NYSE: PIF) (the "Fund"), a closed-end management investment company organized as a Maryland corporation, is aware that a complaint has been filed in the Circuit Court for Baltimore City on October 23, 2008, by a small number of shareholder activists (the "Petitioners"), including Bulldog Investors General Partnership ("BIGP"), claiming to own twenty-five percent of the Fund's outstanding shares.
Management of the Fund has been advised by its proxy solicitor that the inability to achieve the quorum necessary to proceed with the 2008 election of Directors was due to the fact that Bulldog Investors General Partnership ("BIGP"), a stockholder of the Fund that had solicited proxies from other stockholders, did not attend the Annual Meeting or vote the shares for which it had received proxies.
NEW YORK -- Bulldog Investors General Partnership ("BIGP") announced today that its tender offer (the "Offer") to purchase up to 3,000,000 common shares of beneficial interest, no par value (the "Shares"), of Pioneer Municipal and Equity Income Trust (f/k/a Pioneer Tax Advantaged Balanced Trust) ("PBF") expired at 5:00 p.
NEW YORK -- Bulldog Investors General Partnership ("BIGP") is amending its offer to purchase common shares of beneficial interest, no par value (the "Shares"), of Pioneer Municipal and Equity Income Trust (f/k/a Pioneer Tax Advantaged Balanced Trust) ("PBF") and extending the Expiration Date (as defined below).
BOSTON -- The Board of Trustees of Pioneer Municipal and Equity Income Trust (formerly, Pioneer Tax Advantaged Balanced Trust) (NYSE: PBF) announced today that it has evaluated the tender offer by Bulldog Investors General Partnership ("BIGP"), announced on October 30, 2007, to purchase common shares of the fund from shareholders.
NEW YORK -- Bulldog Investors General Partnership ("BIGP") is offering to purchase up to 1,500,000 of the outstanding shares (the "Shares") of common stock, no par value, of Pioneer Tax Advantaged Balanced Trust ("PBF") from each of the shareholders of PBF upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 30, 2007 (the "Offer to Purchase"), and in the related Letter of Transmittal, as each may be supplemented or amended from time to time (which together constitute the "Offer").
Bulldog Investors General Partnership has reached an agreement with the Trust's adviser, MFS Investment Management, to terminate its previously announced tender offer to purchase up to 5,000,000 shares of MGF common stock on November 9, 2007 at a price equal to 96.
