Pioneer Investments today announced the declaration of dividends for five closed-end funds for December 2014. The closing market price, annualized market price distribution rate, NAV, and NAV distribution rate are based on data as of December 1, 2014.
In addition, Pioneer Investments is announcing a special one-time distribution for Pioneer Diversified High Income Trust (HNW) related to income earned by the fund in 2014 above its normal monthly distribution, which is required to be paid in 2014.
The amount per share and timing of these distributions are below.
Regular December 2014 Distributions: | ||||||
| Ex Date: | December 10, 2014 | |||||
| Record Date: | December 12, 2014 | |||||
| Payable Date: | December 18, 2014 | |||||
Fund | Distribution | Market | Market Price | NAV | NAV | |||||||||||||||||
Taxable | ||||||||||||||||||||||
| Pioneer Diversified High Income Trust (NYSE MKT: HNW) | $0.1350 | $18.23 | 8.89% | $18.79 | 8.62% | |||||||||||||||||
| Pioneer Floating Rate Trust (NYSE:PHD) | $0.0550 | $11.36 | 5.81% | $12.81 | 5.15% | |||||||||||||||||
| Pioneer High Income Trust (NYSE:PHT) | $0.1375 | $17.55 | 9.40% | $12.50 | 13.20% | |||||||||||||||||
Tax-Exempt | ||||||||||||||||||||||
Pioneer Municipal High Income Advantage Trust (NYSE: MAV)* | $0.0950 | $15.05 | 7.58% | $12.62 | 9.03% | |||||||||||||||||
Pioneer Municipal High Income Trust (NYSE: MHI)** | $0.0850 | $14.31 | 7.13% | $13.48 | 7.57% | |||||||||||||||||
Taxable-Equivalent | Taxable-Equivalent | |||||||||||||||||||||
| Pioneer Municipal High Income Advantage Trust (NYSE: MAV) | 10.52% | 12.55% | ||||||||||||||||||||
| Pioneer Municipal High Income Trust (NYSE: MHI) | 10.16% | 10.78% |
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 $0.046747 per share of
taxable income. This is a one-time taxable distribution in 2014.
**The
distribution for MHI contains approximately $0.037882 per share of
taxable income. This is a one-time taxable distribution in 2014.
Special December 2014 Taxable Distribution: | ||||||
| Ex Date: | December 17, 2014 | |||||
| Record Date: | December 19, 2014 | |||||
| Payable Date: | December 30, 2014 | |||||
| Pioneer Diversified High Income Trust (HNW) | $ | 0.060 |
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.
© 2014 Pioneer Investment Management, Inc.
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