Pioneer Investments Announces Appointment of New Trustees for Closed-End Funds
29 Januar 2014 - 9:04PM
Business Wire
Pioneer Investments today announced that the Board of Trustees
of the Pioneer Closed-End Funds, Pioneer Diversified High Income
Trust (NYSE MKT: HNW), Pioneer Floating Rate Trust (NYSE: PHD),
Pioneer High Income Trust (NYSE: PHT), Pioneer Municipal High
Income Trust (NYSE: MHI), and Pioneer Municipal High Income
Advantage Trust (NYSE: MAV), has elected two new Trustees to the
Board: Marc O. Mayer, Independent Trustee; and Kenneth J. Taubes,
Chief Investment Officer, U.S. The appointments are effective
January 28, 2014.
“We are pleased to have individuals with such strong backgrounds
join the Board,” said Thomas J. Perna, Chairman of the Board of the
Pioneer Funds. “Marc has extensive experience in all phases of the
asset management industry and is an excellent addition to our
Independent Trustees. Ken leads the U.S. investment operation and
will be an important contributor to the Board,” Perna added.
The new Trustees are:
Marc O. Mayer, Independent Trustee
Mr. Mayer is a past Chief Executive Officer, Director and
Partner of GMO LLC (Grantham, Mayo, Van Otterloo LLC), an
institutional asset manager in Boston. He joined GMO after 20 years
at AllianceBernstein L.P., and its predecessor, Sanford C.
Bernstein & Co., Inc. Mr. Mayer began at Sanford Bernstein in
1989 as a pharmaceuticals securities analyst. He went on to be a
research director, head of the institutional research business,
head of institutional investments, head of retail investments,
president and director of AllianceBernstein mutual funds, and chief
investment officer for asset allocation. He was also a partner and
a member of Sanford Bernstein’s board of directors. Prior to
joining Sanford Bernstein, Mr. Mayer worked at the Squibb
Corporation for six years in strategic planning, business
development, marketing and marketing research. Mr. Mayer holds a
B.A. in philosophy from Yale and an M.B.A. from Columbia Business
School.
Kenneth J. Taubes, Executive Vice President and Chief
Investment Officer, U.S.
Mr. Taubes joined Pioneer Investments in 1998 and is a Portfolio
Manager of Pioneer Strategic Income Fund, Pioneer Bond Fund,
Pioneer Global Multisector Income Fund, and Pioneer Multi-Asset
Real Return Fund. He is also a Portfolio Manager of the
Opportunistic Core and Opportunistic Core Plus strategies for
institutional clients. In addition, he oversees the equity and
fixed income portfolio management and research analyst staff in the
U.S., and is chairman of the U.S. Investment Committee and a member
of the Global Investment Committee. He is also a member of the U.S.
Management Committee.
Prior to joining Pioneer, Ken spent seven years with Putnam
Investments in Boston, most recently as Senior Vice President and
Senior Portfolio Manager for over $15 billion in fixed income
assets for more than 30 institutional accounts and 15 open-end
mutual funds. Ken also served as Senior Vice President and
Corporate Treasurer of Home Owners Savings Bank in Boston, New
England’s largest thrift holding company and one of the nation’s
largest mortgage banks, where he worked from 1986 to 1990. He began
his career in 1980 with Bank of New England as a treasury officer
in the bank’s international treasury division. Ken holds a B.S. in
Accounting from Syracuse University’s Utica College and an M.B.A.
from Suffolk University.
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.
© 2014 Pioneer Investment Management, Inc.
Member of the UniCredit Banking Group,
Register of Banking Groups
Shareholder Inquiries:
Please contact your financial advisor or
visit us.pioneerinvestments.com.
Broker/Advisor Inquiries Please Contact: 800-622-9876
Media Inquiries Please Contact:
Geoff Smith 617-422-4727
Pioneer InvestmentsGeoff Smith, 617
422-4727geoff.smith@pioneerinvestments.com
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