MHI Pioneer Municipal High Income Fund Inc

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