Pioneer Investments Declares Monthly Distributions for Closed-End Funds
July 02 2010 - 1:24PM
Business Wire
Pioneer Investments today announced the
declaration of dividends for five closed-end funds for July 2010.
The closing market price, annualized market price distribution
rate, NAV, and NAV distribution rate are based on data as of July
1, 2010.
Ex Date: July 13, 2010 Record Date:
July 15, 2010 Payable Date: July 30, 2010
Fund
Distribution
Market Price
Market Price
Distribution Rate
NAV
NAV Distribution
Rate
Taxable
Pioneer High Income Trust
(NYSE:PHT)
$ 0.1375 $ 14.63 11.28 % $ 12.79 12.90 % Pioneer Floating Rate
Trust (NYSE:PHD) $ 0.0725 $ 12.08 7.20 % $ 11.76 7.40 % Pioneer
Diversified High Income Trust (NYSE Amex:HNW) (a) $ 0.1600 $ 19.50
9.85 % $ 19.02 10.09 %
Tax-Exempt
Pioneer Municipal High Income Trust (NYSE: MHI) $ 0.0850 $ 14.01
7.28 % $ 13.80 7.39 % Pioneer Municipal High Income Advantage Trust
(NYSE: MAV) $ 0.0850 $ 13.26 7.69 % $ 12.45 8.19 %
Taxable-Equivalent
Distribution Rate at Market Price
Taxable-Equivalent
Distribution Rate at NAV
Pioneer Municipal High Income Trust (NYSE: MHI) 11.20 % 11.37 %
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) 11.83 %
12.60 %
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 July 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.
© 2010 Pioneer Investment Management, Inc.Member of the
UniCredit Banking Group,Register of Banking Groups
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