Pioneer Investments Declares Monthly Distributions for Closed-End Funds
05 Mai 2015 - 8:25PM
Business Wire
Pioneer Investments today announced the declaration of dividends
for five closed-end funds for May.
Ex Date: May 15, 2015
Record Date: May 19, 2015
Payable: May 29, 2015
Ticker
Taxable
Fund
Distribution
Change From
Per Share
Previous
Month
HNW Pioneer Diversified High Income Trust $0.1350 - PHD Pioneer
Floating Rate Trust $0.0600 $0.005* PHT Pioneer High Income Trust
$0.1150 -
Ticker
Tax-Exempt
Fund
Distribution Change From
Per Share
Previous
Month
MAV Pioneer Municipal High Income Advantage Trust $0.0800 $-0.015**
MHI Pioneer Municipal High Income Trust $0.0700 $-0.015**
The closing market price, market price distribution rate, NAV,
and NAV distribution rate are based on data as of May 4, 2015.
Market
Market Price
NAV
NAV
Price
Distribution
Rate
Distribution
Rate
Pioneer Diversified High Income Trust $17.44 9.29% $18.41 8.80%
Pioneer Floating Rate Trust $11.60 6.21% $12.88 5.59% Pioneer High
Income Trust $13.05 10.57% $12.08 11.42% Pioneer Municipal High
Income Advantage Trust $15.46 6.21% $12.42 7.73% Pioneer Municipal
High Income Trust $14.70 5.71% $13.29 6.32%
*PHD’s May distribution of $0.0600 per share represents a 9.1%
increase from the $0.0550 per share distribution paid in April.
Since the Fund’s FYE in November 2014, the Fund has been able to
deploy cash into higher spreads as the bank loan market sold off
related to a drop in energy prices last fall. Yields were also
supported by the Fund’s investment in select non-U.S. companies and
second lien loans.
**MHI’s May distribution of $0.0700 per share represents a 17.6%
decrease from the $0.0850 per share distribution paid in April.
MAV’s May distribution of $0.0800 per share represents a 15.8%
decrease from the $0.0950 per share distribution paid in April. The
prolonged low interest-rate environment has reduced the yields of
securities throughout the municipal bond market. As a result, the
Funds’ maturing and callable higher yielding securities have been
replaced with new securities with lower yields, reducing the Funds’
income. This change better aligns the Funds’ distribution rate with
its current and projected level of earnings and reserves.
The Market Price Distribution Rate is calculated by dividing the
last distribution per share (annualized) by the market price. The
NAV Distribution Rate is calculated by dividing the last
distribution per share (annualized) by the NAV per share.
All funds are closed-end investment companies. PHD, PHT, MAV and
MHI trade on the New York Stock Exchange (NYSE). HNW trades on the
NYSE MKT. Pioneer Investment Management, Inc. is each fund’s
investment adviser.
Keep in mind, distribution rates are not guaranteed. A fund’s
distribution rate may be affected by numerous factors, including
changes in actual or projected investment income, the level of
undistributed net investment income, if any, and other factors.
Shareholders should not draw any conclusions about a fund’s
investment performance based on a fund’s current distributions.
Closed-end funds, unlike open-end funds, are not continuously
offered. 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.
© 2015 Pioneer Investment Management, Inc.Member of the
UniCredit Banking Group, Register of Banking Groups
Not FDIC InsuredMay lose valueNo bank guarantee
Pioneer InvestmentsShareholder Inquiries:Please contact your
financial advisor or visit
us.pioneerinvestments.com.orBroker/Advisor
Inquiries:800-622-9876orMedia Inquiries:Geoff Smith,
617-422-4727
Pioneer Municipal High I... (NYSE:MHI)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Pioneer Municipal High I... (NYSE:MHI)
Historical Stock Chart
Von Jul 2023 bis Jul 2024