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Pioneer Municipal High Income A Message Board

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  • Reply to

    Why a down day for MAV?

    by fiat Apr 16, 2014 4:50 PM

    It has a consistent yield of .095/mo, near 8% at current SP; but it has not increased in quite awhile. There was perhaps a bit of premium in the SP because it was raising the divvy prior to 2012. From a tax perspective especially, it may be smart to sell and buy back later. Tax on capgain but not on yield plus very unlikely to go back up now but may fall further, on technicals.

  • Reply to

    Why a down day for MAV?

    by fiat Apr 16, 2014 4:50 PM

    No news that I see; but went down on large volume. Perhaps on rumor or institutions? Perhaps we will find out in the next day or so? I am in no hurry to buy; with the large down volume recovery anytime soon is unlikely. More likely is a continued slump untill the news, if any, is known. Looking at the chart, it is due for a big fall.

  • Reply to

    Why a down day for MAV?

    by fiat Apr 16, 2014 4:50 PM

    I have a bunch of MAV & MVF shares. My portfolio value dropped $14,000. yesterday. MVF did lower the next div. by .003, but MAV did not change their next distribution. There have been warnings about Muni CEF's holding Tobacco Tax Bonds as well as Puerto Rico Bonds. I did a quick check of their portfolios and neither show any of these issues are held.

    They do fluctuate quite a lot based on rate moves. Look at their 25 year charts and you will see it there. I own for the income, nearly 8% for me based on my cost.. I still have a decent profit position in both of these. I use all of the monthly, transferring it out as soon as it is deposited. If anyone else watching here hears of the reason for the crash, let us hear from you. I see no reason for panic, though it is discouraging to see the dist. drop probably due to the portfolio mgr. making some changes.

MAV
15.05+0.03(+0.20%)Aug 28 4:00 PMEDT

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