Pioneer Investments today announced the declaration of dividends for
five closed-end funds for February.
|
Ex Date:
|
|
|
|
February 16, 2016
|
|
Record Date:
|
|
|
|
February 18, 2016
|
|
Payable:
|
|
|
|
February 29, 2016
|
|
Ticker
|
|
|
|
Taxable Funds
|
|
|
|
Distribution
|
|
|
|
Change From
|
|
|
|
|
|
|
|
|
|
|
Per Share
|
|
|
|
Previous Month
|
|
HNW
|
|
|
|
Pioneer Diversified High Income Trust
|
|
|
|
$0.1150
|
|
|
|
-
|
|
PHT
|
|
|
|
Pioneer Floating Rate Trust
|
|
|
|
$0.0600
|
|
|
|
-
|
|
PHD
|
|
|
|
Pioneer High Income Trust*
|
|
|
|
$0.0950
|
|
|
|
($0.0200)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ticker
|
|
|
|
Tax-Exempt Funds
|
|
|
|
Distribution
|
|
|
|
Change From
|
|
|
|
|
|
|
|
|
|
Per Share
|
|
|
|
Previous Month
|
|
MAV
|
|
|
|
Pioneer Municipal High Income Advantage Trust*
|
|
|
|
$0.0700
|
|
|
|
($0.0100)
|
|
MHI
|
|
|
|
Pioneer Municipal High Income Trust
|
|
|
|
$0.0700
|
|
|
|
-
|
|
|
|
|
|
Market
|
|
|
|
Market Price
|
|
|
|
NAV
|
|
|
|
NAV
|
|
|
|
|
|
Price
|
|
|
|
Distribution Rate
|
|
|
|
|
|
|
|
Distribution Rate
|
|
Pioneer Diversified High Income Trust
|
|
|
|
$14.13
|
|
|
|
9.77%
|
|
|
|
$15.67
|
|
|
|
8.81%
|
|
Pioneer Floating Rate Trust
|
|
|
|
$10.39
|
|
|
|
6.93%
|
|
|
|
$11.93
|
|
|
|
6.04%
|
|
Pioneer High Income Trust
|
|
|
|
$9.21
|
|
|
|
12.38%
|
|
|
|
$8.99
|
|
|
|
12.68%
|
|
Pioneer Municipal High Income Advantage Trust
|
|
|
|
$14.00
|
|
|
|
6.00%
|
|
|
|
$12.59
|
|
|
|
6.67%
|
|
Pioneer Municipal High Income Trust
|
|
|
|
$13.40
|
|
|
|
6.27%
|
|
|
|
$13.48
|
|
|
|
6.23%
|
The closing market price and NAV are based on data as of February 3,
2016. The Market Price Distribution Rate is calculated by dividing the
latest declared monthly distribution per share (annualized) by the
market price. The NAV Distribution Rate is calculated by dividing the
latest declared monthly distribution per share (annualized) by the NAV
per share.
*PHT’s February distribution of $0.0950 per share represents a $0.0200
per share decrease from the previous monthly distribution of $0.1150 per
share. MAV’s February distribution of $0.0700 per share represents a
$0.0100 per share decrease from the previous monthly distribution of
$0.0800 per share. Many fixed income asset classes have experienced
spread compression (tightening) in the past 12 months. Therefore, yields
on the funds’ securities have trended lower. These distribution changes
were made to better align the funds’ distribution rates to their current
and projected level of earnings.
All funds are closed-end investment companies. PHD, PHT, MHI and MAV
trade on the New York Stock Exchange (NYSE). HNW trades on the NYSE MKT.
Pioneer Investment Management, Inc. is each fund’s investment adviser.
Keep in mind, distribution rates are not guaranteed. A fund’s
distribution rate may be affected by numerous factors, including changes
in actual or projected investment income, the level of undistributed net
investment income, if any, and other factors. Shareholders should not
draw any conclusions about a fund’s investment performance based on a
fund’s current distributions. Closed-end funds, unlike open-end funds,
are not continuously offered. 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.
© 2016 Pioneer Investment Management, Inc.
Member of the UniCredit
Banking Group, Register of Banking Groups
Not FDIC Insured
May lose value
No bank guarantee
View source version on businesswire.com: http://www.businesswire.com/news/home/20160204006640/en/
Copyright Business Wire 2016