US Closed Pioneer Funds Move to Maryland

BOSTON – (BUSINESS WIRE) – April 7, 2021

The board of each of the Pioneer Diversified High Income Trust (NYSE American: HNW), Pioneer Floating Rate Trust (NYSE: PHD), Pioneer High Income Trust (NYSE: PHT), Pioneer Municipal High Income Advantage Trust (NYSE: MAV), and Pioneer Municipal Fund High Income High Income (NYSE: MHI) (“the Fund”) announced today that it has voted to re-domicile the Fund from a Delaware statutory trust to a Maryland corporation (“re-domiciliation” in each case).

The name of each fund will change due to the re-domiciliation as follows:

Amundi Asset Management US, Inc. will continue to act as an investment advisor to each fund after redomiciling. As a result of the re-domiciliation of the Fund, there will be no changes in the investment objective and strategy of the Fund, the portfolio management team, policies and procedures, or the members of the Board of Directors who oversee the Fund.

For each fund, redomiciling will be accomplished through the compulsory merger of the current Delaware statutory trust with the newly formed Maryland corporation created for the purpose of redomiciling. For each fund, each outstanding beneficial interest share of a Delaware statutory trust will automatically be converted into one Maryland corporation common share. The direct result of the Fund’s re-domiciliation will not entail tax consequences for the Fund or its shareholders. The re-domiciling of each fund is expected to be completed in mid-April.

Following the re-domiciliation of each fund, shareholder rights will be governed by the Maryland General Corporations Act and the Articles of Association and Articles of the Fund. The board of each fund has decided that the Fund will be subject to the Maryland Controlling Share Act (the “Controlling Share Act”) following redomiciliation, as reflected in the Articles of Association of each fund.

The Control Shares Act protects the interests of all shareholders, generally providing that any holder of “control shares” acquired in the “acquisition of control shares” may not exercise voting rights in respect of “control shares”, unless approved by a vote of two thirds of all votes cast on this issue. Generally, “control shares” are shares that, when combined with shares already held by the acquirer, entitle the acquirer to use 10% or more, 33 1/3% or more, or a majority of the total voting rights voting shares in the election of directors. The Controlling Law provides that “acquisition of a controlling interest” does not include the acquisition of shares in a merger, consolidation or exchange of shares. Thus, a fund shareholder who acquires shares in a successor fund as a result of a fund merger will be able to exercise voting rights in respect of those shares even if the number of such shares acquired by the shareholder in the merger exceeds one or more of the thresholds of the Controlling Share Act.

The above description of the Controlling Share Law is only a summary and does not purport to be complete. Investors should consult the current provisions of the Controlled Shares Law for more information, including definitions of key terms, various exceptions and exclusions from the scope of the law, and the procedures by which shareholders can approve the restoration of voting rights to holders of “controlling shares”. … “

About funds

The Pioneer Diversified High Income Trust is a closed-end fund, listed on the NYSE, which aims to achieve a high current income. He also views capital gains as a secondary goal to the extent that it is consistent with his primary goal.

The Pioneer Floating Rate Trust is a closed-end fund, listed on the NYSE, that aims to achieve high current income by investing primarily in floating rate loans. He also views the preservation of capital as a secondary concern to the extent that this is consistent with its primary purpose.

The Pioneer High Income Trust is a closed-end fund, listed on the NYSE, that aims to achieve high current income by investing in a portfolio of sub-investment grade bonds and convertible securities. He also sees capital gains as a secondary goal.

The Pioneer Municipal High Income Advantage Trust is a closed-end fund listed on the NYSE that seeks to generate high current income that is exempt from regular federal income tax. He also sees capital gains as a secondary goal.

The Pioneer Municipal High Income Trust is a closed-end fund, listed on the NYSE, that seeks to generate high current income that is exempt from regular federal income tax. He also sees capital gains as a secondary goal.

Please note that distribution speed is not guaranteed. A fund’s allocation ratio can be influenced by many factors, including changes in actual or projected investment income, the level of retained net investment income, if any, and other factors. Shareholders are not required to draw any conclusions about the investment performance of the fund based on the fund’s current distributions. Closed-end funds, unlike open-ended funds, are not constantly offered. Once issued, ordinary shares of closed-end funds are bought and sold on the open market through the stock exchange and are often traded at prices lower than their net worth. Net Asset Value (NAV) is the sum of total assets less total liabilities divided by the number of ordinary shares outstanding. For data on the performance of Amundi US closed-end funds, call 800-225-6292 or visit our Closed Pricing page.

About Amundi USA

Amundi US is the American business of Amundi, Europe’s largest asset manager in terms of assets under management and one of the ten largest in the world. [1]… Boston is one of the six major global investment hubs in Amundi. [2] and offers a wide range of fixed income, equity and multi-asset investment solutions in close collaboration with asset management firms, distribution platforms and institutional investors in the Americas, Europe and the Asia-Pacific region.

With our financial and off-budget research capabilities and a long-standing commitment to responsible investing, Amundi is a key player in the asset management arena. Amundi customers benefit from the experience and advice of 4,500 employees in nearly 40 countries. Amundi, a subsidiary of the Crédit Agricole group and listed on the Paris Stock Exchange, currently manages approximately US $ 2.1 trillion in assets. [3]…

Amundi, a trusted partner working every day for the benefit of our customers and society.

www.amundi.com/us

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Amundi Distributor US, Inc., SIPC member

(Formerly Amundi Pioneer Distributor, Inc.)

60 State Street, Boston, Massachusetts 02109

© 2021 Amundi Asset Management US, Inc.

See the original version at businesswire.com: https://www.businesswire.com/news/home/20210407005301/en/

CONTACT: Shareholder Inquiries: Contact your financial advisor or visit www.amundi.com/us.

For broker / advisor inquiries, please contact: 800-622-9876

For media inquiries contact: Jeff Smith, 617-504-8520

KEYWORD: MASSACHUSETS, NORTH AMERICA USA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCING

SOURCE: Amundi Asset Management US, Inc.

Copyright by Business Wire 2021.

PUB: 04/07/2021 09:00 / DISK: 04/07/2021 09:00

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