Pioneer Investments Declares Monthly Distributions for Closed-End Funds
04 November 2011 - 6:11PM
Business Wire
Pioneer Investments today announced the declaration of dividends
for five closed-end funds for November 2011. The closing market
price, annualized market price distribution rate, NAV, and NAV
distribution rate are based on data as of November 3, 2011.
Ex Date: November 11, 2011
Record Date: November 15, 2011 Payable Date: November 30, 2011
Fund Distribution
Market Price Market Price Distribution
Rate NAV NAV Distribution
Rate
Taxable
Pioneer High Income Trust (NYSE:PHT) $0.1375 $17.08 9.66% $13.00
12.69% Pioneer Floating Rate Trust (NYSE:PHD) $0.0850 $12.59 8.10%
$12.52 8.15% Pioneer Diversified High Income Trust (NYSE Amex:HNW)
$0.1600 $19.61 9.79% $19.21 9.99%
Tax-Exempt
Pioneer Municipal High Income Trust (NYSE: MHI) $0.0950 $14.18
8.04% $13.76 8.28% Pioneer Municipal High Income Advantage Trust
(NYSE: MAV) $0.0950 $13.69 8.33% $12.55 9.08%
Taxable-Equivalent Distribution Rate at Market Price
Taxable-Equivalent Distribution Rate at NAV Pioneer
Municipal High Income Trust (NYSE: MHI) 12.37% 12.74% Pioneer
Municipal High Income Advantage Trust (NYSE: MAV) 12.82% 13.97%
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 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
Pioneer Municipal High I... (NYSE:MHI)
Historical Stock Chart
Von Sep 2024 bis Okt 2024
Pioneer Municipal High I... (NYSE:MHI)
Historical Stock Chart
Von Okt 2023 bis Okt 2024