Pioneer Municipal High Income Advantage Fund, Inc. Required Notice to Shareholders Sources of Distribution Under Section 19(a)

Rhea-AI Summary

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.

Positive

• January 2022 distribution is set at $0.0400 per share.
• Cumulative distribution for the fiscal year reached $0.4425 per share, indicating consistent income generation.

Negative

• 4.5% of the January distribution is classified as a return of capital, which may raise concerns about actual investment performance.

BOSTON--(BUSINESS WIRE)-- Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) today reported sources of distribution for January and for distributions this fiscal year to date.

Distribution Period		January 2022
Distribution Amount Per Share		$0.0400

The following table sets 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.

									Percentage
									Make up of
							Total		Total
					Percentage		Cumulative		Cumulative
					Make up of		Distributions		Distributions
			Current		Current		Fiscal Year		Fiscal Year
			Distribution		Distribution		to Date		to Date
Net Investment Income			$0.0382		95.5%		$0.4407		99.6%
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			$0.0018		4.5%		$0.0018		0.4%
Total per Common Share			$0.0400		100.0%		$0.4425		100.0%

Note

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 the distribution does not represent income or realized capital gains. Therefore, such portion of the 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.

Pioneer Municipal High Income Advantage Fund, Inc. is a closed-end investment company traded on the New York Stock Exchange (NYSE) under the 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’ 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 globally^[1]. Boston is one of Amundi’s six main global investment hubs^[2] 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 close to 4,800 employees in 36 countries. A subsidiary of the Crédit Agricole group and listed on the Paris stock exchange, Amundi currently manages approximately $2.09 trillion of assets^[3].

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 2021, based on assets under management as of 12/31/2020
2. Boston, Dublin, London, Milan, Paris, and Tokyo
3. Amundi data as of 9/30/21

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

Amundi Asset Management US, Inc.
60 State Street, Boston, MA 02109
©2022 Amundi Asset Management US, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005140/en/

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

Source: Amundi US

FAQ

What is the January 2022 distribution amount for MAV?

The January 2022 distribution for Pioneer Municipal High Income Advantage Fund (MAV) is $0.0400 per share.

What percentage of the January distribution for MAV is from net investment income?

95.5% of the January distribution is from net investment income.

How much has MAV distributed cumulatively this fiscal year?

Cumulatively this fiscal year, MAV has distributed $0.4425 per share.

What does a return of capital mean for MAV's distribution?

A return of capital indicates that some of the invested money is being returned to investors and does not reflect actual income or capital gains.