BOSTON--(BUSINESS WIRE)--Amundi Pioneer Asset Management today announced the declaration of dividends for five Pioneer closed-end funds for November 2020.
Ex Date: |
November 16, 2020 |
|
Record Date: |
November 17, 2020 |
|
Payable: |
November 30, 2020 |
Ticker |
Taxable Funds |
Distribution
|
Change From
|
|||
HNW |
Pioneer Diversified High Income Trust |
$0.1100 |
$0.0075 |
|||
PHD |
Pioneer Floating Rate Trust |
$0.0625 |
- |
|||
PHT |
Pioneer High Income Trust |
$0.0725 |
$0.0050 |
|||
|
|
|
|
|||
Ticker |
Tax-Exempt Funds |
Distribution
|
Change From
|
|||
MAV |
Pioneer Municipal High Income Advantage Trust |
$0.0525 |
$0.0075 |
|||
MHI |
Pioneer Municipal High Income Trust |
$0.0525 |
$0.0075 |
|
|
Market
|
|
Market Price
|
|
NAV |
|
NAV
|
Pioneer Diversified High Income Trust |
$12.74 |
10.36% |
$14.52 |
9.09% |
||||
Pioneer Floating Rate Trust |
$10.12 |
7.41% |
$10.90 |
6.88% |
||||
Pioneer High Income Trust |
$7.89 |
11.03% |
$8.80 |
9.89% |
||||
Pioneer Municipal High Income Advantage Trust |
$11.08 |
5.69% |
$12.13 |
5.19% |
||||
Pioneer Municipal High Income Trust |
$11.54 |
5.46% |
$12.97 |
4.86% |
Notes
HNW: HNW’s November distribution of $0.1100 per share represents a 7.3% increase from $0.1025 paid in October. This change better aligns the Fund’s distribution rates with its current and projected level of earnings and reserves.
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. If the Fund estimates that any portion of a distribution may be comprised of amounts from sources other than net investment income, the Fund will provide shareholders a separate written notice. These notices are provided for informational purposes only, and should not be used for tax reporting purposes. 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.
PHD: The payable date for PHD will be December 1, 2020.
At this time, PHD believes a portion of its November distribution and a portion of its fiscal year-to-date cumulative distributions may be comprised of amounts from sources other than net investment income. 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." If the Fund estimates that any portion of a distribution may be comprised of amounts from sources other than net investment income, the Fund will provide shareholders a separate written notice. These notices are provided for informational purposes only, and should not be used for tax reporting purposes. 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.
PHT: PHT’s November per share distribution of $0.0725 represents a 7.4% increase from the $0.0675 per share distribution paid in October. This change better aligns the Fund’s distribution rates with its current and projected level of earnings and reserves.
MAV: MAV’s November distribution of $0.0525 per share represents a 16.7% increase from the $0.0450 per share paid in October. This change better aligns the Fund’s distribution rate with its current and projected level of earnings and reserves.
MHI: MHI’s November distribution of $0.0525 per share represents a 16.7% increase from the $0.0450 distribution paid in October. This change better aligns the Fund’s distribution rate with its current and projected level of earnings and reserves.
The closing market price and NAV are based on data as of November 4, 2020. 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.
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 NYSEAMER.
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 Amundi Pioneer's closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.
About Amundi Pioneer Asset Management
Amundi Pioneer is the U.S. business of Amundi, Europe’s largest asset manager by assets under management and ranked among the ten largest globally[1]. Boston is one of Amundi’s six main global investment hubs and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific. Our long history of proprietary research, robust risk management, disciplined investment processes, and strong client relationships has made Amundi Pioneer an investment advisor of choice among leading institutional and individual investors worldwide. Amundi Pioneer had approximately $89 billion in assets under management as of September 30, 2020.
[1] Source IPE “Top 500 asset managers” published in June 2020 and based on AUM as of end December 2019.
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