12-19-17 4:05 PM EST | Email Article

Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-End Funds

Amundi Pioneer Asset Management today announced the declaration of dividends for two Pioneer closed-end funds for December.

   
Ex Date: December 28, 2017
Record Date: December 29, 2017
Payable: January 5, 2018
 

Ticker

   

Taxable Funds

       

Distribution
Per Share

   

Change From
Previous Month

PHD Pioneer Floating Rate Trust $0.0600 -
PHT Pioneer High Income Trust $0.0650 -
       

Market
Price

Market Price
Distribution Rate

NAV

NAV

Distribution Rate

Pioneer Floating Rate Trust $11.42 6.30% $12.36 5.83%
Pioneer High Income Trust $9.67 8.07% $10.76 7.25%
 

The closing market price and NAV are based on data as of December 18, 2017. The Market Price Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the market price. The NAV Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the NAV per share.

All funds are closed-end investment companies. PHD and PHT trade on the New York Stock Exchange (NYSE).

Amundi Pioneer Asset Management, Inc. is each fund’s investment adviser. On July 3, 2017, the name of the adviser was changed from Pioneer Investment Management, Inc., coinciding with its acquisition by Amundi. As a result of the transaction, Amundi Pioneer Asset Management, Inc. became an indirect wholly owned subsidiary of Amundi. Amundi, one of the world’s largest asset managers, is headquartered in Paris, France.

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. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions. 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 Pioneer's closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.

About Amundi Pioneer Asset Management

Amundi Pioneer Asset Management (Amundi Pioneer) references the U.S. business of the Amundi group of companies, Europe’s largest asset manager by assets under management and among the top ten global asset managers1. Amundi Pioneer was formed in 2017 as part of the acquisition of Pioneer Investments by Amundi, and includes the operations of Amundi Pioneer Asset Management USA, Inc., based in Boston, and Amundi Smith Breeden, based in Durham, N.C. Incorporating the expertise of the regional hub in Durham, Boston is one of Amundi’s six main investment hubs. In addition to investment management activities, Amundi Pioneer offers and services a wide array of investment solutions for institutional and private investors globally. Amundi Pioneer Asset Management, Inc. (formerly, Pioneer Investment Management, Inc.) is an investment adviser subsidiary of Amundi Pioneer Asset Management USA, Inc.

Pioneer Investments was founded in 1928 by Philip L. Carret and has been a leading innovator in global asset management since its inception. Amundi Smith Breeden, founded as Smith Breeden Associates in 1982, is a highly regarded relative value credit investor managing an extensive range of fixed-income strategies tailored to the needs of institutional investors. In aggregate, Amundi Pioneer Asset Management offers a broad range of fixed-income, equity and multi-asset investment solutions. A focus on proprietary research, robust risk management, disciplined investment processes, and close partnerships with clients has made the firms that comprise Amundi Pioneer investment managers of choice among leading institutional and individual investors worldwide. Amundi Pioneer had approximately $88.1 billion in assets under management as of September 30, 2017.

Visit amundipioneer.com or amundismithbreeden.com for more information.

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Shareholder Inquiries: Please contact your financial advisor or visit amundipioneer.com.
Broker/Advisor Inquiries Please Contact: 800-622-9876
Media Inquiries Please Contact: Geoff Smith, 617-422-4727

Amundi Pioneer Distributor, Inc., Member SIPC
© 2017 Amundi Pioneer Asset Management

1 Source IPE “Top 400 asset managers” published in June 2017 and based on AUM as of end December 2016.

Amundi Pioneer Asset Management
Geoff Smith, 617-422-4758
geoff.smith@amundipioneer.com

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