Pioneer Municipal High, Advantage (NYSE:MAV)

CAPS Rating: 1 out of 5

Closed-end fund


Player Avatar MoneyDocSchloss (69.40) Submitted: 11/19/2012 8:42:16 PM : Outperform Start Price: $13.15 MAV Score: -35.81

With dividend income likely to experience higher tax rates, municipal bonds will no doubt become an increasingly attractive investment.

Specifically, municipal bond closed-end funds, since they typically offer a basket of bonds; and in many cases have a higher yield than buying the individual bonds outright in the market.

MAV according to currently has the highest distribution rate. It has a mix of credit-qualities, but the fact that it has 160 holdings should help cushion the risk.

Both the NAV and price performance has been solid over the past few years, indicating it's stable at the moment, paying out good dividends, tax-free.

PNI (NY muni cef) has been very good to me too.

I'm expecting this trend to continue as long as these yields are this attractive.


BTW the tax-equivalent yield is roughly 11+%.

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