The Pioneer closed-end funds listed below today announced the declaration of dividends for July 2025.

If any Fund estimates that any portion of its distribution may be comprised of amounts from sources other than net investment income, the Fund will provide shareholders a separate written notice. These notices are provided for informational purposes only, and should not be used for tax reporting purposes. The final determination of tax characteristics of each Fund’s distributions will occur after the end of its fiscal year, at which time it will be reported to shareholders. A return of capital is not a distribution of income or capital gains from the Fund, does not necessarily reflect the Fund's investment performance, and should not be considered "yield" or "income."

­The closing market price and NAV are based on data as of July 2, 2025. The Market Price Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the market price. The NAV Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the NAV per share.

Please note: On May 8, 2025, the Funds announced that each Fund’s Board of Directors (the “Board”) approved a plan of liquidation of the Fund. The liquidation plan will be submitted to Fund stockholders for approval at a Special Meeting to be held on July 17, 2025. Each Fund has filed a proxy statement with the U.S. Securities and Exchange Commission with respect to the proposal to liquidate the Fund. In light of the Board’s approval of a liquidation plan for each Fund, each Fund has suspended its Automatic Dividend Reinvestment Plan for common stock, effective July 1, 2025.

The funds are closed-end investment companies. Five of the funds trade on the New York Stock Exchange (NYSE) under the following symbols: PHD, PHT, MAV, MHI, and MIO; HNW trades on the NYSE American (NYSEAMER).

Investments involve risk including possible loss of principal, and an investment should be made with an understanding of the risks involved with owning a particular security or asset class. Interested parties are strongly encouraged to seek advice from qualified tax and financial experts regarding the best options for your particular circumstances.

Victory Capital Services, Inc.

Keep in mind, distribution rates are not guaranteed. A fund’s distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Pioneer Investments’ closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.

Shareholder Inquiries: Please contact your financial advisor.

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