Pioneer Floating Rate Trust Required Notice to Shareholders Sources of Distribution Under Section 19(a)
December 01 2020 - 9:00AM
Business Wire
Pioneer Floating Rate Trust (NYSE: PHD) today reported sources
of distribution for November and this fiscal year to date.
Distribution Period
November 2020
Distribution Amount Per Share
$0.0625
The following table sets forth estimates of the character of the
current distribution and the cumulative distributions paid this
fiscal year to date from the following sources: Net Investment
Income; Net Realized Short-Term Capital Gains; Net Realized
Long-Term Capital Gains or Return of Capital. All amounts are
expressed per common share.
Current Distribution
Percentage Make up of Current
Distribution
Total Cumulative Distributions
Fiscal Year to Date
Percentage Make up of Total
Cumulative Distributions Fiscal Year to Date
Net Investment Income
$0.0398
63.7
%
$0.6992
94.2
%
Net Realized Short-Term Capital Gains
$0.0000
0.0
%
$0.0000
0.0
%
Net Realized Long-Term Capital Gains
$0.0000
0.0
%
$0.0000
0.0
%
Return of Capital
$0.0227
36.3
%
$0.0433
5.8
%
Total per Common Share
$0.0625
100.0
%
$0.7425
100.0
%
Note Investors should not necessarily draw any
conclusions about the fund's investment performance from the amount
of this distribution.
The fund estimates that a portion of the distribution does not
represent income or realized capital gains. Therefore, such portion
of the distribution may be a return of capital. A return of capital
may occur when some or all of the money invested in the fund is
returned to the investor. A return of capital distribution does not
necessarily reflect the fund's investment performance and should
not be considered "yield" or "income."
The amounts and sources of distributions reported under the
notice are only estimates and are not being provided for tax
reporting purposes. The actual amounts and sources for tax
reporting purposes will depend upon the fund's investment
experience during the remainder of its fiscal year and may be
subject to change based on tax regulations. The fund will provide
investors with a Form(s) 1099 for the calendar year that explains
how to report these distributions for federal income tax
purposes.
Pioneer Floating Rate Trust is a closed-end investment company
traded on the New York Stock Exchange (NYSE) under the symbol
PHD.
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.
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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Shareholder Inquiries: Please contact your financial advisor or
visit amundipioneer.com/us. Broker/Advisor Inquiries Please
Contact: 800-622-9876 Media Inquiries Please Contact: Geoff Smith,
617-422-4758
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