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Pioneer Floating Rate Fund (NYSE: PHD) has announced its November 2024 distribution of $0.0850 per share. The distribution breakdown shows 88.2% ($0.0750) comes from Net Investment Income and 11.8% ($0.0100) from Return of Capital. For the fiscal year to date, cumulative distributions total $1.1025 per share, with 98.4% from Net Investment Income and 1.6% from Return of Capital. The fund trades on the NYSE and reminds investors that distribution rates are not guaranteed and may be affected by various factors.
Pioneer Floating Rate Trust (NYSE: PHD) has announced its distribution amount of $0.0625 per share for January, which is entirely sourced from net investment income, accounting for 100% of the distribution. This fiscal year to date, the cumulative distribution per share stands at $0.1250, with net investment income contributing 95.4%. The trust indicates that a portion of the distribution may be classified as a return of capital, which does not reflect investment performance. The announced figures are not final for tax reporting and may change based on future investment performance.
Pioneer Floating Rate Trust (NYSE: PHD) has concluded its tender offer for up to 50% of its outstanding common shares, expiring on December 22, 2020. The Fund accepted 12,369,087 shares, approximately 50% of its total shares, at a price of $11.0616, which is 98.5% of the net asset value of $11.23 as of December 23, 2020. Due to oversubscription, shares are subject to pro-ration, with 86.4% of the tendered shares accepted. Payments for the accepted shares will occur by December 28, 2020.
Pioneer Floating Rate Trust (NYSE: PHD) has announced the expiration of its tender offer for up to 50% of its outstanding common shares, which concluded on December 22, 2020. Approximately 14,319,731 shares were tendered. Shares accepted in the tender offer will be bought at 98.5% of the net asset value as of December 23, 2020, with payments expected around December 28, 2020. Unaccepted shares will remain outstanding. The Fund aims for current income and capital preservation.
Pioneer Floating Rate Trust (NYSE: PHD) has announced its distribution for December 2020, set at $0.0625 per share. The distribution comprises 90.9% from Net Investment Income, and 9.1% as Return of Capital. The fund cautions that not all amounts reflect investment performance, and returns of capital could occur. These distributions are estimates and not intended for tax reporting. PHD's investment performance is influenced by factors including undistributed net investment income and market conditions.
Pioneer Floating Rate Trust (NYSE: PHD) has announced the distribution sources for November, reporting a total distribution amount of $0.0625 per share. This total comprises $0.0398 from Net Investment Income (63.7%) and $0.0227 from Return of Capital (36.3%). For the fiscal year to date, cumulative distributions amount to $0.7425 per share, made up of 94.2% from Net Investment Income. The distribution rates are subject to change and are not guaranteed. Investors should consider that some distributions may not reflect income or realized capital gains.
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