Liquidation: PIONEER MUNICIPAL HIGH INCOME ADVANTAGE FUND, INC.

Form Type: N-CSR/A

Filing Date: 2025-07-21

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525161949

Filing Summary: Pioneer Municipal High Income Advantage Fund, Inc. has revised its Form N-CSR for the period ending March 31, 2025, updating its proxy voting policies and procedures. The Board of Directors approved a plan of liquidation to be submitted for stockholders' approval. Stockholders are advised to vote in favor of the liquidation at a Special Meeting. The Fund's performance report indicates a return of 1.15% at NAV and 7.25% at market price for the twelve-month period ending March 31, 2025. The report includes updates on the Fund's investment strategies, distributions, and market outlook, highlighting changes in credit quality and investment focus due to market conditions. The Fund reported an increased distribution rate and discusses its leverage position.

Form Type: N-23C-2

Filing Date: 2025-07-17

Corporate Action: Liquidation

Type: New

Accession Number: 000168386325005839

Filing Summary: Pioneer Municipal High Income Advantage Fund, Inc. submitted a notice regarding its intention to redeem securities under Rule 23C-2 of the Investment Company Act of 1940. The company plans to redeem its Variable Rate MuniFund Term Preferred Shares, Series 2021 (CUSIP No. 723762 407), with a par value of $0.01 and a liquidation preference of $100,000 per share. The redemption is set to occur on August 18, 2025, for all 500 outstanding VMTP Shares. The redemption is authorized in accordance with Section 2.6(c) of the Articles of Amendment to Articles Supplementary of the Fund.

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.