SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934
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[ ] Preliminary Proxy Statement [ ] Confidential, For Use of the
Commission Only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ x ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-11(c) or Sec. 240.14a-12
Pioneer Tax Advantaged Balanced Trust
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(Name of Registrant as Specified in its Charter)
Ralph W. Bradshaw
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Ralph W. Bradshaw
One West Pack Square, Suite 1650, Asheville, NC 28801
(828) 210-8184
Dear Fellow Shareholder of Pioneer Tax Advantaged Balanced Trust
(the "Fund"),
IT IS TIME FOR CHANGE IN OUR FUND
DO NOT FALL VICTIM TO MISLEADING SCARE TACTICS
VOTE FOR THE NOMINEES ON THE GREEN PROXY CARD
AND SUPPORT SHAREHOLDER PROPOSALS AIMED AT
INCREASING SHAREHOLDER VALUE
As of May 4, major financial publications report that almost a third
of Income and Preferred Stock Closed-end funds, the category which
includes our Fund, trade at a PREMIUM to their Net Asset Value per
share ("NAV"). This means that the market value of the investment
for the shareholders of these funds is HIGHER than the assets under
management. Instead, our Fund continues to trade at a significant
discount to NAV. In fact, its discount is so wide that it is
worse than all but a handful of funds in its category. It is
apparent that other funds are proactively placing the interests of
their shareholders first, and they have the extra shareholder value
to show for it!
THE FUND HAS NOT TAKEN EFFECTIVE STEPS TO FIX ITS DISCOUNT PROBLEM
Shortly after inception, Fund shares dropped to double-digit
discounts to NAV and have languished there for years. Fund
management has failed to take effective steps to fix the problem.
I believe that the Fund's discount has only just recently crept
into single-digit discount territory because the possibilities
for positive change in this proxy became known to investors.
THE GREEN PROXY GIVES SHAREHOLDERS POSITIVE OPTIONS
- Elect GREEN proxy trustees who will push for shareholder
value
- Support an aggressive managed distribution policy
- Change the Fund's restrictive investment objective
AGGRESSIVE MANAGED DISTRIBUTION POLICIES UNLOCK SHAREHOLDER VALUE
Other funds that have adopted an aggressive managed distribution
policy have seen their shares trade regularly at a premium to NAV.
This proxy document discusses an aggressive managed distribution
policy for the Fund, an area in which these nominees have broad
experience and success. The contemplated aggressive managed
distribution policy would distribute what would initially
represent about 15% of NAV per year. You are encouraged to
review the enclosed proxy document for important details.
CHANGING THE INVESTMENT OBJECTIVE INCREASES FLEXIBILITY
A broader investment objective would expand the possibilities for
investment performance. Under the proposed investment objective,
the adviser could continue with the same investment approach.
However, by allowing the possibility of increased equity exposure,
investments could be focused on total return rather than just
income.
ELECT NOMINEES COMMITTED TO THE SHAREHOLDERS
Even though they will only be a minority on the Board, the nominees
in this proxy will work to build shareholder value. These green
proxy nominees offer many years of closed-end fund leadership
experience in consistently putting shareholders first.
DO NOT SETTLE FOR A WIDE DISCOUNT
PUT SHAREHOLDER INTERESTS FIRST
VOTE THE GREEN PROXY
To vote your shares on these issues, PLEASE FOLLOW INSTRUCTIONS ON
THE ENCLOSED [GREEN] PROXY CARD TO VOTE BY PHONE, or MARK, SIGN,
DATE, AND RETURN THE ENCLOSED [GREEN] PROXY CARD IN THE POSTAGE
PAID ENVELOPE THAT HAS BEEN PROVIDED. You may vote on all
proposals contained in the Fund's [WHITE] proxy card by using the
enclosed [GREEN] proxy card.
After submitting your vote using a [GREEN] proxy card, PLEASE DO
NOT VOTE FROM OR RETURN A [WHITE] PROXY CARD (EVEN IF YOU ARE
VOTING AGAINST THE NOMINEES NAMED IN THE FUND'S PROXY STATEMENT).
DOING SO WILL REVOKE YOUR [GREEN] PROXY CARD.
Thank you for taking an active role in improving your investment
in the Fund. If you have any questions whatsoever concerning
these issues or this proxy, please contact me.
Sincerely yours,
/s/ Ralph W. Bradshaw
Ralph W. Bradshaw