Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-End Funds

BOSTON--()--Amundi Pioneer Asset Management today announced the declaration of dividends for four Pioneer closed-end funds for August 2019.

Ex Date:

August 19, 2019

Record Date:

August 20, 2019

Payable:

August 30, 2019

Ticker

Taxable Funds

Distribution
Per Share

Change From
Previous Month

PHD

Pioneer Floating Rate Trust

$0.0625

-

PHT

Pioneer High Income Trust

$0.0675

-

 

 

 

 

Ticker

Tax-Exempt Funds

Distribution
Per Share

Change From
Previous Month

MAV

Pioneer Municipal High Income Advantage Trust

$0.0375

-

MHI

Pioneer Municipal High Income Trust

$0.0475*

-$0.005

*MHI’s August per share distribution of $0.0475 represents a 9.5% decrease from the $0.0525 per share distribution paid in July. The decrease was due primarily to reduced yields in the high yield municipal bond market. The fund’s maturing and callable securities were generally replaced with new securities with lower yields, reducing the fund’s income. This change better aligns the fund’s distribution rate with its current and projected level of earnings and reserves.

 

Market
Price

 

 

Market Price
Distribution Rate

 

 

NAV

 

 

NAV
Distribution Rate

Pioneer Floating Rate Trust

$10.47

 

 

7.16%

 

 

$12.04

 

 

6.23%

Pioneer High Income Trust

$9.16

 

 

8.84%

 

 

$9.89

 

 

8.19%

Pioneer Municipal High Income Advantage Trust

$11.09

 

 

4.06%

 

 

$12.04

 

 

3.74%

Pioneer Municipal High Income Trust

$12.74

 

 

4.47%

 

 

$13.10

 

 

4.35%

The closing market price and NAV are based on data as of August 5, 2019. 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 and trade on the New York Stock Exchange (NYSE).

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]. Amundi Pioneer was formed in July 2017 when Amundi acquired Pioneer Investments, and established Amundi Pioneer Asset Management USA, Inc., based in Boston and Durham, NC. 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 have made Amundi Pioneer an investment advisor of choice among leading institutional and individual investors worldwide. Amundi Pioneer had approximately $84 billion in assets under management as of June 30, 2019.
[1] Source IPE “Top 400 asset managers” published in June 2019 and based on AUM as of end December 2018.

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Amundi Pioneer Distributor, Inc., Member SIPC
© 2019 Amundi Pioneer Asset Management

Contacts

Shareholder Inquiries: Please contact your financial advisor or visit amundipioneer.com.
Broker/Advisor Inquiries Please Contact: 800-622-9876
Media Inquiries Please Contact: Geoff Smith, 617-422-4758

Contacts

Shareholder Inquiries: Please contact your financial advisor or visit amundipioneer.com.
Broker/Advisor Inquiries Please Contact: 800-622-9876
Media Inquiries Please Contact: Geoff Smith, 617-422-4758