StockNews.AI
MAV
StockNews.AI
3 days

Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)

1. MAV's distribution amount is $0.0325 per share for November. 2. 85.2% of MAV's distribution comes from net investment income. 3. MAV has cumulative distributions of $0.2198 fiscal year to date. 4. Returns of capital account for 14.8% of MAV's current distribution. 5. Risks include market price fluctuating below NAV levels.

33 mins saved
Full Article

FAQ

Why Bullish?

Sustained distribution from net investment income suggests financial stability, boosting investor confidence.

How important is it?

Distribution announcements often influence investor sentiment and trading activity in closed-end funds.

Why Short Term?

Immediate market reactions likely but long-term performance is contingent on continued income generation.

Related Companies

Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)

BOSTON--()--The following closed-end funds reported sources of distribution for November and this fiscal year to date.

Distribution Period: November 2024

Ticker

Tax-Exempt Funds

Distribution Amount Per Share

MAV

Pioneer Municipal High Income Advantage Fund, Inc.

$0.0325

MHI

Pioneer Municipal High Income Fund, Inc.

$0.0350

MIO

Pioneer Municipal High Income Opportunities Fund, Inc.

$0.0500

The following tables set 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.

 

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV)

 

    Percentage Total Percentage Make up
    Make up of Cumulative of Total Cumulative
  Current Current Distributions Distributions
  Distribution Distribution Fiscal Year to Date Fiscal Year to Date
Net Investment Income $0.0277 85.2% $0.2198 84.5%
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 $0.0048 14.8% $0.0402 15.5%
Total per Common Share $0.0325 100.0% $0.2600 100.0%
 

Pioneer Municipal High Income Fund, Inc. (NYSE: MHI)

 

    Percentage Total Percentage Make up
    Make up of Cumulative of Total Cumulative
  Current Current Distributions Distributions
  Distribution Distribution Fiscal Year to Date Fiscal Year to Date
Net Investment Income $0.0313 89.4% $0.2144 87.5%
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 $0.0037 10.6% $0.0306 12.5%
Total per Common Share $0.0350 100.0% $0.2450 100.0%
 

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE: MIO)

 

    Percentage Total Percentage Make up
    Make up of Cumulative of Total Cumulative
  Current Current Distributions Distributions
  Distribution Distribution Fiscal Year to Date Fiscal Year to Date
Net Investment Income $0.0410 82.0% $0.2887 82.5%
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 $0.0090 18.0% $0.0613 17.5%
Total per Common Share $0.0500 100.0% $0.3500 100.0%

Notes:

Investors should not necessarily draw any conclusions about the funds' investment performance from the amount of these distributions.

Each fund estimates that a portion of its distribution does not represent income or realized capital gains. Therefore, such portion of its 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 each fund's investment experience during the remainder of its respective fiscal year and may be subject to change based on tax regulations. Each 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.

The funds are closed-end investment companies. The following funds trade on the New York Stock Exchange (NYSE) under the following symbols: MAV, MHI and MIO.

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 US’s 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 globally1. Boston is one of Amundi’s six main global investment hubs2 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 5,5003 team members and market professionals in 35 countries3. A subsidiary of the Crédit Agricole group and listed on the Paris stock exchange, Amundi currently manages approximately $2.445 trillion of assets3.

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 2024, based on assets under management as of December 31, 2023.
2 Boston, Dublin, London, Milan, Paris, and Tokyo
3 Amundi data as of 9/30/2024

Amundi Distributor US, Inc., Member SIPC
60 State Street, Boston, MA 02109
©2024 Amundi Asset Management US, Inc.

Contacts

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

Related News