Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. Announce Second Liquidating Distributions

BOSTON--(BUSINESS WIRE)--Each of Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. announced today that the fund plans a second liquidating distribution on April 22, 2026. Each fund’s second liquidating distribution is anticipated to be paid in cash. Below is the expected distribution to be paid for each fund. All amounts are expressed per common share.

Fund	Liquidating Distribution	Tax-Exempt Income Distribution	Taxable Ordinary Income Distribution	Total Distribution
Pioneer Municipal High Income Fund, Inc.	$0.1669	$0.1669	$ -	$0.1669
Pioneer Municipal High Income Advantage Fund, Inc.	$0.1464	$0.1464	$ -	$0.1464

Each fund expects to make one or more smaller distributions in the future once the fund liquidates any remaining assets. Each liquidation will generally be a taxable event for stockholders that are subject to U.S. federal income tax. Any stockholder that receives a distribution in a liquidation will generally realize capital gain or loss in an amount equal to the difference between the total amount of the liquidation distribution(s) received and the stockholder’s adjusted basis in the fund shares. Please consult your personal tax advisor with regard to the specific tax consequences of the liquidation.

Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. have ceased trading on the New York Stock Exchange (NYSE).

Victory Capital Services, Inc.

Stockholder Inquiries: Please contact your financial advisor.