CORRECTING and REPLACING Pioneer Investments Declares Monthly Distributions for Closed-End Funds
February 04 2016 - 7:23PM
Business Wire
In the first table, the ticker for Pioneer Floating Rate Trust
should read "PHD" (instead of: "PHT"). And the ticker for Pioneer
High Income Trust should read "PHT" (instead of "PHD").
The corrected release reads:
PIONEER INVESTMENTS DECLARES MONTHLY
DISTRIBUTIONS FOR CLOSED-END FUNDS
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 -
PHD
Pioneer Floating Rate Trust
$0.0600 -
PHT
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 InsuredMay lose valueNo bank guarantee
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version on businesswire.com: http://www.businesswire.com/news/home/20160204006640/en/
Shareholder Inquiries:Please contact your financial advisor or
visit us.pioneerinvestments.com.orBroker/Advisor Inquiries Please
Contact:800-622-9876orMedia Inquiries Please Contact:Geoff Smith,
617-422-4727
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