Pioneer Closed-End Fund Required Notice to Shareholders Sources of Distribution Under Section 19(a)
Pioneer Municipal High Income Advantage Fund (MAV) has announced its March 2025 distribution details. The fund distributed $0.0325 per share, with the following composition:
- 91.1% ($0.0296) from Net Investment Income
- 8.9% ($0.0029) as Return of Capital
- No distributions from short-term or long-term capital gains
The cumulative fiscal year-to-date distributions totaled $0.3900 per share, comprising 85.9% ($0.3351) from Net Investment Income and 14.1% ($0.0549) as Return of Capital. The fund trades on the NYSE and operates as a closed-end investment company, with shares potentially trading at prices different from their net asset value (NAV).
Il Pioneer Municipal High Income Advantage Fund (MAV) ha annunciato i dettagli della distribuzione di marzo 2025. Il fondo ha distribuito $0.0325 per azione, con la seguente composizione:
- 91.1% ($0.0296) da Reddito Netto di Investimento
- 8.9% ($0.0029) come Rimborso di Capitale
- Nessuna distribuzione da guadagni in conto capitale a breve o lungo termine
Le distribuzioni cumulative dall'inizio dell'anno fiscale ammontano a $0.3900 per azione, di cui 85.9% ($0.3351) da Reddito Netto di Investimento e 14.1% ($0.0549) come Rimborso di Capitale. Il fondo è quotato alla NYSE e opera come una società di investimento chiusa, con azioni che potrebbero essere scambiate a prezzi diversi dal loro valore patrimoniale netto (NAV).
El Pioneer Municipal High Income Advantage Fund (MAV) ha anunciado los detalles de distribución de marzo de 2025. El fondo distribuyó $0.0325 por acción, con la siguiente composición:
- 91.1% ($0.0296) de Ingresos Netos de Inversión
- 8.9% ($0.0029) como Devolución de Capital
- No hay distribuciones de ganancias de capital a corto o largo plazo
Las distribuciones acumulativas desde el inicio del año fiscal totalizan $0.3900 por acción, de las cuales el 85.9% ($0.3351) proviene de Ingresos Netos de Inversión y el 14.1% ($0.0549) como Devolución de Capital. El fondo se negocia en la NYSE y opera como una compañía de inversión cerrada, con acciones que pueden cotizar a precios diferentes de su valor neto de activos (NAV).
파이오니어 지방자치단체 고수익 우대 펀드 (MAV)가 2025년 3월 배당금 세부사항을 발표했습니다. 이 펀드는 주당 $0.0325를 배당했으며, 다음과 같은 구성으로 이루어져 있습니다:
- 91.1% ($0.0296)는 순투자소득에서 발생
- 8.9% ($0.0029)는 자본환급으로
- 단기 또는 장기 자본이득에서 배당금 없음
회계연도 누적 배당금은 주당 $0.3900에 달하며, 이 중 85.9% ($0.3351)는 순투자소득에서, 14.1% ($0.0549)는 자본환급으로 구성됩니다. 이 펀드는 NYSE에 상장되어 있으며, 폐쇄형 투자회사로 운영되며, 주가는 자산순가치(NAV)와 다른 가격으로 거래될 수 있습니다.
Le Pioneer Municipal High Income Advantage Fund (MAV) a annoncé les détails de distribution de mars 2025. Le fonds a distribué 0,0325 $ par action, avec la composition suivante :
- 91,1 % (0,0296 $) provenant des Revenus Nets d'Investissement
- 8,9 % (0,0029 $) en tant que Remboursement de Capital
- Aucune distribution provenant des gains en capital à court ou à long terme
Les distributions cumulées depuis le début de l'exercice fiscal totalisent 0,3900 $ par action, dont 85,9 % (0,3351 $) proviennent des Revenus Nets d'Investissement et 14,1 % (0,0549 $) en tant que Remboursement de Capital. Le fonds est coté à la NYSE et fonctionne en tant que société d'investissement fermée, avec des actions pouvant être échangées à des prix différents de leur valeur nette d'inventaire (NAV).
Der Pioneer Municipal High Income Advantage Fund (MAV) hat die Einzelheiten der Ausschüttung für März 2025 bekannt gegeben. Der Fonds hat $0.0325 pro Aktie ausgeschüttet, mit folgender Zusammensetzung:
- 91.1% ($0.0296) aus Nettoinvestitionseinkommen
- 8.9% ($0.0029) als Rückzahlung von Kapital
- Keine Ausschüttungen aus kurzfristigen oder langfristigen Kapitalgewinnen
Die kumulierten Ausschüttungen seit Beginn des Geschäftsjahres belaufen sich auf $0.3900 pro Aktie, wobei 85.9% ($0.3351) aus Nettoinvestitionseinkommen und 14.1% ($0.0549) als Rückzahlung von Kapital stammen. Der Fonds wird an der NYSE gehandelt und operiert als geschlossene Investmentgesellschaft, wobei die Aktien möglicherweise zu Preisen gehandelt werden, die von ihrem Nettoinventarwert (NAV) abweichen.
- High proportion (91.1%) of current distribution derived from Net Investment Income
- Strong cumulative distribution of $0.3900 per share fiscal year-to-date
- 85.9% of year-to-date distributions sourced from Net Investment Income
- 8.9% of current distribution represents Return of Capital, not actual earnings
- 14.1% of fiscal year-to-date distributions represent Return of Capital
- No capital gains (short-term or long-term) contributed to distributions
Distribution Period: March 2025
Ticker |
Tax-Exempt Fund |
Distribution Amount Per Share |
MAV |
Pioneer Municipal High Income Advantage Fund, Inc. |
|
The following table 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 |
|
|
|
|
Net Realized Short-Term Capital Gains |
|
|
|
|
Net Realized Long-Term Capital Gains |
|
|
|
|
Return of Capital |
|
|
|
|
Total per Common Share |
|
|
|
|
Notes:
Investors should not necessarily draw any conclusions about the fund’s investment performance from the amount of this distribution.
The 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 the fund's investment experience during the remainder of its fiscal year and may be subject to change based on tax regulations. The 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 fund is a closed-end investment company and trades on the New York Stock Exchange (NYSE) under the following symbol: MAV.
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.
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 5,7003 team members and market professionals in 35 countries3. A subsidiary of the Crédit Agricole group and listed on the
Amundi, a Trusted Partner, working every day in the interest of our clients and society.
Follow us on linkedin.com/company/amundi-us/ and x.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
3 Amundi data as of 12/31/2024
Shareholder Inquiries: Please contact your financial advisor or visit www.amundi.com/us.
Amundi Distributor US, Inc., Member SIPC
60 State Street,
©2025 Amundi Asset Management US, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250401625972/en/
Broker/Advisor Inquiries Please Contact: 800-622-9876
Media Inquiries Please Contact: Geoff Smith, 617-504-8520
Source: Amundi US
FAQ
What is the March 2025 distribution amount for Pioneer Municipal High Income Advantage Fund (MAV)?
How much of MAV's March 2025 distribution comes from Net Investment Income?
What percentage of MAV's fiscal year-to-date distributions represents Return of Capital?
What is the total cumulative distribution for MAV fiscal year-to-date?
