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Pioneer Municipal High Income Advantage Fund, Inc. - MAV STOCK NEWS

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.

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Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) and Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) reported sources of distribution for December 2023 and this fiscal year to date, with MAV distributing $0.0275 per share and MHI distributing $0.0275 per share. The distributions were sourced from net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital.
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Pioneer Municipal High Income Advantage Fund, Inc. (MAV), Pioneer Municipal High Income Fund, Inc. (MHI), and Pioneer Municipal High Income Opportunities Fund, Inc. (MIO) reported sources of distribution for November 2023. MAV and MHI distributed $0.0275 per share, while MIO distributed $0.0425 per share. The distribution sources include net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. MAV's distribution makeup is 86.9% net investment income and 13.1% return of capital, MHI's makeup is 96.0% net investment income and 4.0% return of capital, and MIO's makeup is 97.6% net investment income and 2.4% return of capital.
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Three closed-end funds, HNW Pioneer Diversified High Income Fund, MAV Pioneer Municipal High Income Advantage Fund, and MHI Pioneer Municipal High Income Fund, reported their sources of distribution for July 2023. HNW distributed $0.0900 per share, MAV distributed $0.0300 per share, and MHI distributed $0.0325 per share.
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Pioneer Municipal High Income Advantage Fund (NYSE: MAV) announced its distribution details for August 2022, reporting a distribution amount of $0.0440 per share. The breakdown includes $0.0289 from net investment income (65.7%) and $0.0151 from return of capital (34.3%). Year-to-date cumulative distributions total $0.2040 per share, with 88.1% from net investment income. It is noted that a portion of the distribution may not represent income, and returns of capital should not be misconstrued as yield.

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Pioneer Municipal High Income Advantage Fund (NYSE: MAV) announced a distribution of $0.0400 per share for July 2022. The distribution is primarily derived from net investment income, which accounts for 82.3% of the total. The cumulative distribution for the fiscal year to date stands at $0.1600 per share. The fund warns investors that part of the distribution may be a return of capital, which does not reflect investment performance and should not be considered as income. It is essential to note that distribution rates can fluctuate due to various factors.

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The Pioneer Municipal High Income Advantage Fund (NYSE: MAV) has announced its distribution for May 2022, amounting to $0.0400 per share. For the fiscal year to date, total distributions reached $0.0800 per share, mainly sourced from Net Investment Income at $0.0780 (97.5%). The fund's distribution includes a return of capital of $0.0020 (5.0%). It's important for investors to note that these distributions do not necessarily reflect the fund's investment performance.

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Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) announced its January 2022 distribution of $0.0400 per share. This includes $0.0382 from net investment income (95.5%) and $0.0018 as a return of capital (4.5%). Cumulatively this fiscal year, the total distribution amounts to $0.4425 per share, with 99.6% from net investment income. The fund advises that returns of capital should not be seen as reflective of investment performance. Actual distributions may vary for tax purposes.

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FAQ

What is the current stock price of Pioneer Municipal High Income Advantage Fund (MAV)?

The current stock price of Pioneer Municipal High Income Advantage Fund (MAV) is $8.579 as of November 7, 2024.

What is the market cap of Pioneer Municipal High Income Advantage Fund (MAV)?

The market cap of Pioneer Municipal High Income Advantage Fund (MAV) is approximately 204.7M.

What is Pioneer Municipal High Income Advantage Fund, Inc. (MAV)?

MAV is a closed-end fund designed to provide high current income exempt from regular federal income tax and seeks capital appreciation.

What does MAV invest in?

MAV predominantly invests in debt securities and other obligations issued by or on behalf of U.S. states, territories, and political subdivisions, which are exempt from regular federal income tax.

Who manages MAV?

The fund is managed by Amundi US, a leading asset management company.

What are the fund’s primary and secondary objectives?

The primary objective is to provide high current income exempt from federal income tax, with a secondary goal of seeking capital appreciation.

How does MAV manage risk?

MAV employs a thorough credit analysis to manage risk and ensure a diversified portfolio suited to varying market conditions.

What recent projects is MAV involved in?

MAV is actively investing in infrastructure development and public service projects across various states to enhance value and stability.

How does MAV maintain a strong financial condition?

Through disciplined asset management and strategic portfolio adjustments, MAV ensures robust performance and financial stability.

What role do partnerships play in MAV’s strategy?

Partnerships with local governments and agencies provide MAV with access to a wide range of investment opportunities and favorable terms.

Is the income from MAV investments taxable?

The income generated from MAV's investments is generally exempt from regular federal income tax.

What makes MAV a suitable investment option?

MAV is ideal for investors seeking tax-exempt income and potential capital appreciation through a diversified and well-managed portfolio of municipal securities.

Pioneer Municipal High Income Advantage Fund, Inc.

NYSE:MAV

MAV Rankings

MAV Stock Data

204.71M
23.91M
51.75%
0.16%
Asset Management
Financial Services
United States of America
Boston