Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)
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 ha rilasciato un avviso agli azionisti riguardante le fonti di distribuzione ai sensi della Sezione 19(a) per luglio 2024. Il rapporto riguarda tre fondi esenti da tasse: Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI) e Pioneer Municipal High Income Opportunities Fund (MIO).
Per il MAV, la distribuzione attuale di $0,0325 per azione è composta dal 84,3% da reddito da investimenti netti e dal 15,7% da rimborso di capitale. Le distribuzioni cumulative del fondo per l'anno fiscale fino ad oggi mostrano una suddivisione simile. Anche MHI e MIO hanno riportato le loro fonti di distribuzione, con il reddito da investimenti netti come principale fonte per tutti e tre i fondi.
L'avviso sottolinea che gli investitori non dovrebbero trarre conclusioni sulle performance di investimento dei fondi da queste distribuzioni. Una parte della distribuzione di ciascun fondo potrebbe rappresentare un rimborso di capitale, che si verifica quando del denaro investito viene restituito all'investitore. Gli importi effettivi per la dichiarazione fiscale potrebbero cambiare in base all'esperienza di investimento di ciascun fondo e alle normative fiscali.
Pioneer Closed-End Funds ha emitido un aviso a los accionistas sobre las fuentes de distribución bajo la Sección 19(a) para julio de 2024. El informe cubre tres fondos exentos de impuestos: Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI) y Pioneer Municipal High Income Opportunities Fund (MIO).
Para el MAV, la distribución actual de $0,0325 por acción se compone en un 84,3% de ingresos netos por inversiones y un 15,7% de reembolso de capital. Las distribuciones acumuladas del fondo para el año fiscal hasta la fecha muestran una desglose similar. MHI y MIO también informaron sus fuentes de distribución, siendo los ingresos netos por inversiones la fuente principal para los tres fondos.
El aviso enfatiza que los inversores no deben sacar conclusiones sobre el desempeño de inversión de los fondos a partir de estas distribuciones. Una parte de la distribución de cada fondo puede representar un reembolso de capital, que ocurre cuando se devuelve parte del dinero invertido al inversor. Los montos reales para la declaración de impuestos pueden cambiar según la experiencia de inversión de cada fondo y las regulaciones fiscales.
Pioneer Closed-End Funds는 2024년 7월에 대한 19(a) 조항에 따른 배분 출처에 대한 주주 알림을 발표했습니다. 이 보고서는 세금 면제 펀드 세 개를 다룹니다: Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI) 및 Pioneer Municipal High Income Opportunities Fund (MIO).
MAV의 현재 배분은 주당 $0.0325로, 이 중 84.3%는 순투자 수익에서, 15.7%는 자본 반환에서 발생합니다. 해당 연도 재정 기간 동안의 펀드 누적 배분도 유사한 비율을 보입니다. MHI와 MIO도 배분 출처를 보고했으며, 모든 세 개의 펀드에 대해 순투자 수익이 주요 출처로 나타났습니다.
이 알림은 투자자들이 이러한 배분으로부터 펀드의 투자 성과에 대한 결론을 도출하지 말아야 한다고 강조합니다. 각 펀드의 배분 일부는 투자자의 자본 반환을 나타낼 수 있으며, 이는 일부 투자된 자금이 투자자에게 반환될 때 발생합니다. 세금 보고를 위한 실제 금액은 각 펀드의 투자 경험 및 세금 규정에 따라 변경될 수 있습니다.
Pioneer Closed-End Funds a publié un avis aux actionnaires concernant les sources de distribution au titre de la Section 19(a) pour juillet 2024. Le rapport concerne trois fonds exonérés d'impôts : Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI) et Pioneer Municipal High Income Opportunities Fund (MIO).
Pour le MAV, la distribution actuelle de 0,0325 $ par action se compose de 84,3 % de revenus d'investissement nets et de 15,7 % de retour de capital. Les distributions cumulées du fonds pour l'année fiscale à ce jour montrent une répartition similaire. MHI et MIO ont également rapporté leurs sources de distribution, les revenus d'investissement nets étant la principale source pour les trois fonds.
L'avis souligne que les investisseurs ne doivent pas tirer de conclusions sur les performances d'investissement des fonds à partir de ces distributions. Une partie de la distribution de chaque fonds peut représenter un retour de capital, ce qui se produit lorsque certains investissements sont remis à l'investisseur. Les montants réels pour la déclaration fiscale peuvent changer en fonction de l'expérience d'investissement de chaque fonds et des réglementations fiscales.
Pioneer Closed-End Funds hat eine Mitteilung an die Aktionäre bezüglich der Verteilungsquellen unter Abschnitt 19(a) für Juli 2024 veröffentlicht. Der Bericht betrifft drei steuerbefreite Fonds: Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI) und Pioneer Municipal High Income Opportunities Fund (MIO).
Für den MAV besteht die aktuelle Verteilung von $0,0325 pro Aktie aus 84,3% aus Nettoanlageerträgen und 15,7% aus Kapitalrückzahlung. Die kumulierten Verteilungen des Fonds für das laufende Geschäftsjahr zeigen eine ähnliche Aufschlüsselung. Auch MHI und MIO haben ihre Verteilungsquellen angegeben, wobei die Nettoanlageerträge die Hauptquelle für alle drei Fonds darstellen.
Die Mitteilung betont, dass Investoren keine Schlüsse über die Anlagerendite der Fonds aus diesen Verteilungen ziehen sollten. Ein Teil der Verteilung jedes Fonds kann eine Kapitalrückzahlung darstellen, die erfolgt, wenn ein Teil des investierten Geldes an den Investor zurückgezahlt wird. Die tatsächlichen Beträge für die Steuerberichterstattung können je nach Anlagenerfahrung und steuerlichen Vorschriften jedes Fonds variieren.
- None.
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Distribution Period: July 2024
Ticker |
Tax-Exempt Funds |
Distribution Amount Per Share |
MAV |
Pioneer Municipal High Income Advantage Fund, Inc. |
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MHI |
Pioneer Municipal High Income Fund, Inc. |
|
MIO |
Pioneer Municipal High Income Opportunities Fund, Inc. |
|
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) |
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Percentage |
Total |
Percentage Make up |
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Make up of |
Cumulative |
of Total Cumulative |
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Current |
Current |
Distributions |
Distributions |
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Distribution |
Distribution |
Fiscal Year to Date |
Fiscal Year to Date |
Net Investment Income |
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Net Realized Short-Term Capital Gains |
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Net Realized Long-Term Capital Gains |
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Return of Capital |
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Total per Common Share |
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Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) |
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Percentage |
Total |
Percentage Make up |
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Make up of |
Cumulative |
of Total Cumulative |
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Current |
Current |
Distributions |
Distributions |
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Distribution |
Distribution |
Fiscal Year to Date |
Fiscal Year to Date |
Net Investment Income |
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Net Realized Short-Term Capital Gains |
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Net Realized Long-Term Capital Gains |
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Return of Capital |
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Total per Common Share |
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Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE: MIO) |
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Percentage |
Total |
Percentage Make up |
|
|
Make up of |
Cumulative |
of Total Cumulative |
|
Current |
Current |
Distributions |
Distributions |
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Distribution |
Distribution |
Fiscal Year to Date |
Fiscal Year to Date |
Net Investment Income |
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|
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Net Realized Short-Term Capital Gains |
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Net Realized Long-Term Capital Gains |
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Return of Capital |
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Total per Common Share |
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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’ 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 5,5003 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 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 |
3 Amundi data as of 3/31/2024 |
Shareholder Inquiries: Please contact your financial advisor or visit www.amundi.com/us.
Amundi Distributor US, Inc., Member SIPC
60 State Street,
©2024 Amundi Asset Management US, Inc.
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Source: Amundi US
FAQ
What is the distribution amount per share for Pioneer Municipal High Income Advantage Fund (MAV) in July 2024?
How much of MAV's current distribution comes from net investment income?
What percentage of MAV's distribution is considered return of capital?
Are the distribution rates for Pioneer Closed-End Funds guaranteed?
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