CORRECTING and REPLACING Pioneer Tax Advantaged Balanced Trust -NYSE:PBF- Portfolio Managed by Pioneer Investment Management, Inc.Business Editors CORRECTION...by Pioneer Investment Management BOSTON--(BUSINESS WIRE)--Jan. 28, 2004 In BW5448 issued Jan. 28, 2004: Second graf, after the first sentence, the following two sentences should be inserted: "The Fund intends to offer preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. with a maximum aggregate liquidation preference of approximately 33 1/3% of the Fund's total assets. The amount raised by the Fund could increase to approximately $500 million assuming the underwriter's over-allotment option is not exercised and a preferred shares offering of this size." Also, fifth graf, second sentence should read "$8.3 billion in gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. " (sted "$8.3 billion in net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight "). The corrected release reads: PIONEER TAX ADVANTAGED BALANCED TRUST -NYSE:PBF- PORTFOLIO MANAGED BY PIONEER INVESTMENT MANAGEMENT, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . Pioneer Investments Rings The Opening Bell(TM) on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. Pioneer Investment Management, Inc. ("Pioneer") announces the launch of Pioneer Tax Advantaged Balanced Trust (the "Fund"), a diversified, closed-end, balanced fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. that seeks to provide a high level of total after-tax return including attractive tax-advantaged income. The Fund may invest up to 75% of its assets in municipal securities and up to 50% in equity securities. In conjunction with the first trade in the Fund, Osbert Hood, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Pioneer Investment Management USA Inc. will ring The Opening Bell(TM) on the New York Stock Exchange today. The Fund's offering of common shares raised approximately $384 million and its shares will begin trading on the New York Stock Exchange today under the symbol PBF PBF Perry Bible Fellowship (online comic; also seen as TPBF) PBF Pretty Boy Floyd (Floyd Mayweather, boxer) PBF Play-By-Forum (game) PBF Power Burst Facility PBF Percent Body Fat . The Fund intends to offer preferred shares with a maximum aggregate liquidation preference of approximately 33 1/3% of the Fund's total assets. The amount raised by the Fund could increase to approximately $500 million assuming the underwriter's over-allotment option is not exercised and a preferred shares offering of this size. The lead underwriter Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. of this offering was Merrill Lynch & Co. The co-managers were RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
LLC - Logical Link Control , Hilliard Lyons, SunTrust Banks Inc., Advest, Inc. and Robert W. Baird Robert Wilson Baird (born April 1, 1883) helped found the financial services firm that bears his name and led it for more than 40 years. Baird’s father was a professor of Greek literature at Northwestern University in Evanston, Illinois, where Baird grew up. & Co. "We are pleased to offer this unique and innovative closed-end product. The Fund, which we created to address the income needs of investors, seeks to take advantage of current tax laws by investing in dividend-paying stocks combined with municipal bonds," said Hood. "With this launch, Pioneer continues to advance its aggressive product-line expansion plans and its role as an industry leader." The Fund pursues its objective by investing in federal tax-exempt municipal bonds and equity securities that pay dividends that qualify for federal income taxation at rates applicable to long-term capital gains. It will be managed by a team of portfolio managers including: John Carey, Senior Vice President and Portfolio Manager of Pioneer Fund, Kenneth J. Taubes, Senior Vice President and Director of Fixed Income at Pioneer and David Eurkus, Senior Vice President and Tax-Free Income Portfolio Manager. Pioneer Global Asset Management S.p.A. and its affiliates manage approximately $145.9 billion in assets (as of December 31, 2003), including over $34.9 billion managed in the U.S., by Pioneer Investment Management, Inc. In 2003, Pioneer US had its third record sales year in a row, with $8.3 billion in gross sales. Note: Shares of closed-end funds frequently trade at prices lower than their net asset value. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares are sold in the open market through an exchange. The Fund is designed primarily for long-term investors and should not be considered a vehicle for trading purposes. For more complete information on Pioneer Tax Advantaged Balanced Trust, or other Pioneer funds, including charges and expenses, please request a prospectus from your investment representative or Pioneer at 800-225-6292. Please read the prospectus carefully before you invest or send money. A portion of the fund's income may be subject to state, local, and/or the federal alternative tax. This press release is not an offer to sell the common shares and is not soliciting an offer to buy the common shares in any state where the offer or sale is not permitted. (C) 2004 Pioneer Investment Management, Inc. Member of the UniCredito Italiano Banking Group, Register of Banking Groups |
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