Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-End Funds
August 06 2019 - 4:05PM
Business Wire
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.
Visit amundipioneer.com for more information.
Follow us on www.linkedin.com/company/amundi-pioneer and
https://twitter.com/amundipioneer.
Amundi Pioneer Distributor, Inc., Member SIPC © 2019 Amundi
Pioneer Asset Management
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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
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