution rate are based on data as of June 2, 2011.
Ex Date: June 13, 2011Record Date: June 15,
2011Payable Date: June 30, 2011
Fund Distribution
MarketPrice
Market
PriceDistributionRate
NAV
NAVDistributionRate
Taxable
Pioneer High Income Trust (NYSE:PHT) $0.1375 $17.24 9.57% $14.35
11.50%
Pioneer Floating Rate Trust (NYSE:PHD)
(a)
$0.0800 $14.22 6.75% $13.38 7.17%
Pioneer Diversified High Income Trust
(NYSE Amex:HNW) (b)
$0.1600 $22.06 8.70% $20.82 9.22%
Tax-Exempt
Pioneer Municipal High Income Trust (NYSE: MHI) $0.0950 $13.96
8.17% $13.40 8.51% Pioneer Municipal High Income Advantage Trust
(NYSE: MAV) $0.0950 $13.50 8.44% $12.16 9.38%
Taxable-EquivalentDistribution
Rateat Market Price
Taxable-EquivalentDistribution
Rateat NAV
Pioneer Municipal High Income Trust (NYSE: MHI)Pioneer Municipal
High Income Advantage Trust (NYSE: MAV) 12.57%12.98% 13.09%14.43%
Taxable-Equivalent Distribution Rate is computed using the
maximum federal tax rate.
Notes
(a) The June distribution per share for PHD
represents a $ 0.0025 increase over the previously monthly
distribution, reflecting improved conditions in the floating rate
securities market.
(b) HNW currently has a level distribution
policy, which is intended to provide investors with a relatively
stable monthly distribution. The level distribution policy is
subject to regular review by the Board of Trustees to determine
whether it continues to be in the best interests of the fund and
its shareholders. There can be no assurance that this policy will
be maintained in the future or maintained at its current level.
Investors should not necessarily draw any conclusions about the
fund's investment performance from the amount of this distribution
or from the terms of the fund's level distribution policy.
At this time, HNW believes that a portion of
its fiscal year-to-date cumulative 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." 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. Four of these
funds trade on the New York Stock Exchange (NYSE) under the
following symbols: MHI, MAV, PHT, 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.
© 2011 Pioneer Investment Management, Inc.Member of the
UniCredit Banking Group,Register of Banking Groups
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