Pioneer Investments Declares Monthly Distributions for Closed-End Funds
03 September 2010 - 8:43PM
Business Wire
Pioneer Investments today announced the declaration of dividends
for five closed-end funds for September 2010. The closing market
price, annualized market price distribution rate, NAV, and NAV
distribution rate are based on data as of September 2, 2010.
Ex Date:
September 13, 2010 Record Date: September 15, 2010
Payable Date: September 30, 2010
Fund Distribution
MarketPrice
Market
PriceDistributionRate
NAV
NAVDistributionRate
Taxable
Pioneer High Income Trust (NYSE:
PHT)
$0.1375 $15.81 10.44 % $13.22 12.48 % Pioneer Floating Rate Trust
(NYSE:PHD) $0.0725 $12.04 7.23 % $11.94 7.29 % Pioneer Diversified
High Income Trust (NYSE Amex:HNW) (a) $0.1600 $20.49 9.37 % $19.68
9.76 %
Tax-Exempt
Pioneer Municipal High Income Trust (NYSE: MHI) $0.0900 $15.20 7.11
% $14.44 7.48 % Pioneer Municipal High Income Advantage Trust
(NYSE: MAV) $0.0900 $14.28 7.56 % $13.04 8.28 %
Taxable-EquivalentDistribution Rateat Market
Price
Taxable-EquivalentDistribution Rateat NAV
Pioneer Municipal High Income Trust (NYSE: MHI) 10.94 %
11.51
%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) 11.63 %
12.74
%
Taxable-Equivalent Distribution Rate is computed using the
maximum federal tax rate.
Notes
(a) 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 the September distribution and 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.
© 2010 Pioneer Investment Management, Inc.Member of the
UniCredit Banking Group,Register of Banking Groups
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