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Pioneer Municipal High Income A Message Board

  • dvddvddvd2008 dvddvddvd2008 Jan 1, 2013 4:45 PM Flag

    MAV will continue to trade over $15 range in 2013

    MAV closes the year above $15 as I expected and will continue to trade above $15 in 2013. There will be temporary dips to $14 when talk of amending the tax benefits of Muni's scare investors but we could also see a spke above $16 when these fears are resolved. My other Muni investments have done well over the years but MAV has been my best high yield Muni investment.

    Sentiment: Strong Buy

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    • MAV has been a good fund for me also but you need to take a closer look at the financials. For the last year MAV's NII has averaged .078 versus a dividend of .095. That has not been too much cause for concern since MAV had a large reserve of undistributed net investment income. However that reserve has gone from .68 to .389 to .279 as of their last financial report. You might want to lighten up on MAV and consider buying some MHI which is covering its dividend. As good as MAV has been, things change and the financials don't lie. If the current trend continues look for MAV to reduce its dividend to .08 or .078 just after its next financial report.

13.46-0.54(-3.86%)Feb 5 4:02 PMEST