Liquidation: PIONEER MUNICIPAL HIGH INCOME ADVANTAGE FUND, INC.

Form Type: N-CSR

Filing Date: 2025-06-06

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525136570

Filing Summary: On May 6, 2025, the Board of Directors of Pioneer Municipal High Income Advantage Fund, Inc. approved a plan of liquidation for the Fund, which will be submitted to stockholders for approval at a Special Meeting. The Board recommends stockholders vote for the liquidation. This decision comes amidst various investment strategies aimed at securing income for shareholders, despite challenges posed by the Fund's leveraged exposure to the municipal bond market and recent performance metrics. The document details the annual report covering the fiscal period ending March 31, 2025, noting performance results, benchmarks, and portfolio management discussions. Throughout the fiscal year, the Fund maintained a focus on high-yield municipal bonds while reflecting changes in market value and distribution rates through the reporting period, leading to a significant decision for liquidation awaiting stockholder approval at an upcoming meeting.