BOSTON--(BUSINESS WIRE)--
Pioneer Investments today announced the declaration of dividends for five closed-end funds for May.
| Ex Date: | May 15, 2017 | |||
| Record Date: | May 17, 2017 | |||
| Payable: | May 31, 2017 |
|
Ticker |
Taxable Funds |
Distribution |
Change From |
|||||||||
| HNW | Pioneer Diversified High Income Trust | $0.1150 | - | |||||||||
| PHD | Pioneer Floating Rate Trust | $0.0600 | - | |||||||||
| PHT | Pioneer High Income Trust | $0.0650 | - | |||||||||
|
Ticker |
Tax-Exempt Funds |
Distribution |
Change From |
|||||||||
| MAV |
Pioneer Municipal High Income Advantage Trust* |
$0.0500 |
$0.0025 |
|||||||||
| MHI |
Pioneer Municipal High Income Trust* |
$0.0500 |
$0.0025 |
|
Market |
Market Price |
NAV |
NAV |
|||||||||||||
| Pioneer Diversified High Income Trust | $16.71 | 8.26% | $17.69 | 7.80% | ||||||||||||
| Pioneer Floating Rate Trust | $12.29 | 5.86% | $12.58 | 5.72% | ||||||||||||
| Pioneer High Income Trust | $10.00 | 7.80% | $10.78 | 7.24% | ||||||||||||
| Pioneer Municipal High Income Advantage Trust | $11.19 | 5.36% | $11.90 | 5.04% | ||||||||||||
| Pioneer Municipal High Income Trust | $11.74 | 5.11% | $12.71 | 4.72% |
*The May distribution rates for each of MAV and MHI of $0.0500 per share represent a 5.2% increase from the $0.0475 distribution paid by each fund in April. Changes in the interest rate environment in the municipal bond market have allowed portions of the portfolios to be repositioned into higher yielding securities, resulting in increased income.
The closing market price and NAV are based on data as of May 2, 2017. 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.
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.
Shareholder Inquiries: Please contact your financial advisor or visit us.pioneerinvestments.com.
Broker/Advisor
Inquiries Please Contact: 800-622-9876
Media Inquiries Please
Contact: Geoff Smith, 617-422-4727
© 2017 Pioneer Investment Management, Inc.
Member of the UniCredit
Banking Group, Register of Banking Groups
View source version on businesswire.com: http://www.businesswire.com/news/home/20170503006484/en/
