Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-End Funds
December 01 2020 - 4:05PM
Business Wire
Amundi Pioneer Asset Management today announced the declaration
of dividends for five Pioneer closed-end funds for December
2020.
In addition, Amundi Pioneer Asset Management is announcing a
special one-time distribution for Pioneer Diversified High Income
Trust (HNW) related to income earned by the fund in 2020 above its
normal monthly distribution, which is required to be paid in
2020.
The amount per share and timing of these distributions are
below.
Regular December 2020
Distributions:
Ex Date:
December 10, 2020
Record Date:
December 11, 2020
Payable:
December 18, 2020
Ticker
Taxable
Funds
Distribution Per Share
Change From Previous Month
HNW1
Pioneer Diversified High Income Trust
$0.1100
-
PHD2
Pioneer Floating Rate Trust
$0.0625
-
PHT
Pioneer High Income Trust
$0.0725
-
Ticker
Tax-Exempt
Funds
Distribution Per Share
Change From Previous Month
MAV3
Pioneer Municipal High Income Advantage
Trust
$0.0525
-
MHI4
Pioneer Municipal High Income Trust
$0.0525
-
Market Price
Market Price Distribution Rate
NAV
NAV Distribution Rate
Pioneer Diversified High Income Trust
$14.09
9.37%
$15.21
8.68%
Pioneer Floating Rate Trust
$10.73
6.99%
$11.16
6.72%
Pioneer High Income Trust
$8.82
9.86%
$9.24
9.42%
Pioneer Municipal High Income Advantage
Trust
$11.46
5.50%
$12.31
5.12%
Pioneer Municipal High Income Trust
$12.33
5.11%
$13.18
4.78%
Special December 2020
Distributions:
Ex Date:
December 18, 2020
Record Date:
December 21, 2020
Payable:
December 30, 2020
Distribution Per Share
HNW
Pioneer Diversified High Income Trust
$0.0900
1 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.
2 At this time, PHD 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.
3 The distribution for MAV contains approximately $0.012192 per
share of taxable income. This is a one-time taxable distribution in
2020.
4 The distribution for MHI contains approximately $0.030635 per
share of taxable income. This is a one-time taxable distribution in
2020.
The closing market price and NAV are based on data as of
November 30, 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.
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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