Pioneer Closed-End Funds Postpone March 26, 2025 Special Meeting of Stockholders

The Pioneer Municipal High Income Advantage Fund, Inc. (MAV), Pioneer Municipal High Income Fund, Inc. (MHI), and Pioneer Municipal High Income Opportunities Fund, Inc. (MIO) have postponed their March 26, 2025 special meeting of stockholders to give shareholders more time to vote. The rescheduled meeting date, time, and location will be announced in due course. The board of directors fixed February 4, 2025 as the record date for the meeting.

The Pioneer Municipal High Income Advantage Fund, Inc. (MAV), Pioneer Municipal High Income Fund, Inc. (MHI), and Pioneer Municipal High Income Opportunities Fund, Inc. (MIO) have recently announced the postponement of their March 26, 2025 special meeting of stockholders [1]. This decision comes as a result of the board of directors providing shareholders with additional time to vote on various matters related to these funds.

These closed-end funds, managed by Pioneer Investment Management, Inc., primarily invest in the fixed income markets of the United States, with a focus on municipal bonds [1]. The funds benchmark their performance against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index [1]. With a combined net asset value of approximately $1.2 billion [1], these funds offer investors exposure to a diversified portfolio of municipal bonds, providing tax-exempt income distributions [1].

The Pioneer Municipal High Income Funds have experienced recent changes in portfolio management. In February 2024, Amundi US announced portfolio management changes for these funds, effective February 28, 2024 [2]. These changes aim to enhance the funds' investment strategies and performance.

The postponement of the special meeting is not an uncommon occurrence in the world of closed-end funds. In November 2023, The Month In Closed-End Funds reported that both equity and bond funds experienced a high number of postponements due to various reasons, including changes in market conditions and the need for additional time to gather necessary information [3].

While the exact reasons for the postponement of the Pioneer Municipal High Income Funds' special meeting are not yet clear, it is important for investors to stay informed about any developments related to these funds. Shareholders are encouraged to monitor the funds' websites and other relevant sources for updates on the rescheduled meeting date, time, and location [1].

References:

[1] Business Wire. Pioneer Closed-End Funds Postpone Special Meeting of Stockholders. March 24, 2025. https://www.businesswire.com/news/home/20250324005929/en/
[2] Business Wire. Amundi US Announces Portfolio Management Changes for Pioneer Municipal Closed-End Funds. February 28, 2024. https://www.businesswire.com/news/home/20240228005269/en/
[3] The Month In Closed-End Funds: November 2023. November 1, 2023. https://www.closedendfund.com/the-month-in-closed-end-funds-november-2023/