Pioneer Investments Declares Monthly Distributions for Closed-End Funds
Pioneer Investments today announced the declaration of dividends for five closed-end funds for May.
| Ex Date: |
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May 16, 2016 |
| Record Date: |
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May 18, 2016 |
| Payable: |
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May 31, 2016 |
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Ticker
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Taxable Funds
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Distribution
Per Share
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Change From
Previous Month
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| HNW |
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Pioneer Diversified High Income Trust |
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$0.1150 |
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- |
| PHD |
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Pioneer Floating Rate Trust |
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$0.0600 |
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- |
| PHT |
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Pioneer High Income Trust* |
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$0.0850 |
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($0.0100) |
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Ticker
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Tax-Exempt Funds
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Distribution
Per Share
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Change From
Previous Month
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| MAV |
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Pioneer Municipal High Income Advantage Trust |
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$0.0700 |
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- |
| MHI |
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Pioneer Municipal High Income Trust |
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$0.0700 |
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- |
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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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| Pioneer Diversified High Income Trust |
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$15.67 |
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8.81% |
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$16.52 |
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8.35% |
| Pioneer Floating Rate Trust |
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$11.21 |
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6.42% |
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$12.28 |
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5.86% |
| Pioneer High Income Trust |
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$10.41 |
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9.80% |
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$9.71 |
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10.50% |
| Pioneer Municipal High Income Advantage Trust |
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$14.00 |
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6.00% |
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$12.61 |
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6.66% |
| Pioneer Municipal High Income Trust |
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$14.10 |
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5.96% |
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$13.49 |
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6.23% |
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The closing market price and NAV are based on data as of May 2, 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 May distribution of $0.0850 per share represents a $0.0100 per share decrease from the previous monthly distribution of
$0.0950 per share. The lower distribution rate is due to several factors, including but not limited to, certain fiscal year-end tax
adjustments, the impact of foreign exchange, the impact of deleveraging related to the decline in the high yield sector in the
first quarter of 2016 and the continued replacement of portfolio securities that are called or mature with instruments having lower
yields. This distribution change was made to better align the fund’s distribution rate to its 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
Shareholder Inquiries:
Please contact your financial advisor or visit
us.pioneerinvestments.com.
or
Broker/Advisor Inquiries Please Contact:
800-622-9876
or
Media Inquiries Please Contact:
Geoff Smith, 617-422-4727
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