Pioneer Investments today announced the declaration of dividends for six closed-end funds for October 2007. The closing market price, annualized distribution rate and NAV distribution rate are based on data as of October 4, 2007.
Ex Date: October 11, 2007
Record Date: October 15, 2007
Payable Date: October 31, 2007Fund | Distribution | Market | Market Price | NAV | NAV | |||||||||
| Pioneer High Income Trust (NYSE: PHT) | $ | 0.1375 | 16.86 | 9.79 | % | 15.78 | 10.46 | % | ||||||
| Pioneer Municipal High Income Trust (NYSE: MHI) | $ | 0.0700 | 14.99 | 5.60 | % | 15.45 | 5.44 | % | ||||||
| Pioneer Municipal High Income Advantage Trust (NYSE: MAV) | $ | 0.0750 | 15.31 | 5.88 | % | 15.34 | 5.87 | % | ||||||
| Pioneer Floating Rate Trust (NYSE: PHD) | $ | 0.1450 | 18.30 | 9.51 | % | 18.84 | 9.24 | % | ||||||
Pioneer Tax Advantaged Balanced Trust (NYSE: PBF)(a) | $ | 0.1120(a) | 14.45 | 9.37 | % | 15.63 | 8.60 | % | ||||||
| Pioneer Diversified High Income Trust (AMEX: HNW) | $ | 0.1980 | 21.38 | 11.11 | % | 23.44 | 10.14 | % | ||||||
The Tax-Equivalent Distribution of the following funds based on the market price as of October 4, 2007, and an assumed tax rate of 35% is below:
Tax-Equivalent Distribution Rate | |||
| Pioneer Municipal High Income Trust (NYSE: MHI) | 8.62 | % | |
| Pioneer Municipal High Income Advantage Trust (NYSE: MAV) | 9.04 | % | |
Pioneer Tax Advantaged Balanced Trust (NYSE: PBF)(a) | 12.98 | % | |
(a)At this time, PBF believes that a portion of this distribution may include a return of capital, in addition to net investment income. Further information on the composition of the distribution will be made available on the payment date and will be available at www.pioneerinvestments.com. 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. Five funds trade on the New York Stock Exchange (NYSE): PHT, MHI, MAV, PHD and PBF. One fund trades on the American Stock Exchange (AMEX): HNW. Pioneer Investment Management, Inc. is each fund’s investment adviser.
Shareholder Inquiries: Please contact your financial advisor or visit www.pioneerinvestments.com.
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, 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.
Pioneer Funds Distributor, Inc., Member SIPC
©Pioneer Investment Management, Inc. 60 State Street Boston, MA 02109
Member of the UniCredito Italiano Banking Group, Register of Banking Groups
Contacts:
Broker/Advisor Inquiries:
800-622-9876
or
Media
Inquiries:
Geoff Smith or Tara Pescatore, 617-422-4727
