MIO Overview

Liquidation Announcement: Pioneer Municipal High Income Advantage Fund, Inc. (MAV), Pioneer Municipal High Income Fund, Inc. (MHI), and Pioneer Municipal High Income Opportunities Fund, Inc. (MIO) announced their liquidation effective August 22, 2025, with trading ceasing on the New York Stock Exchange by August 25, 2025.

Distribution Details: The primary liquidating distributions are expected to be paid in cash on August 27, 2025, with specific amounts per common share outlined for each fund.

Tax Implications: Liquidation distributions will generally be taxable events for stockholders, potentially resulting in capital gains or losses based on the difference between the distribution received and the adjusted basis in the shares.

Investment Risks: Investors are advised to understand the risks associated with investments and consult qualified tax and financial experts regarding their specific circumstances, as distribution rates are not guaranteed and can fluctuate.

Liquidation Announcement: Pioneer Municipal High Income Advantage Fund, Inc., Pioneer Municipal High Income Fund, Inc., and Pioneer Municipal High Income Opportunities Fund, Inc. have announced the approval of their liquidation and dissolution by stockholders during a special meeting held on July 17, 2025.

Distribution Timeline: The funds plan to liquidate their portfolios and distribute cash to stockholders, with the last trading day expected around August 22, 2025, and primary distributions anticipated on or about August 27, 2025, while noting that these transactions may result in taxable events for shareholders.

Dividend Declaration: Pioneer closed-end funds announced dividends for July 2025, with an ex-date and record date of July 18, and payable on July 31. The distributions vary across different funds, including taxable and tax-exempt options.

Liquidation Plan: Each fund's Board approved a liquidation plan to be voted on by shareholders at a Special Meeting on July 17, 2025, leading to the suspension of the Automatic Dividend Reinvestment Plan effective July 1, 2025.

Liquidation Announcement: The Boards of several Pioneer Funds have approved a plan for liquidation, which will be submitted to stockholders for approval at a Special Meeting. They recommend that stockholders vote in favor of the liquidation.

Investment Advisory Changes: Following a merger involving Amundi Asset Management and Victory Capital, the Funds entered into an interim investment advisory agreement with Victory Capital after failing to secure enough votes for a new advisory agreement prior to the merger's closing.

Dividend Declaration: Pioneer Investments announced dividends for six closed-end funds, with an ex-date and record date of May 16, 2025, and payments scheduled for May 30, 2025.

Investment Risks: The announcement emphasizes the risks associated with investments in closed-end funds, including potential losses and the importance of consulting financial experts for personalized advice.

Dividend Declaration: Pioneer Investments announced dividends for six closed-end funds, with ex-date and record date set for April 17, 2025, and payment scheduled for April 30 and May 1, 2025.

Market Performance: The market prices and distribution rates of the funds were provided, highlighting that closed-end funds trade on exchanges and may not reflect their net asset value.