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Pioneer Investments Declares Monthly Distributions For Closed-End Funds

Pioneer Investments today announced the declaration of dividends for five closed-end funds for February 2011. The closing market price, annualized market price distribution rate, NAV, and NAV distribution rate are based on data as of February 3, 2011.

Ex Date:       February 11, 2011
Record Date: February 15, 2011
Payable Date: February 28, 2011
 
Fund   Distribution  

Market Price

 

Market Price Distribution Rate

  NAV  

NAV Distribution Rate

 

Taxable

Pioneer High Income Trust (NYSE:PHT) $0.1375 $15.99 10.32% $14.28 11.55%
Pioneer Floating Rate Trust (NYSE:PHD) $0.0725 $13.52 6.43% $13.09 6.65%
Pioneer Diversified High Income Trust (NYSE Amex:HNW) (a) $0.1600 $20.71 9.27% $21.16 9.07%
 

Tax-Exempt

Pioneer Municipal High Income Trust (NYSE: MHI) $0.0900 $13.36 8.08% $12.80 8.44%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) $0.0900 $12.43 8.69% $11.51 9.38%
 
 

Taxable-Equivalent Distribution Rate at Market Price

 

Taxable-Equivalent Distribution Rate at NAV

Pioneer Municipal High Income Trust (NYSE: MHI) 12.43% 12.98%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) 13.37% 14.43%

Taxable-Equivalent Distribution Rate is computed using the maximum federal tax rate .

Notes

(a) 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.

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