Pioneer Investments Declares Monthly Distributions for Closed-End Funds and Special One-Time Distributions
03 Dezember 2013 - 9:38PM
Business Wire
Pioneer Investments today announced the declaration of dividends
for five closed-end funds for December 2013. The closing market
price, annualized market price distribution rate, NAV, and NAV
distribution rate are based on data as of December 2, 2013.
In addition, Pioneer Investments is announcing special one-time
distributions for Pioneer Diversified High Income Trust (HNW) and
Pioneer Floating Rate Trust (PHD) related to income earned by the
funds in 2013 above their normal monthly distribution, which is
required to be paid in 2013.
The amount per share and timing of these
distributions are below.
Regular December
2013 Distributions:
Ex Date: December 11, 2013
Record Date: December 13, 2013 Payable Date: December 19, 2013
Fund Distribution
MarketPrice
Market
PriceDistributionRate
NAV
NAVDistributionRate
Taxable
Pioneer Diversified High Income Trust (NYSE Amex:HNW) $0.1600
$20.66 9.29% $20.24 9.49% Pioneer Floating Rate Trust (NYSE:PHD)
$0.0750 $12.45 7.23% $13.07 6.89% Pioneer High Income Trust
(NYSE:PHT) $0.1375 $17.05 9.68% $14.01 11.78%
Tax-Exempt
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) $0.0950
$12.95 8.80% $11.60 9.83% Pioneer Municipal High Income Trust
(NYSE: MHI) $0.0950 $13.72 8.31% $12.85 8.87%
Taxable-EquivalentDistribution
Rateat Market Price
Taxable-EquivalentDistribution
Rateat NAV
Pioneer Municipal High Income Advantage Trust (NYSE: MAV)
12.37% 13.81% Pioneer Municipal High Income Trust (NYSE: MHI)
13.09% 13.97%
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 distribution for MAV contains
approximately $0.044827 per share of taxable income. This is a
one-time taxable distribution in 2013. **The distribution for MHI
contains approximately $0.023772 per share of taxable income. This
is a one-time taxable distribution in 2013.
Special December
2013 Taxable Distributions:
Ex Date: December 16, 2013 Record Date:
December 18, 2013 Payable Date: December 30, 2013
Pioneer Floating Rate Trust (PHD) $ 0.023
Pioneer Diversified High Income Trust (HNW) $ 0.372
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 InvestmentsShareholder Inquiries:Please contact your
financial advisor or visit
us.pioneerinvestments.com.orBroker/Advisor
Inquiries800-622-9876orMedia InquiriesGeoff Smith, 617-422-4727
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