Welcome to our dedicated page for Pioneer Municipal High Income Advantage Fund news (Ticker: MAV), a resource for investors and traders seeking the latest updates and insights on Pioneer Municipal High Income Advantage Fund stock.
Pioneer Municipal High Income Advantage Fund, Inc. (MAV) is a closed-end fund strategically designed to deliver high current income exempt from regular federal income tax. As a secondary objective, it aims to seek capital appreciation. The fund predominantly invests in debt securities and other obligations issued by or on behalf of states, territories, and possessions of the United States, the District of Columbia, and their political subdivisions, agencies, and instrumentalities. The interest on these investments is exempt from regular federal income tax.
Managed by Amundi US, MAV focuses on optimizing returns while maintaining a diversified portfolio. Recent achievements include strategic investments in high-yield municipal bonds and an emphasis on managing risk through thorough credit analysis. MAV consistently reviews and adjusts its portfolio to align with market conditions and economic forecasts, ensuring robust performance.
Currently, MAV is involved in several key projects aimed at enhancing the fund's value and stability. These include targeted investments in infrastructure development and public service projects across various states. The fund's financial condition remains strong, supported by a disciplined approach to asset management and a commitment to maximizing shareholder value.
Partnerships with local governments and agencies play a critical role in MAV's strategy, providing access to a wide range of investment opportunities. By leveraging these relationships, MAV can secure favorable terms and diversify its holdings effectively.
Overall, Pioneer Municipal High Income Advantage Fund, Inc. is a solid choice for investors seeking tax-exempt income and potential capital appreciation through a well-managed and diversified portfolio of municipal securities.
Pioneer Closed-End Funds have reported their sources of distribution for September 2024 and the fiscal year to date. The report covers three tax-exempt funds: Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI), and Pioneer Municipal High Income Opportunities Fund (MIO).
For MAV, the current distribution of $0.0325 per share comprises 80.9% from net investment income and 19.1% from return of capital. Year-to-date, MAV's cumulative distribution of $0.1950 per share includes 83.9% from net investment income and 16.1% from return of capital.
Investors are cautioned not to draw conclusions about the funds' investment performance from these distributions. A portion of each fund's distribution may represent a return of capital, which occurs when some invested money is returned to investors. The actual amounts for tax reporting may differ and will be provided in Form 1099.
Pioneer Closed-End Funds reported sources of distribution for August 2024 for three tax-exempt funds: Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI), and Pioneer Municipal High Income Opportunities Fund (MIO). The distributions per share were $0.0325, $0.0350, and $0.0500 respectively.
For MAV, 83.7% of the current distribution came from Net Investment Income, while 16.3% was Return of Capital. Year-to-date, 84.5% was from Net Investment Income and 15.5% from Return of Capital. The fund trades on the NYSE under the symbol MAV.
Investors are cautioned that these distributions may not necessarily reflect the funds' investment performance, and a portion may represent a return of capital. The actual amounts for tax reporting purposes may vary and will be provided in Form 1099.
Pioneer Closed-End Funds has released a notice to shareholders regarding the sources of distribution under Section 19(a) for July 2024. The report covers three tax-exempt funds: Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI), and Pioneer Municipal High Income Opportunities Fund (MIO).
For MAV, the current distribution of $0.0325 per share comprises 84.3% from net investment income and 15.7% from return of capital. The fund's cumulative distributions for the fiscal year to date show a similar breakdown. MHI and MIO also reported their distribution sources, with net investment income being the primary source for all three funds.
The notice emphasizes that investors should not draw conclusions about the funds' investment performance from these distributions. A portion of each fund's distribution may represent a return of capital, which occurs when some invested money is returned to the investor. The actual amounts for tax reporting may change based on each fund's investment experience and tax regulations.
Pioneer Closed-End Funds released a notice to shareholders detailing the sources of distributions for June 2024 and the fiscal year to date. The funds highlighted are Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI), and Pioneer Municipal High Income Opportunities Fund (MIO). For MAV, the June distribution of $0.0325 per share comprises 88.0% Net Investment Income and 12.0% Return of Capital. Year-to-date, MAV's distributions total $0.0975 per share with similar composition. MHI's June distribution is $0.0350 per share, consisting of 84.9% Net Investment Income and 15.1% Return of Capital, totaling $0.0700 per share year-to-date. MIO's June distribution is $0.0500 per share, with 82.6% Net Investment Income and 17.4% Return of Capital, totaling $0.1000 per share year-to-date. These distributions are estimates and not for tax reporting purposes.
Pioneer Closed-End Funds reported distribution sources for May 2024 and the fiscal year to date. For May 2024, the Pioneer Municipal High Income Fund (MHI) distributed $0.0350 per share, with 84.3% from Net Investment Income and 15.7% from Return of Capital. Pioneer Municipal High Income Advantage Fund (MAV) distributed $0.0325 per share, with 83.7% from Net Investment Income and 16.3% from Return of Capital. Pioneer Municipal High Income Opportunities Fund (MIO) distributed $0.0500 per share, with 80% from Net Investment Income and 20% from Return of Capital. These distributions do not necessarily reflect the funds' investment performance and may include returns of capital. The funds trade under the symbols MAV, MHI, and MIO and are subject to market factors affecting distribution rates.
The press release by Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) reports the sources of distribution for April 2024 and the fiscal year to date. The fund distributed $0.0325 per share, with 82.8% coming from net investment income and 17.2% from return of capital. It notes that returns of capital may not represent income or realized capital gains. The report emphasizes that distribution rates are not guaranteed, and the fund is traded on NYSE under the ticker symbol MAV.
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