Fitch Affirms Preferred Share Ratings of 2 Pioneer Municipal Closed End Funds at 'AAA'

NEW YORK--(BUSINESS WIRE)--

Fitch Ratings has affirmed the 'AAA' ratings assigned to the following auction market preferred shares (AMPS) issued by Pioneer Municipal High Income Trust (NYSE: MHI - News) and Pioneer Municipal High Income Advantage Trust (NYSE: MAV - News), both of which are leveraged municipal closed-end funds advised by Pioneer Investments Management (Pioneer):

Pioneer Municipal High Income Trust (MHI):

--$50,000,000 of auction market preferred shares, series A, with a liquidation preference of $25,000 per share;

--$51,000,000 of auction market preferred shares, series B, with a liquidation preference of $25,000 per share.

Pioneer Municipal High Income Advantage Trust (MAV):

--$75,000,000 of auction market preferred shares, series A, with a liquidation preference of $25,000 per share;

--$75,000,000 of auction market preferred shares, series B, with a liquidation preference of $25,000 per share.

KEY RATING DRIVERS

The 'AAA' rating affirmations reflects:

See more here:
Fitch Affirms Preferred Share Ratings of 2 Pioneer Municipal Closed End Funds at 'AAA'

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