Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-End Funds
August 04 2020 - 4:05PM
Business Wire
Amundi Pioneer Asset Management today announced the declaration
of dividends for five Pioneer closed-end funds for August 2020.
Ex Date:
August 18, 2020
Record Date:
August 19, 2020
Payable:
August 31, 2020
Ticker
Taxable
Funds
Distribution Per Share
Change From Previous Month
HNW*
Pioneer Diversified High Income
Trust
$0.1025**
$0.0075
PHD
Pioneer Floating Rate Trust
$0.0625***
$0.0025
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
$0.0450****
$0.0025
MHI
Pioneer Municipal High Income
Trust
$0.0450
-
Market Price
Market Price Distribution Rate
NAV
NAV Distribution Rate
Pioneer Diversified High Income Trust
$12.65
9.72%
$14.38
8.55%
Pioneer Floating Rate Trust
$9.74
7.70%
$10.68
7.02%
Pioneer High Income Trust
$7.82
10.36%
$8.75
9.26%
Pioneer Municipal High Income Advantage
Trust
$11.26
4.80%
$12.29
4.39%
Pioneer Municipal High Income Trust
$12.09
4.47%
$13.20
4.09%
*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, then the fund will notify
shareholders of the estimated composition of the distribution
through a separate written Section 19(a) Notice. Section 19(a)
Notices are provided for informational purposes only, and should
not be used for tax reporting purposes. Final tax characteristics
of all fund distributions will be provided on Form 1099-DIV, which
is mailed after the close of the calendar year.
**HNW’s August distribution of $0.1025 per share represents a
7.9% increase from $0.095 per share paid in July. The increase
highlights the Fund’s ability to move between sectors to seek the
best value for shareholders. We recently used this flexibility to
selectively increase our holdings in high yield securities and
asset-backed securities, generating a higher level of income.
***PHD’s August distribution of $0.0625 per share represents a
4.2% increase from the $0.0600 per share paid in July. The increase
was due primarily to a repositioning of the Fund earlier this year
into higher yielding bank loans.
****MAV’s August distribution of $0.0450 per share represents a
5.90% increase from $0.0425 per share paid in July. The increase
was due primarily to select opportunities in the high yield
municipal bond market. 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 August
3, 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 $85 billion in assets under management as
of June 30, 2020. [1] Source IPE “Top 500 asset managers” published
in June 2020 and based on AUM as of end December 2019.
Visit amundipioneer.com/us for more information.
Follow us on www.linkedin.com/company/amundi-pioneer and
https://twitter.com/amundipioneer.
Amundi Pioneer Distributor, Inc., Member SIPC ©2020 Amundi
Pioneer Asset Management
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