Amundi US Announces Monthly Distributions for Six Pioneer Closed-End Funds
Amundi US has officially declared the dividends for six Pioneer closed-end funds for March 2025, continuing its commitment to providing consistent distributions to investors. These funds encompass both taxable and tax-exempt investment strategies, offering shareholders exposure to diversified income sources.
Key Dividend Declaration Dates
The relevant dates for the declared dividends are as follows:
- Ex-Date: March 14, 2025
- Record Date: March 14, 2025
- Payable Dates:
- March 31, 2025: Pioneer Diversified High Income Fund, Inc. (HNW), Pioneer Floating Rate Fund, Inc. (PHD), Pioneer High Income Fund, Inc. (PHT), Pioneer Municipal High Income Fund, Inc. (MHI), and Pioneer Municipal High Income Opportunities Fund, Inc. (MIO)
- April 1, 2025: Pioneer Municipal High Income Advantage Fund, Inc. (MAV)
Breakdown of Declared Distributions
Amundi US has detailed the per-share distributions for each fund along with their tax status and any changes from the previous month. Below is a breakdown of the taxable and tax-exempt funds:
Taxable Funds Distributions
| Ticker | Fund Name | Distribution Per Share | Change from Previous Month |
|---|---|---|---|
| HNW | Pioneer Diversified High Income Fund, Inc. | $0.1000 | No Change |
| PHD | Pioneer Floating Rate Fund, Inc. | $0.07501 | No Change |
| PHT | Pioneer High Income Fund, Inc. | $0.0550 | No Change |
Tax-Exempt Funds Distributions
| Ticker | Fund Name | Distribution Per Share | Change from Previous Month |
| MAV | Pioneer Municipal High Income Advantage Fund, Inc. | $0.03251 | No Change |
| MHI | Pioneer Municipal High Income Fund, Inc. | $0.0350 | No Change |
| MIO | Pioneer Municipal High Income Opportunities Fund, Inc. | $0.05001 | No Change |
Fund Market Data and Distribution Rates
As of March 3, 2025, the funds’ closing market prices and Net Asset Values (NAV) have been recorded, providing insight into their current valuation and distribution rates. The Market Price Distribution Rate is calculated by annualizing the declared monthly distribution Amundi US per share and dividing it by the market price. Similarly, the NAV Distribution Rate is computed by dividing the annualized distribution per share by the NAV per share.
Market Price, NAV, and Distribution Rates
| Fund | Market Price | Market Price Distribution Rate | NAV | NAV Distribution Rate |
| Pioneer Diversified High Income Fund, Inc. (HNW) | $11.98 | 10.02% | $12.78 | 9.39% |
| Pioneer Floating Rate Fund, Inc. (PHD) | $9.60 | 9.38% | $10.23 | 8.80% |
| Pioneer High Income Fund, Inc. (PHT) | $7.86 | 8.40% | $8.36 | 7.89% |
| Pioneer Municipal High Income Advantage Fund, Inc. (MAV) | $8.68 | 4.49% | $9.22 | 4.23% |
| Pioneer Municipal High Income Fund, Inc. (MHI) | $9.45 | 4.44% | $10.07 | 4.17% |
| Pioneer Municipal High Income Opportunities Fund, Inc. (MIO) | $12.20 | 4.92% | $12.92 | 4.64% |
Important Tax Considerations
Amundi US has provided additional insights into the tax implications of these distributions. It is currently believed that a portion of the funds’ current monthly distributions may originate from sources other than net investment income. In such cases, shareholders will receive separate written notices detailing the estimated breakdown of income sources. These notices serve as informational tools and should not be used for tax reporting purposes.
The final tax characteristics of the funds’ distributions will be determined after the conclusion of their fiscal years and subsequently reported to shareholders. Notably, any return of capital included in a distribution does not represent income or capital gains from the fund’s investments and should not be misconstrued as a yield or income.
Understanding Closed-End Funds and Their Trading Platforms
The six funds declared by Amundi US operate as closed-end investment companies. Unlike open-end mutual funds, which continuously issue and redeem shares, closed-end funds trade on exchanges like stocks. This structure allows them to trade at premiums or discounts relative to their NAVs based on market demand and investor sentiment.
Among the six funds, five trade on the New York Stock Exchange (NYSE) under the following ticker symbols: PHD, PHT, MAV, MHI, and MIO. The Pioneer Diversified High Income Fund, Inc. (HNW), however, is listed on the NYSE American (NYSEAMER).
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. Boston is one of Amundi’s six main global investment hubs2 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 5,7003 team members and market professionals in 35 countries3. A subsidiary of the Crédit Agricole group and listed on the Paris stock exchange, Amundi currently manages approximately $2.325 trillion of assets3.
Amundi, a Trusted Partner, working every day in the interest of our clients and society.
