Pioneer Investments today announced the declaration of dividends for
five closed-end funds for September 2013. The closing market price,
annualized market price distribution rate, NAV, and NAV distribution
rate are based on data as of September 3, 2013.
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Ex Date:
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September 13, 2013
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Record Date:
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September 17, 2013
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Payable Date:
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September 30, 2013
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Fund
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Distribution
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Market
Price
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Market Price
Distribution
Rate
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NAV
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NAV
Distribution
Rate
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Taxable
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Pioneer Diversified High Income Trust (NYSE: HNW)
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$0.1600
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$19.66
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9.77%
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$19.85
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9.67%
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Pioneer Floating Rate Trust (NYSE:PHD)
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$0.0750
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$12.71
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7.08%
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$13.02
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6.91%
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Pioneer High Income Trust (NYSE:PHT)
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$0.1375
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$16.55
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9.97%
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$13.80
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11.96%
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Tax-Exempt
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Pioneer Municipal High Income Advantage Trust (NYSE: MAV)
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$0.0950
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$12.56
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9.08%
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$11.58
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9.85%
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Pioneer Municipal High Income Trust (NYSE: MHI)
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$0.0950
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$13.34
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8.55%
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$12.84
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8.88%
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Market Price Distribution Rate is calculated by dividing the last
distribution per share (annualized) by market price. Rate includes
leverage (non-income items such as loan or proceeds). It does not
reflect returns of principal.
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Taxable-Equivalent
Distribution Rate
at
Market Price
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Taxable-Equivalent
Distribution Rate
at
NAV
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Pioneer Municipal High Income Advantage Trust (NYSE: MAV)
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16.04%
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17.40%
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Pioneer Municipal High Income Trust (NYSE: MHI)
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15.11%
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15.69%
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Taxable-Equivalent Distribution Rate is computed using an effective tax
rate of 43.4%, which includes the maximum federal tax rate of 39.6% and
the net investment income tax rate of 3.8%.
The funds are closed-end investment companies. Four of these funds trade
on the New York Stock Exchange (NYSE) under the following symbols: PHD,
PHT, MAV and MHI. HNW trades on the NYSE MKT. 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.
© 2013 Pioneer Investment Management, Inc.
Member of the UniCredit Banking Group, Register of Banking Groups
Copyright Business Wire 2013