Pioneer Investments Declares Monthly Distributions for Closed-End Funds

BOSTON--()--Pioneer Investments today announced the declaration of dividends for two closed-end funds for January 2014. The closing market price, annualized market price distribution rate, NAV, and NAV distribution rate are based on data as of January 2, 2014.

         
Ex Date: January 14, 2014
Record Date: January 16, 2014
Payable Date: January 31, 2014
         
Fund Distribution

Market
Price

Market Price
Distribution
Rate

NAV

NAV
Distribution
Rate

 

Pioneer Municipal High Income Trust (NYSE: MHI)

$0.0950 $13.64 8.36% $12.73 8.96%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) $0.0950 $12.91 8.83% $11.51 9.90%
 

Market Price Distribution Rate is calculated by dividing the last distribution per share (annualized) by market price. Rate includes leverage (non-income items such as loan or proceeds). It does not reflect returns of principal.

   

Taxable-Equivalent
Distribution Rate
at Market Price

Taxable-Equivalent
Distribution Rate
at NAV

 
Pioneer Municipal High Income Trust (NYSE: MHI) 14.77% 15.83%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) 15.60% 17.49%
 

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 funds are closed-end investment companies. They trade on the New York Stock Exchange (NYSE) under the following symbols: MHI and MAV. 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.
Member of the UniCredit Banking Group,
Register of Banking Groups

Contacts

Pioneer Investments
Shareholder Inquiries:
Please contact your financial advisor or visit us.pioneerinvestments.com.
or
Broker/Advisor Inquiries Please Contact:
800-622-9876
or
Media Inquiries Please Contact:
Geoff Smith, 617-422-4727

Release Summary

Pioneer Investments Announces Closed-End Distributions

Sharing

Contacts

Pioneer Investments
Shareholder Inquiries:
Please contact your financial advisor or visit us.pioneerinvestments.com.
or
Broker/Advisor Inquiries Please Contact:
800-622-9876
or
Media Inquiries Please Contact:
Geoff Smith, 617-422-4727