Pioneer Investments today announced the declaration of dividends for five closed-end funds for August 2011. The closing market price, annualized market price distribution rate, NAV, and NAV distribution rate are based on data as of August 4, 2011.
Ex Date: | August 11, 2011 | ||||
Record Date: | August 15, 2011 | ||||
Payable Date: | August 31, 2011 | ||||
Fund | Distribution | Market | Market Price | NAV | NAV | ||||||||||
Taxable | |||||||||||||||
Pioneer High Income Trust (NYSE: PHT) | $0.1375 | $15.92 | 10.36% | $13.89 | 11.88% | ||||||||||
Pioneer Floating Rate Trust (NYSE: PHD) (a) | $0.0850 | $13.00 | 7.85% | $12.97 | 7.86% | ||||||||||
Pioneer Diversified High Income Trust (NYSE Amex: HNW) (b) | $0.1600 | $19.70 | 9.75% | $20.33 | 9.44% | ||||||||||
Tax-Exempt | |||||||||||||||
Pioneer Municipal High Income Trust (NYSE: MHI) | $0.0950 | $14.01 | 8.14% | $13.91 | 8.20% | ||||||||||
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) | $0.0950 | $13.35 | 8.54% | $12.73 | 8.96% |
Taxable-Equivalent | Taxable-Equivalent | |||||
Pioneer Municipal High Income Trust (NYSE: MHI) | 12.52% | 12.62% | ||||
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) | 13.14% | 13.78% | ||||
Taxable-Equivalent Distribution Rate is computed using the maximum federal tax rate. |
Notes
(a) The August distribution amount for PHD represents an increase of
$0.005 per share from the July distribution amount.
(b) 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.
Member of the UniCredit
Banking Group,
Register of Banking Groups
Contacts:
Shareholder Inquiries:
Please contact your
financial advisor or visit pioneerinvestments.com
or
Broker/Advisor
Inquiries Please Contact:
800-622-9876
or
Media Inquiries
Please Contact:
Geoff Smith, 617-422-4727