Amundi US today announced the declaration of dividends for five
Pioneer closed-end funds for August 2021.
Ex-Date: August 18, 2021 Record Date: August
19, 2021 Payable: August 31, 2021
Ticker
Taxable
Funds
Distribution
Per Share
Change From
Previous
Month
HNW
Pioneer Diversified High Income Fund,
Inc.
$
0.1100
-
PHD*
Pioneer Floating Rate Fund, Inc.
$
0.0575
-$0.0050
PHT
Pioneer High Income Fund, Inc.
$
0.0725
-
Ticker
Tax-Exempt
Funds
Distribution
Per Share
Change From
Previous
Month
MAV**
Pioneer Municipal High Income Advantage
Fund, Inc.
$
0.0400
-$0.0100
MHI***
Pioneer Municipal High Income Fund,
Inc.
$
0.0375
-$0.0100
Market Price
Market Price
Distribution
Rate
NAV
NAV
Distribution
Rate
Pioneer Diversified High Income Fund,
Inc.
$
15.40
8.57
%
$
15.75
8.38
%
Pioneer Floating Rate Fund, Inc.
$
11.45
6.03
%
$
11.68
5.91
%
Pioneer High Income Fund, Inc.
$
10.14
8.58
%
$
9.64
9.02
%
Pioneer Municipal High Income Advantage
Fund, Inc.
$
12.73
3.77
%
$
12.52
3.83
%
Pioneer Municipal High Income Fund,
Inc.
$
12.99
3.46
%
$
13.45
3.35
%
*PHD’s August per share distribution of $0.0575 represents an 8%
decrease from the $0.0625 per share distribution paid in July. The
decrease was due primarily to the refinancing of loans that the
fund held with new loans at lower spreads as the economy recovers
from the coronavirus crisis. This change better aligns the Fund’s
distribution rate with its current and projected level of earnings
and reserves. At this time, it is believed that a portion of PHD’s
current monthly distribution may be comprised of amounts from
sources other than net investment income.
**MAV’s August per share distribution of $0.0400 represents a
20% decrease from the $0.0500 per share distribution paid in July.
The decrease was due primarily to reduced yields in the municipal
bond market. A number of the Fund’s maturing and callable
securities were 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.
***MHI’s August per share distribution of $0.0375 represents a
21% decrease from the $0.0475 per share distribution paid in July.
The decrease was due primarily to reduced yields in the municipal
bond market. A number of the Fund’s maturing and callable
securities were 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.
If any Fund estimates that any portion of its 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 each Fund’s distributions
will occur after the end of its fiscal year, at which time it will
be reported to shareholders. 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."
The closing market price and NAV are based on data as of August
4, 2021. 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 US’
closed-end funds, please call 800-225-6292 or visit our closed-end
pricing page.
About Amundi US
Amundi US is the US 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[2] 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.
With our financial and extra-financial research capabilities and
long-standing commitment to responsible investment, Amundi is a key
player in the asset management landscape. Amundi clients benefit
from the expertise and advice of over 4,500 employees in 37
countries. A subsidiary of the Crédit Agricole group and listed on
the Paris stock exchange, Amundi currently manages approximately
$2.12 trillion of assets[3].
Amundi, a Trusted Partner, working every day in the interest of
our clients and society
www.amundi.com/us
Follow us on linkedin.com/company/amundi-us/ and
twitter.com/amundi_us.
1. Source: IPE “Top 500 Asset Managers” published in June 2021,
based on assets under management as of 12/31/2020
2. Boston, Dublin, London, Milan, Paris, and Tokyo
3. Amundi data as of 6/30/21
Amundi Distributor US, Inc., Member SIPC (Formerly Amundi
Pioneer Distributor, Inc.) 60 State Street, Boston, MA 02109 ©2021
Amundi Asset Management US
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Shareholder Inquiries: Please contact your financial advisor or
visit www.amundi.com/us. Broker/Advisor Inquiries Please Contact:
800-622-9876 Media Inquiries Please Contact: Geoff Smith,
617-504-8520
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