Pioneer Investments Declares Monthly Distributions for Closed-End Funds

Pioneer Investments Declares Monthly Distributions for Closed-End Funds

BOSTON--(BUSINESS WIRE)-- Pioneer Investments today announced the declaration of dividends for five closed-end funds for February 2013. The closing market price, annualized market price distribution rate, NAV, and NAV distribution rate are based on data as of February 4, 2013.

Ex Date:

       

February 13, 2013

           

Record Date:

February 15, 2013

Payable Date:

February 28, 2013

 
Fund Distribution

Market
Price

Market Price
Distribution
Rate

NAV

NAV
Distribution
Rate

Taxable

Pioneer Diversified High Income Trust (NYSE Amex:HNW) $0.1600 $21.18 9.07% $20.49 9.37%
Pioneer Floating Rate Trust (NYSE: PHD  ) $0.0750 $13.96 6.45% $13.27 6.78%
Pioneer High Income Trust (NYSE: PHT  ) $0.1375 $16.73 9.86% $14.13 11.68%
 

Tax-Exempt

Pioneer Municipal High Income Advantage Trust (NYSE: MAV  ) $0.0950 $16.07 7.09% $13.76 8.29%
Pioneer Municipal High Income Trust (NYSE: MHI  ) $0.0950 $16.50 6.91% $14.81 7.70%
 

Taxable-Equivalent
Distribution Rate
at Market Price

Taxable-Equivalent
Distribution Rate
at NAV

Pioneer Municipal High Income Advantage Trust (NYSE: MAV  )

12.53%

 

 

14.65%

Pioneer Municipal High Income Trust (NYSE: MHI  ) 12.21%

 

 

13.60%

 

Taxable-Equivalent Distribution Rate is computed using an effective tax rate of 43.4%, which includes the maximum federal tax rate of 39.6% and the net investment income tax rate of 3.8%.

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 MKT. 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.

© 2013 Pioneer Investment Management, Inc.
Member of the UniCredit Banking Group,
Register of Banking Groups



Pioneer Investments
Shareholder Inquiries:
Please contact your financial advisor or visit us.pioneerinvestments.com.
or
Broker/Advisor Inquiries:
800-622-9876
or
Media Inquiries:
Geoff Smith, 617-422-4727

KEYWORDS:   United States  North America  Massachusetts

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