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PHT - PHT: Continuing To Perform 9.7% Covered Yield
Pioneer High Income Trust of Beneficial Interest
Summary
Pioneer High Income Fund is a fixed income closed-end fund.
The vehicle is almost fully covering its 9.7% dividend yield now and has performed fairly robustly in the past year.
Interesting to note is that the fund has catastrophe bonds in its composition (called 'Event-linked Bonds' here). Cat bonds provide for diversification within a portfolio.
The fund has a high beta to risk-on / risk-off market set-ups via its discount to NAV.