Pioneer Investments Declares Monthly Distributions for Closed-End Funds, Special Distributions, & Announces Termination of HN...
02 Dezember 2011 - 10:28PM
Business Wire
Pioneer Investments today announced the declaration of dividends
for five closed-end funds for December 2011. The closing market
price, annualized market price distribution rate, NAV, and NAV
distribution rate are based on data as of December 1, 2011.
Pioneer Investments today is also announcing special one-time
taxable distributions for Pioneer Municipal High Income Trust (MHI)
and Pioneer Municipal High Income Advantage Trust (MAV). These
taxable distributions resulted from certain bonds that were
purchased at a discount and subsequently sold or matured at a gain.
The amount per share of these distributions is provided below.
In addition, Pioneer Investments is also announcing special
one-time distributions for Pioneer Floating Rate Trust (PHD) and
Pioneer Diversified High Income Trust (HNW) related to income
earned by the funds in 2011 above their normal monthly distribution
that is required to be paid in 2011. The amount per share of these
distributions is provided below.
Regular December
2011 Distribution:
Ex Date: December 8, 2011 Record
Date: December 12, 2011 Payable Date: December 19, 2011
Fund Distribution
MarketPrice
Market
PriceDistributionRate
NAV
NAVDistributionRate
Taxable
Pioneer High Income Trust (NYSE:PHT) $0.1375 $17.15 9.62% $12.69
13.00% Pioneer Floating Rate Trust (NYSE:PHD) $0.0850 $12.73 8.01%
$12.40
8.23 %
Pioneer Diversified High Income Trust
(NYSE Amex:HNW)
$0.1600 $19.06 10.07% $18.83 10.20%
Tax-Exempt
Pioneer Municipal High Income Trust (NYSE: MHI) $0.0950 $14.23
8.01% $13.32 8.56% Pioneer Municipal High Income Advantage Trust
(NYSE: MAV) $0.0950 $13.75 8.29% $12.24 9.31%
Taxable-EquivalentDistribution
Rateat Market Price
Taxable-EquivalentDistribution
Rateat NAV
Pioneer Municipal High Income Trust (NYSE: MHI) 12.32% 13.17%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) 12.76%
14.33%
Taxable-Equivalent Distribution Rate is computed using the
maximum federal tax rate.
Special December
2011 Taxable Distribution:
Ex Date: December 13, 2011
Record Date: December 15, 2011 Payable Date: December 29, 2011
Pioneer Municipal High Income Trust (NYSE: MHI)
$0.0567
Pioneer Municipal High Income Advantage Trust (NYSE: MAV)
$0.1711
Pioneer Floating Rate Trust (PHD)
$0.0850
Pioneer Diversified High Income Trust (HNW)
$0.0400
HNW – Termination of Level Distribution
Policy
At a regular meeting held on November 29, 2011, the Board of
Trustees of HNW determined to discontinue the fund’s level
distribution policy. This determination was made in consideration
of a number of factors, including the current economic environment
and the fund’s current income prospects. The fund’s regular
distribution for December 2011 is expected to consist entirely of
net investment income. The fund’s distribution policies continue to
be subject to regular review by the Board of Trustees.
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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