Pioneer Investments today announced the declaration of dividends for five closed-end funds for November 2011. The closing market price, annualized market price distribution rate, NAV, and NAV distribution rate are based on data as of November 3, 2011.
|Ex Date:||November 11, 2011|
|Record Date:||November 15, 2011|
|Payable Date:||November 30, 2011|
|Fund||Distribution||Market Price||Market Price Distribution Rate||NAV||NAV Distribution Rate|
|Pioneer High Income Trust (NYSE:PHT)||$0.1375||$17.08||9.66%||$13.00||12.69%|
|Pioneer Floating Rate Trust (NYSE:PHD)||$0.0850||$12.59||8.10%||$12.52||8.15%|
|Pioneer Diversified High Income Trust (NYSE Amex:HNW)||$0.1600||$19.61||9.79%||$19.21||9.99%|
|Pioneer Municipal High Income Trust (NYSE: MHI)||$0.0950||$14.18||8.04%||$13.76||8.28%|
|Pioneer Municipal High Income Advantage Trust (NYSE: MAV)||$0.0950||$13.69||8.33%||$12.55||9.08%|
|Taxable-Equivalent Distribution Rate at Market Price||Taxable-Equivalent Distribution Rate at NAV|
|Pioneer Municipal High Income Trust (NYSE: MHI)||12.37%||12.74%|
|Pioneer Municipal High Income Advantage Trust (NYSE: MAV)||12.82%||13.97%|
Taxable-Equivalent Distribution Rate is computed using the maximum federal tax rate.
(a) HNW currently has a level distribution policy, which is intended to provide investors with a relatively stable monthly distribution. The level distribution policy is subject to regular review by the Board of Trustees to determine whether it continues to be in the best interests of the fund and its shareholders. There can be no assurance that this policy will be maintained in the future or maintained at its current level. Investors should not necessarily draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's level distribution policy.
At this time, HNW believes that a portion of its fiscal year-to-date cumulative distributions may include a return of capital in addition to net investment income and long-term capital gains. A return of capital is not a distribution of income or capital gains from the fund, does not necessarily reflect the fund's investment performance, and should not be considered "yield" or "income." The final determination of tax characteristics of the fund’s distributions will occur after the end of the year, at which time it will be reported to shareholders.
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.
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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
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