Shares of each series of the fundís outstanding AMPS will be redeemed in accordance with the schedule below. The redemption price will be equal to the liquidation preference per share (sometimes referred to as ďat parĒ) of each series of AMPS, plus accumulated but unpaid dividends as of the applicable redemption date.
After the refinancing is completed, the fund will continue to employ financial leverage for investment purposes. At this time, Pioneer does not expect the refinancing to affect the fundís monthly distribution rate per common share.
Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, 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.
Member of the
Register of Banking Groups
Shareholder Inquiries: Please contact your financial advisor or visit us.pioneerinvestments.com.
Media Inquiries Please Contact:
Broker/Advisor Inquiries Please Contact: 800-622-9876
Source: Pioneer Investments