STOCK TITAN

Pioneer Municipal High Income Advantage Fund, Inc. - MAV STOCK NEWS

Welcome to our dedicated page for Pioneer Municipal High Income Advantage Fund news (Ticker: MAV), a resource for investors and traders seeking the latest updates and insights on Pioneer Municipal High Income Advantage Fund stock.

Pioneer Municipal High Income Advantage Fund, Inc. (MAV) is a closed-end fund strategically designed to deliver high current income exempt from regular federal income tax. As a secondary objective, it aims to seek capital appreciation. The fund predominantly invests in debt securities and other obligations issued by or on behalf of states, territories, and possessions of the United States, the District of Columbia, and their political subdivisions, agencies, and instrumentalities. The interest on these investments is exempt from regular federal income tax.

Managed by Amundi US, MAV focuses on optimizing returns while maintaining a diversified portfolio. Recent achievements include strategic investments in high-yield municipal bonds and an emphasis on managing risk through thorough credit analysis. MAV consistently reviews and adjusts its portfolio to align with market conditions and economic forecasts, ensuring robust performance.

Currently, MAV is involved in several key projects aimed at enhancing the fund's value and stability. These include targeted investments in infrastructure development and public service projects across various states. The fund's financial condition remains strong, supported by a disciplined approach to asset management and a commitment to maximizing shareholder value.

Partnerships with local governments and agencies play a critical role in MAV's strategy, providing access to a wide range of investment opportunities. By leveraging these relationships, MAV can secure favorable terms and diversify its holdings effectively.

Overall, Pioneer Municipal High Income Advantage Fund, Inc. is a solid choice for investors seeking tax-exempt income and potential capital appreciation through a well-managed and diversified portfolio of municipal securities.

Rhea-AI Summary

Pioneer Closed-End Funds released a notice to shareholders detailing the sources of distributions for June 2024 and the fiscal year to date. The funds highlighted are Pioneer Municipal High Income Advantage Fund (MAV), Pioneer Municipal High Income Fund (MHI), and Pioneer Municipal High Income Opportunities Fund (MIO). For MAV, the June distribution of $0.0325 per share comprises 88.0% Net Investment Income and 12.0% Return of Capital. Year-to-date, MAV's distributions total $0.0975 per share with similar composition. MHI's June distribution is $0.0350 per share, consisting of 84.9% Net Investment Income and 15.1% Return of Capital, totaling $0.0700 per share year-to-date. MIO's June distribution is $0.0500 per share, with 82.6% Net Investment Income and 17.4% Return of Capital, totaling $0.1000 per share year-to-date. These distributions are estimates and not for tax reporting purposes.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
none
-
Rhea-AI Summary

Pioneer Closed-End Funds reported distribution sources for May 2024 and the fiscal year to date. For May 2024, the Pioneer Municipal High Income Fund (MHI) distributed $0.0350 per share, with 84.3% from Net Investment Income and 15.7% from Return of Capital. Pioneer Municipal High Income Advantage Fund (MAV) distributed $0.0325 per share, with 83.7% from Net Investment Income and 16.3% from Return of Capital. Pioneer Municipal High Income Opportunities Fund (MIO) distributed $0.0500 per share, with 80% from Net Investment Income and 20% from Return of Capital. These distributions do not necessarily reflect the funds' investment performance and may include returns of capital. The funds trade under the symbols MAV, MHI, and MIO and are subject to market factors affecting distribution rates.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
none
-
Rhea-AI Summary

The press release by Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) reports the sources of distribution for April 2024 and the fiscal year to date. The fund distributed $0.0325 per share, with 82.8% coming from net investment income and 17.2% from return of capital. It notes that returns of capital may not represent income or realized capital gains. The report emphasizes that distribution rates are not guaranteed, and the fund is traded on NYSE under the ticker symbol MAV.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
none
Rhea-AI Summary
Pioneer Municipal High Income Advantage Fund, Inc. (MAV) reported a distribution of $0.0310 per share for March 2024, with a breakdown of sources including Net Investment Income, Return of Capital, and more. The fund's cumulative distributions for the fiscal year to date were $0.3480 per share, showcasing a mix of income and capital gains.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
none
-
Rhea-AI Summary
Pioneer Municipal High Income Fund, Inc. (MHI) reported a distribution amount of $0.0275 per share for February 2024. The fund's distribution makeup includes 60.4% from Net Investment Income, 0% from Short-Term Capital Gains, 0% from Long-Term Capital Gains, and 39.6% from Return of Capital. The cumulative distributions for the fiscal year to date stand at $0.2900 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
-
Rhea-AI Summary
Amundi US announces portfolio management changes for Pioneer Municipal High Income Fund, Inc. (MHI) along with two other funds. The new managers are John Crosby van Roden III and Prakash Vadlamani effective February 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
management
Rhea-AI Summary
Pioneer Municipal High Income Advantage Fund, Inc. (MAV) and Pioneer Municipal High Income Fund, Inc. (MHI) reported distribution sources and amounts for January 2024. MAV distributed $0.0275 per share, with 82.2% from net investment income and 17.8% from return of capital. MHI also distributed $0.0275 per share, with 93.5% from net investment income and 6.5% from return of capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
-
Rhea-AI Summary
Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) and Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) reported sources of distribution for December 2023 and this fiscal year to date, with MAV distributing $0.0275 per share and MHI distributing $0.0275 per share. The distributions were sourced from net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
none
-
Rhea-AI Summary
Pioneer Municipal High Income Advantage Fund, Inc. (MAV), Pioneer Municipal High Income Fund, Inc. (MHI), and Pioneer Municipal High Income Opportunities Fund, Inc. (MIO) reported sources of distribution for November 2023. MAV and MHI distributed $0.0275 per share, while MIO distributed $0.0425 per share. The distribution sources include net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. MAV's distribution makeup is 86.9% net investment income and 13.1% return of capital, MHI's makeup is 96.0% net investment income and 4.0% return of capital, and MIO's makeup is 97.6% net investment income and 2.4% return of capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
Tags
none
Rhea-AI Summary
Three closed-end funds, HNW Pioneer Diversified High Income Fund, MAV Pioneer Municipal High Income Advantage Fund, and MHI Pioneer Municipal High Income Fund, reported their sources of distribution for July 2023. HNW distributed $0.0900 per share, MAV distributed $0.0300 per share, and MHI distributed $0.0325 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
none

FAQ

What is Pioneer Municipal High Income Advantage Fund, Inc. (MAV)?

MAV is a closed-end fund designed to provide high current income exempt from regular federal income tax and seeks capital appreciation.

What does MAV invest in?

MAV predominantly invests in debt securities and other obligations issued by or on behalf of U.S. states, territories, and political subdivisions, which are exempt from regular federal income tax.

Who manages MAV?

The fund is managed by Amundi US, a leading asset management company.

What are the fund’s primary and secondary objectives?

The primary objective is to provide high current income exempt from federal income tax, with a secondary goal of seeking capital appreciation.

How does MAV manage risk?

MAV employs a thorough credit analysis to manage risk and ensure a diversified portfolio suited to varying market conditions.

What recent projects is MAV involved in?

MAV is actively investing in infrastructure development and public service projects across various states to enhance value and stability.

How does MAV maintain a strong financial condition?

Through disciplined asset management and strategic portfolio adjustments, MAV ensures robust performance and financial stability.

What role do partnerships play in MAV’s strategy?

Partnerships with local governments and agencies provide MAV with access to a wide range of investment opportunities and favorable terms.

Is the income from MAV investments taxable?

The income generated from MAV's investments is generally exempt from regular federal income tax.

What makes MAV a suitable investment option?

MAV is ideal for investors seeking tax-exempt income and potential capital appreciation through a diversified and well-managed portfolio of municipal securities.

Pioneer Municipal High Income Advantage Fund, Inc.

NYSE:MAV

MAV Rankings

MAV Stock Data

200.88M
23.91M
46.81%
0.04%
Asset Management
Financial Services
United States of America
Boston