Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)
Pioneer Floating Rate Fund (NYSE: PHD) and Pioneer Municipal High Income Opportunities Fund have issued their March 2025 distribution notices under Section 19(a). The funds provide estimates of distribution sources including Net Investment Income, Net Realized Short-Term Capital Gains, Net Realized Long-Term Capital Gains, and Return of Capital.
The notice emphasizes that investors should not draw immediate conclusions about fund performance from these distributions, as portions may represent return of capital rather than income or realized gains. A return of capital occurs when invested money is returned to investors and shouldn't be considered as yield or income.
Both closed-end funds trade on the NYSE under symbols PHD and MIO. Unlike open-end funds, these closed-end funds trade on the open market and may trade below their Net Asset Value (NAV). Distribution rates are not guaranteed and can be affected by various factors, including changes in investment income and undistributed net investment income levels.
Pioneer Floating Rate Fund (NYSE: PHD) e Pioneer Municipal High Income Opportunities Fund hanno emesso i loro avvisi di distribuzione per marzo 2025 ai sensi della Sezione 19(a). I fondi forniscono stime delle fonti di distribuzione, inclusi Reddito Netto da Investimenti, Guadagni di Capitale a Breve Termine Realizzati, Guadagni di Capitale a Lungo Termine Realizzati e Restituzione di Capitale.
L'avviso sottolinea che gli investitori non dovrebbero trarre conclusioni immediate sulle performance del fondo da queste distribuzioni, poiché alcune porzioni potrebbero rappresentare restituzione di capitale piuttosto che reddito o guadagni realizzati. La restituzione di capitale si verifica quando il denaro investito viene restituito agli investitori e non dovrebbe essere considerato come rendimento o reddito.
Entrambi i fondi chiusi sono quotati alla NYSE con i simboli PHD e MIO. A differenza dei fondi aperti, questi fondi chiusi vengono scambiati sul mercato aperto e potrebbero essere scambiati a un prezzo inferiore al loro Valore Netto degli Attivi (NAV). I tassi di distribuzione non sono garantiti e possono essere influenzati da vari fattori, inclusi cambiamenti nel reddito da investimenti e livelli di reddito netto da investimenti non distribuiti.
Pioneer Floating Rate Fund (NYSE: PHD) y Pioneer Municipal High Income Opportunities Fund han emitido sus avisos de distribución de marzo de 2025 bajo la Sección 19(a). Los fondos proporcionan estimaciones de las fuentes de distribución, incluyendo Ingresos Netos de Inversión, Ganancias de Capital a Corto Plazo Realizadas, Ganancias de Capital a Largo Plazo Realizadas y Devolución de Capital.
El aviso enfatiza que los inversores no deben sacar conclusiones inmediatas sobre el rendimiento del fondo a partir de estas distribuciones, ya que algunas partes pueden representar devolución de capital en lugar de ingresos o ganancias realizadas. La devolución de capital ocurre cuando el dinero invertido se devuelve a los inversores y no debe considerarse como rendimiento o ingreso.
Ambos fondos cerrados cotizan en la NYSE bajo los símbolos PHD y MIO. A diferencia de los fondos abiertos, estos fondos cerrados se negocian en el mercado abierto y pueden cotizar por debajo de su Valor Neto de los Activos (NAV). Las tasas de distribución no están garantizadas y pueden verse afectadas por diversos factores, incluidos cambios en los ingresos de inversión y niveles de ingresos netos de inversión no distribuidos.
Pioneer Floating Rate Fund (NYSE: PHD)와 Pioneer Municipal High Income Opportunities Fund가 2025년 3월 배당 공지를 섹션 19(a)에 따라 발행했습니다. 이 펀드는 순투자소득, 실현된 단기 자본 이익, 실현된 장기 자본 이익 및 자본 반환을 포함한 배당 출처의 추정치를 제공합니다.
공지에서는 투자자들이 이러한 배당금으로부터 펀드 성과에 대해 즉각적인 결론을 내리지 말아야 한다고 강조합니다. 일부는 소득이나 실현된 이익이 아닌 자본 반환을 나타낼 수 있습니다. 자본 반환은 투자된 자금이 투자자에게 반환될 때 발생하며, 수익이나 소득으로 간주되어서는 안 됩니다.
두 개의 폐쇄형 펀드는 NYSE에서 PHD와 MIO라는 기호로 거래됩니다. 개방형 펀드와 달리, 이 폐쇄형 펀드는 시장에서 거래되며 순자산가치(NAV)보다 낮은 가격에 거래될 수 있습니다. 배당률은 보장되지 않으며, 투자 소득의 변화 및 미분배 순투자 소득 수준을 포함한 다양한 요인에 의해 영향을 받을 수 있습니다.
Pioneer Floating Rate Fund (NYSE: PHD) et Pioneer Municipal High Income Opportunities Fund ont émis leurs avis de distribution pour mars 2025 en vertu de la Section 19(a). Les fonds fournissent des estimations des sources de distribution, y compris le Revenu Net d'Investissement, les Gains en Capital à Court Terme Réalisés, les Gains en Capital à Long Terme Réalisés et le Remboursement de Capital.
L'avis souligne que les investisseurs ne doivent pas tirer de conclusions immédiates sur la performance du fonds à partir de ces distributions, car certaines parties peuvent représenter un remboursement de capital plutôt qu'un revenu ou des gains réalisés. Un remboursement de capital se produit lorsque l'argent investi est restitué aux investisseurs et ne doit pas être considéré comme un rendement ou un revenu.
Les deux fonds fermés sont cotés à la NYSE sous les symboles PHD et MIO. Contrairement aux fonds ouverts, ces fonds fermés se négocient sur le marché libre et peuvent être échangés en dessous de leur Valeur Nette d'Actifs (NAV). Les taux de distribution ne sont pas garantis et peuvent être affectés par divers facteurs, y compris les changements dans les revenus d'investissement et les niveaux de revenus nets d'investissement non distribués.
Pioneer Floating Rate Fund (NYSE: PHD) und Pioneer Municipal High Income Opportunities Fund haben ihre Ausschüttungsmitteilungen für März 2025 gemäß Abschnitt 19(a) veröffentlicht. Die Fonds geben Schätzungen der Ausschüttungsquellen an, einschließlich Nettoinvestitionserträge, realisierte kurzfristige Kapitalgewinne, realisierte langfristige Kapitalgewinne und Rückzahlung von Kapital.
Die Mitteilung betont, dass Anleger keine sofortigen Schlussfolgerungen über die Fondsleistung aus diesen Ausschüttungen ziehen sollten, da Teile davon eine Rückzahlung von Kapital und nicht Einkommen oder realisierte Gewinne darstellen können. Eine Rückzahlung von Kapital tritt auf, wenn investiertes Geld an die Anleger zurückgegeben wird und sollte nicht als Rendite oder Einkommen betrachtet werden.
Beide geschlossenen Fonds werden an der NYSE unter den Symbolen PHD und MIO gehandelt. Im Gegensatz zu offenen Fonds werden diese geschlossenen Fonds auf dem offenen Markt gehandelt und können unter ihrem Nettovermögen (NAV) gehandelt werden. Ausschüttungsraten sind nicht garantiert und können von verschiedenen Faktoren beeinflusst werden, einschließlich Veränderungen im Investitionsertrag und nicht ausgeschütteten Nettoinvestitionserträgen.
- None.
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Distribution Period: March 2025
Ticker |
Taxable Fund |
Distribution Amount Per Share |
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PHD |
Pioneer Floating Rate Fund, Inc. |
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Ticker |
Tax-Exempt Fund |
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MIO |
Pioneer Municipal High Income Opportunities Fund, Inc. |
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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 Floating Rate Fund, Inc. (NYSE: PHD)
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Percentage |
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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 |
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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 |
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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 |
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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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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 funds trade on the New York Stock Exchange (NYSE) under the following symbols: PHD 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’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/20250331172546/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 distribution period for Pioneer Floating Rate Fund (PHD) in this notice?
What are the main sources of distribution reported for PHD fund?
How does PHD's return of capital distribution affect investors?
Why might PHD fund shares trade at prices lower than NAV?
What factors can affect PHD fund's distribution rates?
