Pioneer Diversified High Income Trust

Pioneer Diversified High Income Fund, Inc. is a closed-end investment fund, which engages in current income, with the potential for capital appreciation as a secondary objective. It invests in yielding asset classes, including global yield bonds, leveraged bank loans, and event-linked bonds. The company was founded on January 31, 2007 and is headquartered in Boston, MA.

Pioneer Diversified High Income Fund, Inc. has delivered a 15.4% total return since our last article, matching the S&P 500. Amundi is proposing a management change for HNW, trying to sell its CEF business to Victory Capital, a Texas-based manager. The corporate action is subject to shareholders approval, and we would expect a 'sweetener' before agreeing to the proposed amendment.

HNW: Changing Managers, Still A Solid Hold

Pioneer Municipal High Income Advantage Trust

Pioneer Municipal High Income Trust

Pioneer Municipal High Income Opportunities Fund

Pioneer Floating Rate Trust

Pioneer High Income Trust

BOSTON--(BUSINESS WIRE)--Amundi US today announced a proposed transaction affecting the following Pioneer closed-end funds: Pioneer Diversified High Income Fund, Inc. (NYSEAMER: HNW) Pioneer Floating Rate Fund, Inc. (NYSE: PHD) Pioneer High Income Fund, Inc. (NYSE: PHT) Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE: MIO) Amundi Asset Management US, Inc. (the “Advise.

Amundi US Announces Proposed Transaction Relating to Pioneer Closed-End Funds

The Pioneer Diversified High Income Fund, Inc. offers a 9.43% yield, comparable to its peers in the income-oriented bond closed-end fund sector. The HNW closed-end fund has experienced a decline in share price over the past three years, but distributions have offset the decline and provided a 5.06% total return. The fund primarily invests in high-yield corporate bonds and employs leverage to boost its effective yield, but its leverage level is in line with peers.

HNW: An Interesting Bond Fund With Some Risks But Also Some Potential

Western Asset Mortgage Opportunity Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Invesco High Income 2024 Target Term Fund 

Nuveen Mortgage Opportunity Term Fund

Principal Real Estate Income Fund

Taiwan Fund

For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January.

The Month In Closed-End Funds: January 2024

The Pioneer Diversified High Income Fund is a fixed income CEF with a unique mix of asset classes with low correlations to each other. The vehicle's low volatility is attributed to its holdings of catastrophe bonds, which are not affected by traditional economic conditions. The fund's discount to NAV has narrowed, but US high yield spreads are now too low, leading to a downgrade in rating.

HNW: This 10% Yielding CEF Gets A Downgrade

BOSTON--(BUSINESS WIRE)--The following closed-end funds reported sources of distribution for August and this fiscal year to date. Distribution Period: August 2023       Ticker Taxable Funds Distribution Amount Per Share HNW Pioneer Diversified High Income Fund, Inc. $0.0900     Ticker Tax-Exempt Funds Distribution Amount Per Share MAV Pioneer Municipal High Income Advantage Fund, Inc. $0.0275 MHI Pioneer Municipal High Income Fund, Inc. $0.0275 MIO Pioneer Municipal High Income Opportunities Fu.

Pioneer Closed End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(A)

Highland Income Fund

Flaherty & Crumrine Preferred Income OpportunityFund Inc

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, PFO and HNW.

The Quality Closed-End Fund Report, July 2023

Pioneer Diversified High Income Fund is a fixed income CEF with a multi-asset approach, including high yield bonds, leveraged loans, ILS securities, EM bonds, and ABS securities. The fund has a low standard deviation and is currently trading at a large discount to NAV, which is expected to normalize when the Fed lowers rates. The fund has a dividend yield in excess of 10%, which is fully supported.

HNW: Appealing Multi-Asset Fixed Income CEF, 10% Yield

Blackstone Long-Short Credit Income Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, HNW and BGX.

The Quality Closed-End Fund Report, May 2023

The HNW fund aims to deliver high current income from a portfolio of junk bonds, bank loans, and catastrophe bonds. The fund yields 10.8% while only earning 3-5% p.a. over the long run.

HNW: How To Analyze, And Why You Should Pass On This Fund

Nuveen Preferred & Income Opportunities Fund

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, April 2023

Nuveen Preferred & Income 2022 Term Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The Quality Closed-End Fund Report, April 2023

Blackstone Strategic Credit Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

The Quality Closed-End Fund Report, March 2023

Alpine Total Dynamic Dividend Fund

Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, February 2023

Ares Dynamic Credit Allocation Fund

ArrowMark Financial

Brandywine Global Income Opportunities Fund Inc

Flaherty & Crumrine Dynamic Preferred & Income Fund

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Western Asset High Income Opportunity Fund Inc

KKR Income Opportunities Fund

PIMCO Dynamic Income Opportunities Fund

TCW Strategic Income Fund

Western Asset Diversified Income Fund

The 'High-High-Low' Closed-End Fund Report, December 2022

Barings Global Short Duration High Yield Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

DoubleLine Income Solutions Fund

Franklin Templeton Emerging Markets Income Fund

'High-High-Low' Closed-End Fund Report, November 2022

Blackrock California Muni Income Trust

Blackstone/GSO Senior Floating Rate Term Fund

Eaton Vance California Municipal Income Trust

MFS Investment Grade Municipal Trust

BNY Mellon Strategic Municipal Bond Fund, Inc.

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Federated Premier Municipal Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Income Fund

New American High Income Fund

Deutsche Strategic Municipal Income Trust

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Oxford Lane Capital

PIMCO Dynamic Income Fund

PIMCO Strategic Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

Quality Closed-End Fund Report, November 2022

HNW is a closed-end fund with a focus on fixed income. The vehicle contains fixed-rate corporate debentures, catastrophe bonds and CMBS securities.

HNW: Small Fixed Income CEF From Amundi, 10% Yield

BNY Mellon High Yield Strategies Fund 

DoubleLine Yield Opportunities Fund

John Hancock Preferred Income Fund

Nuveen Preferred & Income Securities Fund

Nuveen Real Asset Income & Growth Fund

Pimco Global Stockplus & Income Fund

RiverNorth Capital and Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2022

Western Asset High Yield Defined Opportunity Fund Inc

Ivy High Income Opportunities Fund

Pimco High Income Fund

Western Asset Premier Bond Fund

YieldShares High Income ETF

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, July 2022

Apollo Tactical Income Fund, Inc.

Blackrock Limited Duration Income Trust

Credit Suisse Asset Management Income Fund

Doubleline Opportunistic Credit Fund

Credit Suisse High Yield Bond Fund

Eagle Point Credit

Stone Harbor Emerging Markets Total Income Fund

First Trust Intermediate Duration Preferred & Income Fund

Nuveen Preferred & Income Term Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

'High-High-Low' Closed-End Fund Report, February 2022: ARDC, HYB, JRI Buy Ratings Affirmed

Alpine Global Dynamic Dividend Fund

First Trust MLP & Energy Income Fund

First Trust New Opportunities Mlp & Energy Fund

PIMCO Dynamic Credit and Mortgage Income Fund

PIMCO Income Strategy Fund

Pimco Income Opportunity Fund

'High-High-Low' Closed-End Fund Report, November 2021

Aberdeen Income Credit Strategies Fund

BlackRock Credit Allocation Income Trust

PGIM Global High Yield Fund

John Hancock Tax-Advantaged Dividend Income Fund

PGIM High Yield Bond Fund

Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2021

Blackrock Debt Strategies Fund Inc

Allspring Income Opportunities Fund

Only funds with yields over 6.50%, coverage higher than 80% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, July 2021

Apollo Senior Floating Rate Fund

BlackRock 2022 Global Income Opportunity Trust

BlackRock Multi-Sector Income Trust

MFS Intermediate High Income Fund

Eaton Vance Short Duration Diversified Income Fund

Nuveen Floating Rate Income Opportunity Fund ETF

Neuberger Berman High Yield Strategies Fund Inc

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PGIM Shrt Duratin Hgh Yld Opprtnts Fund

Invesco High Income Trust II

These are some options that I think you can buy today if you own the selling candidate. Some of the buy candidates on here I would even buy outright if I didn't own the "sell."

Some Relative CEF Value Trades And Opportunities

News for Pioneer Diversified High Income Trust ETF (HNW)