Pioneer Investments today announced the declaration of dividends for five closed-end funds for May 2011. The closing market price, annualized market price distribution rate, NAV, and NAV distribution rate are based on data as of May 5, 2011.
Ex Date:       May 12, 2011
Record Date: May 16, 2011
Payable Date: May 31, 2011
 
Fund     Distribution    

Market Price
   

Market Price Distribution Rate
    NAV    

NAV Distribution Rate

Taxable

Pioneer High Income Trust (NYSE: PHT)
$0.1375 $17.03 9.69% $14.46 11.41%

Pioneer Floating Rate Trust (NYSE: PHD)(a)
$0.0775 $13.83 6.72% $13.37 6.96%

Pioneer Diversified High Income Trust (NYSE Amex: HNW)(c)
$0.1600 $22.14 8.67% $21.00 9.14%
 

Tax-Exempt

Pioneer Municipal High Income Trust (NYSE: MHI)(b)
$0.0950 $13.57 8.40% $13.20 8.64%

Pioneer Municipal High Income Advantage Trust (NYSE: MAV)(b)
$0.0950 $13.14 8.68% $11.90 9.58%
 

Taxable-Equivalent Distribution Rate at Market Price

Taxable-Equivalent Distribution Rate at NAV
Pioneer Municipal High Income Trust (NYSE: MHI) 12.92% 13.29%
Pioneer Municipal High Income Advantage Trust (NYSE: MAV) 13.35% 14.74%
 

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

Notes

(a) The May distribution amount for PHD represents an increase of $0.005 per share from the April distribution amount. This increase reflects declining default rates and improving conditions in the floating rate security market.

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