Pioneer Investments today announced the declaration of dividends for
five closed-end funds for December 2013. The closing market price,
annualized market price distribution rate, NAV, and NAV distribution
rate are based on data as of December 2, 2013.
In addition, Pioneer Investments is announcing special one-time
distributions for Pioneer Diversified High Income Trust (HNW) and
Pioneer Floating Rate Trust (PHD) related to income earned by the funds
in 2013 above their normal monthly distribution, which is required to be
paid in 2013.
The amount per share and timing of these distributions are below.
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Regular December 2013 Distributions:
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Ex Date:
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December 11, 2013
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Record Date:
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December 13, 2013
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Payable Date:
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December 19, 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 Amex:HNW)
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$0.1600
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$20.66
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9.29%
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$20.24
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9.49%
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Pioneer Floating Rate Trust (NYSE:PHD)
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$0.0750
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$12.45
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7.23%
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$13.07
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6.89%
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Pioneer High Income Trust (NYSE:PHT)
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$0.1375
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$17.05
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9.68%
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$14.01
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11.78%
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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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$12.95
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8.80%
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$11.60
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9.83%
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Pioneer Municipal High Income Trust (NYSE: MHI)
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$0.0950
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$13.72
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8.31%
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$12.85
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8.87%
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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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12.37%
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13.81%
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Pioneer Municipal High Income Trust (NYSE: MHI)
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13.09%
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13.97%
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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 distribution for MAV contains approximately $0.044827 per share of
taxable income. This is a one-time taxable distribution in 2013. **The
distribution for MHI contains approximately $0.023772 per share of
taxable income. This is a one-time taxable distribution in 2013.
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Special December 2013 Taxable
Distributions:
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Ex Date:
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December 16, 2013
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Record Date:
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December 18, 2013
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Payable Date:
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December 30, 2013
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Pioneer Floating Rate Trust (PHD)
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$ 0.023
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Pioneer Diversified High Income Trust (HNW)
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$ 0.372
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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 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