Pioneer Investments Declares Monthly Distributions for Closed-End Funds
April 05 2011 - 2:42PM
Business Wire
Pioneer Investments today announced the declaration of dividends
for five closed-end funds for April 2011. The closing market price,
annualized market price distribution rate, NAV, and NAV
distribution rate are based on data as of April 4, 2011.
Ex Date: April 13, 2011 Record Date: April 15, 2011
Payable Date: April 29, 2011
Fund Distribution
Market Price
Market Price Distribution
Rate
NAV
NAV Distribution
Rate
Taxable
Pioneer High Income Trust (NYSE:PHT) $0.1375 $16.64 9.92% $14.37
11.48% Pioneer Floating Rate Trust (NYSE:PHD) $0.0725 $13.36 6.51%
$13.26 6.56% Pioneer Diversified High Income Trust (NYSE Amex:HNW)
(a) $0.1600 $21.25 9.04% $20.91 9.18%
Tax-Exempt
Pioneer Municipal High Income Trust (NYSE: MHI) $0.0900 $13.11
8.24% $12.79 8.44% Pioneer Municipal High Income Advantage Trust
(NYSE: MAV) $0.0900 $12.74 8.48% $11.54 9.36%
Taxable-Equivalent Distribution
Rate at Market Price
Taxable-Equivalent Distribution
Rate at NAV
Pioneer Municipal High Income Trust (NYSE: MHI) 12.68% 12.98%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) 13.05%
14.40%
Taxable-Equivalent Distribution Rate is
computed using the maximum federal tax rate.
Notes
(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 the April
distribution and 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
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