UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM N-Q
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21321
 
Pioneer Municipal High Income Trust
(Exact name of registrant as specified in charter)
 
60 State Street, Boston, MA 02109
(Address of principal executive offices) (ZIP code)
 
Terrence J. Cullen, Pioneer Investment Management, Inc.,
60 State Street, Boston, MA 02109
(Name and address of agent for service)
 
Registrant's telephone number, including area code:  (617) 742-7825
 
Date of fiscal year end:  April 30

Date of reporting period:  January 31, 2019

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after close of the first and third fiscal quarters, pursuant to Rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609.  The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.



ITEM 1. Schedule of Investments.

File the schedules as of the close of the reporting period as set forth in ss. 210.12-12 – 12-14 of Regulation S-X [17 CFR 210.12-12 – 12-14]. The schedules need not be audited.
 

     
     
   
Pioneer Municipal High
   
Income Trust
     
     
     
     
     
     
     
   
NQ| January 31, 2019
     
     
   
Ticker Symbol:  MHI

 
 
Principal
      
 
Amount
      
 
USD ($)
    
Value
     
UNAFFILIATED ISSUERS - 142.7%
     
DEBTOR IN POSSESSION FINANCING - 1.2% of Net Assets
     
Building Materials - 1.2%
  
 
2,522,000
  
Texas Pellets, Inc. / German Pellets Texas LLC, 8.0%, 9/30/18 (144A)
$2,522,000
 
745,000
  
Texas Pellets, Inc. / German Pellets Texas LLC, 8.0%, 3/29/19 (144A)
  745,000
     
Total Building Materials
$3,267,000
     
TOTAL DEBTOR IN POSSESSION FINANCING
     
(Cost $3,267,000)
$3,267,000
     
TAX EXEMPT OBLIGATIONS - 141.5% of Net Assets(a)
     
Arizona - 2.9%
  
 
1,000,000
  
Arizona Industrial Development Authority, Bridgewater Avondale Project, 5.375%, 1/1/38
$1,009,370
 
4,000,000(b)
  
City of Phoenix, 5.0%, 7/1/27
  4,807,120
 
2,250,000
  
City of Phoenix, Industrial Development Authority, 3rd & Indian School Assisted Living Project, 5.4%, 10/1/36
  2,326,770
 
24,000
  
County of Pima, Industrial Development Authority, Arizona Charter Schools Project, Series C, 6.75%, 7/1/31
  24,211
     
Total Arizona
$8,167,471
     
California - 8.2%
  
 
10,000,000(c)
  
California County Tobacco Securitization Agency, Capital Appreciation, Stanislaus County, Subordinated, Series A, 6/1/46
$2,014,700
 
1,450,000
  
California Enterprise Development Authority, Sunpower Corp., 8.5%, 4/1/31
  1,534,433
 
530,000
  
California Municipal Finance Authority, Santa Rosa Academy Project, Series A, 5.75%, 7/1/30
  563,597
 
4,750,000
  
California Pollution Control Financing Authority, 5.0%, 7/1/37 (144A)
  4,758,027
 
1,725,000(d)
  
California School Finance Authority, Classical Academies Project, Series A, 7.375%, 10/1/43
  2,069,379
 
1,400,000
  
California Statewide Communities Development Authority, Lancer Plaza Project, 5.625%, 11/1/33
  1,503,530
 
568,006(e)
  
California Statewide Communities Development Authority, Microgy Holdings Project, 9.0%, 12/1/38
  6
 
2,000,000(b)
  
Los Angeles Community College District, Series G, 4.0%, 8/1/39
  2,056,520
 
1,605,000
  
Los Angeles County Metropolitan Transportation Authority, Series A, 5.0%, 7/1/30
  1,949,882
 
6,750,000
  
Tobacco Securitization Authority of Southern California, Series A-1, 5.0%, 6/1/37
  6,751,688
     
Total California
$23,201,762
     
Colorado - 1.4%
  
 
1,500,000(d)
  
Colorado Educational & Cultural Facilities Authority, Rocky Mountain Classical Academy Project, 8.0%, 9/1/43
$1,894,950
 
1,665,000(f)
  
Tender Option Bond Trust Receipts/Certificates, RIB, Series 2018, 0%, 6/1/39 (144A)
  1,965,249
     
Total Colorado
$3,860,199
     
Connecticut - 3.3%
  
 
2,915,000
  
Mohegan Tribal Finance Authority, 7.0%, 2/1/45 (144A)
$2,999,448
 
5,000,000(b)
  
State of Connecticut, Series E, 4.0%, 9/1/30
  5,208,100
 
1,000,000
  
Town of Hamden, Whitney Center Project, Series A, 7.75%, 1/1/43
  1,025,940
     
Total Connecticut
$9,233,488
     
District of Columbia - 6.4%
  
 
3,705,000
  
District of Columbia Tobacco Settlement Financing Corp., Asset-Backed, 6.5%, 5/15/33
$3,979,133
 
6,000,000
  
District of Columbia Tobacco Settlement Financing Corp., Asset-Backed, 6.75%, 5/15/40
  6,213,600
 
25,000,000(c)
  
District of Columbia Tobacco Settlement Financing Corp., Capital Appreciation, Asset-Backed, Series A, 6/15/46
  3,827,500
 
3,975,000
  
District of Columbia, Deed Tax Housing Product Trust Fund, Series A, 4.25%, 6/1/37 (NATL Insured)
  3,995,789
     
Total District of Columbia
$18,016,022
     
Florida - 6.1%
  
 
1,500,000
  
Alachua County Health Facilities Authority, Terraces Bonita Springs Project, Series A, 8.125%, 11/15/41
$1,629,435
 
1,500,000
  
Alachua County Health Facilities Authority, Terraces Bonita Springs Project, Series A, 8.125%, 11/15/46
  1,627,395
 
2,500,000(d)
  
County of Miami-Dade, Aviation Revenue, Series B, 5.5%, 10/1/41
  2,564,600
 
5,000,000
  
County of Miami-Dade, Water & Sewer System Revenue, Series A, 4.0%, 10/1/44
  5,151,200
 
5,000,000
  
Florida's Turnpike Enterprise, Department of Transportation, Series A, 4.0%, 7/1/34
  5,260,050
 
1,000,000(d)
  
Hillsborough County Industrial Development Authority, Various Health Facilities, 8.0%, 8/15/32
  1,043,070
     
Total Florida
$17,275,750
     
Georgia - 2.5%
  
 
2,500,000
  
Clayton County Development Authority, Delta Air Lines, Series A, 8.75%, 6/1/29
$2,705,975
 
4,000,000
  
Private Colleges & Universities Authority, Emory University, Series A, 5.0%, 10/1/43
  4,396,920
     
Total Georgia
$7,102,895
     
Idaho - 1.8%
  
 
5,000,000
  
Power County Industrial Development Corp., FMC Corp. Project, 6.45%, 8/1/32
$5,026,500
     
Total Idaho
$5,026,500
     
Illinois - 16.5%
  
 
2,087,000(f)
  
Illinois Finance Authority, Clare Oaks Project, Series B, 4.0%, 11/15/52
$1,811,620
 
1,305,000(c)
  
Illinois Finance Authority, Clare Oaks Project, Series C-1, 11/15/52
  55,750
 
261,000
  
Illinois Finance Authority, Clare Oaks Project, Series C-2, 4.0%, 11/15/52
  80,276
 
261,000(c)
  
Illinois Finance Authority, Clare Oaks Project, Series C-3, 11/15/52
  50,201
 
2,000,000(d)
  
Illinois Finance Authority, Northwestern Memorial Hospital, Series A, 6.0%, 8/15/39
  2,045,500
 
2,500,000(d)
  
Illinois Finance Authority, Roosevelt University Project, 6.5%, 4/1/39
  2,579,100
 
3,865,000(d)
  
Illinois Finance Authority, Swedish Covenant, Series A, 6.0%, 8/15/38
  4,031,929
 
3,500,000
  
Illinois Finance Authority, The Admiral at the Lake Project, 5.25%, 5/15/42
  3,453,415
 
4,000,000
  
Illinois Finance Authority, The Admiral at the Lake Project, 5.5%, 5/15/54
  4,007,560
 
1,700,000(d)
  
Illinois Finance Authority, The Admiral at the Lake Project, Series A, 7.625%, 5/15/25
  1,814,155
 
Principal
      
 
Amount
      
 
USD ($)
    
Value
     
Illinois - (continued)
  
 
600,000(d)
  
Illinois Finance Authority, The Admiral at the Lake Project, Series A, 7.75%, 5/15/30
$643,098
 
2,000,000(d)
  
Illinois Finance Authority, The Admiral at the Lake Project, Series A, 8.0%, 5/15/40
  2,151,080
 
3,200,000(d)
  
Illinois Finance Authority, The Admiral at the Lake Project, Series A, 8.0%, 5/15/46
  3,444,416
 
1,610,000(g)
  
Metropolitan Pier & Exposition Authority, McCormick Place, 5.65%, 6/15/22 (NATL-RE Insured)
  1,804,729
 
13,785,000
  
Metropolitan Pier & Exposition Authority, McCormick Place, 5.65%, 6/15/22 (NATL-RE Insured)
  15,144,339
 
1,000,000
  
Metropolitan Pier & Exposition Authority, McCormick Place, Series B, 5.0%, 6/15/52 (ST APPROP Insured)
  1,017,390
 
1,485,000(g)
  
Metropolitan Pier & Exposition Authority, McCormick Place, Series B, 5.65%, 6/15/22 (NATL Insured)
  1,684,406
 
820,000
  
Southwestern Illinois Development Authority, Village of Sauget Project, 5.625%, 11/1/26
  808,463
     
Total Illinois
$46,627,427
     
Indiana - 1.7%
  
 
250,000
  
City of Carmel, Barrington Carmel Project, Series A, 7.0%, 11/15/32
$220,000
 
750,000
  
City of Carmel, Barrington Carmel Project, Series A, 7.125%, 11/15/42
  660,000
 
500,000
  
City of Carmel, Barrington Carmel Project, Series A, 7.125%, 11/15/47
  440,000
 
1,000,000
  
City of Evansville, Silver Birch Evansville Project, 5.45%, 1/1/38
  1,004,220
 
1,500,000
  
City of Mishawaka, Silver Birch Mishawaka Project, 5.375%, 1/1/38 (144A)
  1,508,460
 
1,000,000
  
Indiana Finance Authority, Multipurpose Educational Facilities, Avondale Meadows Academy Project, 5.375%, 7/1/47
  1,010,390
     
Total Indiana
$4,843,070
     
Kentucky - 1.9%
  
 
5,000,000(d)
  
Kentucky Economic Development Finance Authority, Owensboro Medical Health System, Series A, 6.375%, 6/1/40
$5,299,600
     
Total Kentucky
$5,299,600
     
Louisiana - 0.7%
  
 
2,260,000
  
Jefferson Parish Hospital Service District No. 2, East Jefferson General Hospital, 6.375%, 7/1/41
$2,118,140
     
Total Louisiana
$2,118,140
     
Maine - 2.3%
  
 
1,500,000
  
Maine Health & Higher Educational Facilities Authority, Maine General Medical Center, 7.5%, 7/1/32
$1,620,750
 
4,480,000
  
Maine Turnpike Authority, Series A, 5.0%, 7/1/42
  4,834,502
     
Total Maine
$6,455,252
     
Maryland - 0.5%
  
 
1,390,000
  
Maryland Health & Higher Educational Facilities Authority, City Neighbors, Series A, 6.75%, 7/1/44
$1,510,833
     
Total Maryland
$1,510,833
     
Massachusetts - 10.2%
  
 
7,000,000(c)
  
Massachusetts Bay Transportation Authority, Series A, 7/1/28
$5,265,190
 
1,550,000
  
Massachusetts Development Finance Agency, Harvard University, Series A, 5.0%, 7/15/36
  2,010,583
 
5,000,000
  
Massachusetts Development Finance Agency, Harvard University, Series A, 5.0%, 7/15/40
  6,507,900
 
1,000,000
  
Massachusetts Development Finance Agency, Partners Healthcare System, 4.0%, 7/1/41
  1,015,750
 
7,100,000
  
Massachusetts Development Finance Agency, WGBH Foundation, Series A, 5.75%, 1/1/42 (AMBAC Insured)
  9,658,698
 
240,000
  
Massachusetts Educational Financing Authority, Series I, 6.0%, 1/1/28
  249,098
 
3,100,000
  
Massachusetts Health & Educational Facilities Authority, Massachusetts Institute of Technology, Series K, 5.5%, 7/1/32
  4,137,136
     
Total Massachusetts
$28,844,355
     
Michigan - 3.2%
  
 
2,640,000
  
Michigan State University, Series A, 5.0%, 8/15/41
$2,905,558
 
6,100,000
  
Michigan Tobacco Settlement Finance Authority, Series A, 6.0%, 6/1/48
  6,008,378
     
Total Michigan
$8,913,936
     
Minnesota - 4.6%
  
 
2,000,000
  
Bloomington Port Authority, Radisson Blu Mall of America, 9.0%, 12/1/35
$2,169,660
 
1,000,000
  
City of Ham Lake, DaVinci Academy, Series A, 5.0%, 7/1/47
  1,024,510
 
2,300,000
  
City of Rochester, Mayo Clinic, Series B, 5.0%, 11/15/35
  2,875,874
 
6,000,000(b)
  
State of Minnesota, Series B, 4.0%, 8/1/27
  6,818,520
     
Total Minnesota
$12,888,564
     
Mississippi - 2.3%
  
 
600,000(f)
  
Mississippi Business Finance Corp., Chevron USA, Inc. Project, Series C, 1.45%, 12/1/30
$600,000
 
5,800,000(f)
  
Mississippi Business Finance Corp., Chevron USA, Inc. Project, Series C, 1.45%, 12/1/30
  5,800,000
     
Total Mississippi
$6,400,000
     
Montana - 0.0%†
  
 
1,600,000(e)
  
Two Rivers Authority, Inc., 7.375%, 11/1/27
$64,000
     
Total Montana
$64,000
     
New Hampshire - 0.3%
  
 
1,000,000
  
New Hampshire Health & Education Facilities Authority Act, Catholic Medical Centre, 3.75%, 7/1/40
$950,960
     
Total New Hampshire
$950,960
     
New Jersey - 2.5%
  
 
1,000,000
  
New Jersey Economic Development Authority, Charter Marion P Thomas, 5.375%, 10/1/50 (144A)
$1,014,600
 
3,000,000
  
New Jersey Economic Development Authority, Continental Airlines, 5.25%, 9/15/29
  3,238,320
 
2,500,000
  
New Jersey Economic Development Authority, Continental Airlines, 5.75%, 9/15/27
  2,702,200
     
Total New Jersey
$6,955,120
 
Principal
      
 
Amount
      
 
USD ($)
    
Value
     
New Mexico - 1.6%
  
 
1,500,000
  
County of Otero, Otero County Jail Project, 9.0%, 4/1/23
$1,494,525
 
2,960,000(f)
  
County of Otero, Otero County Jail Project, 9.0%, 4/1/28
2,930,696
     
Total New Mexico
$4,425,221
     
New York - 8.2%
  
 
2,000,000(d)
  
Hempstead Local Development Corp., Molloy College Project, 5.75%, 7/1/39
$2,035,060
 
8,000,000
  
New York State Dormitory Authority, Series A, 4.0%, 7/1/41
  8,417,120
 
7,500,000
  
New York State Dormitory Authority, Series C, 5.0%, 3/15/39
  8,356,500
 
1,500,000
  
New York State Dormitory Authority, Trustees of Columbia University, 5.0%, 10/1/45
  1,928,100
 
2,410,177
  
Westchester County Healthcare Corp., Series A, 5.0%, 11/1/44
  2,544,207
     
Total New York
$23,280,987
     
North Carolina - 2.9%
  
 
3,300,000(f)
  
Charlotte-Mecklenburg Hospital Authority, North Carolina Health Care System Revenue, 1.65%, 1/15/38
$3,300,000
 
4,225,000(f)
  
Tender Option Bond Trust Receipts/Certificates, RIB, Series 2018, 0%, 1/1/38 (144A)
  4,875,988
     
Total North Carolina
$8,175,988
     
North Dakota - 1.0%
  
 
2,525,000(d)
  
County of Burleigh, St. Alexius Medical Center, 5.0%, 7/1/38
$2,774,723
     
Total North Dakota
$2,774,723
     
Ohio - 5.2%
  
 
1,325,000
  
Buckeye Tobacco Settlement Financing Authority, Asset-Backed, Series A-2, 5.75%, 6/1/34
$1,215,687
 
2,500,000
  
Buckeye Tobacco Settlement Financing Authority, Asset-Backed, Series A-2, 5.875%, 6/1/47
  2,321,875
 
1,700,000
  
Buckeye Tobacco Settlement Financing Authority, Asset-Backed, Series A-2, 6.0%, 6/1/42
  1,589,500
 
6,000,000
  
Buckeye Tobacco Settlement Financing Authority, Asset-Backed, Series A-2, 6.5%, 6/1/47
  5,880,000
 
1,000,000
  
Ohio Housing Finance Agency, Sanctuary Springboro Project, 5.45%, 1/1/38 (144A)
  1,009,950
 
2,500,000(b)(d)
  
State of Ohio, Common Schools, Series B, 5.0%, 6/15/29
  2,756,050
     
Total Ohio
$14,773,062
     
Oregon - 2.4%
  
 
1,000,000
  
Oregon Health & Science University, Series A, 5.0%, 7/1/42
$1,128,530
 
5,190,000
  
Oregon Health & Science University, Series E, 5.0%, 7/1/32
  5,669,919
     
Total Oregon
$6,798,449
     
Pennsylvania - 5.1%
  
 
3,000,000
  
Geisinger Authority, Geisinger Health System, series A-1, 5.0%, 2/15/45
$3,317,040
 
1,280,000(e)
  
Langhorne Manor Borough Higher Education Authority, Lower Bucks Hospital, 7.35%, 7/1/22
  422,400
 
5,000,000
  
Pennsylvania Economic Development Financing Authority, USG Corp. Project, 6.0%, 6/1/31
  5,001,200
 
500,000
  
Philadelphia Authority for Industrial Development, Greater Philadelphia Health Action, Inc., Project, Series A, 6.625%, 6/1/50
  516,725
 
2,000,000
  
Philadelphia Authority for Industrial Development, Nueva Esperanze, Inc., 8.2%, 12/1/43
  2,190,380
 
1,000,000
  
Philadelphia Authority for Industrial Development, Performing Arts Charter School Project, 6.5%, 6/15/33 (144A)
  1,026,660
 
2,000,000
  
Philadelphia Authority for Industrial Development, Performing Arts Charter School Project, 6.75%, 6/15/43 (144A)
  2,053,420
     
Total Pennsylvania
$14,527,825
     
Puerto Rico - 1.0%
  
 
6,255,000(b)(e)
  
Commonwealth of Puerto Rico, Series A, 8.0%, 7/1/35
$2,877,300
     
Total Puerto Rico
$2,877,300
     
Rhode Island - 2.7%
  
 
5,900,000(e)
  
Central Falls Detention Facility Corp., 7.25%, 7/15/35
$931,610
 
2,000,000
  
Rhode Island Health & Educational Building Corp., Brown University, Series A, 4.0%, 9/1/37
  2,111,580
 
1,500,000(d)
  
Rhode Island Health & Educational Building Corp., Tockwatten Home Issue, 8.375%, 1/1/46
  1,731,300
 
2,500,000(f)
  
Tender Option Bond Trust Receipts/Certificates, RIB, 0%, 9/1/47 (144A)
  2,758,500
     
Total Rhode Island
$7,532,990
     
Texas - 9.8%
  
 
1,000,000
  
Arlington Higher Education Finance Corp., Universal Academy, Series A, 7.0%, 3/1/34
$1,047,130
 
2,500,000(d)
  
Central Texas Regional Mobility Authority, Sub Lien, 6.75%, 1/1/41
  2,734,325
 
1,490,000(b)
  
County of Harris, Series A, 5.0%, 10/1/26
  1,760,912
 
5,000,000(b)
  
Goose Creek Consolidated Independent School District, Series C, 4.0%, 2/15/26 (PSF-GTD Insured)
  5,456,500
 
725,078(e)
  
Gulf Coast Industrial Development Authority, Microgy Holdings Project, 7.0%, 12/1/36
  7
 
3,400,000(f)
  
Harris County Health Facilities Development Corp., The Methodist Hospital System, Series A-2, 1.65%, 12/1/41
  3,400,000
 
3,785,000
  
North Texas Tollway Authority, Series A, 5.0%, 1/1/35
  4,228,905
 
1,500,000(d)
  
Red River Health Facilities Development Corp., MRC Crestview, Series A, 8.0%, 11/15/41
  1,755,075
 
3,960,000+(e)
  
Sanger Industrial Development Corp., Texas Pellets Project, Series B, 8.0%, 7/1/38
  1,520,640
 
1,000,000(e)
  
Tarrant County Cultural Education Facilities Finance Corp., Mirador Project, Series A, 4.875%, 11/15/48
  450,000
 
1,000,000(e)
  
Tarrant County Cultural Education Facilities Finance Corp., Mirador Project, Series A, 5.0%, 11/15/55
  450,000
 
2,000,000(d)
  
Tarrant County Cultural Education Facilities Finance Corp., MRC Crestview Project, 8.0%, 11/15/34
  2,215,380
 
2,500,000(d)
  
Travis County Health Facilities Development Corp., Longhorn Village Project, 7.125%, 1/1/46
  2,738,225
     
Total Texas
$27,757,099
     
Utah - 0.4%
  
 
1,000,000
  
Salt Lake City Corp., Airport Revenue, Series B, 5.0%, 7/1/35
$1,138,230
     
Total Utah
$1,138,230
     
Virginia - 4.9%
  
 
2,200,000(b)
  
County of Arlington, 4.0%, 8/15/35
$2,347,400
 
1,415,000(b)
  
County of Fairfax, Series A, 4.0%, 10/1/33 (ST AID WITHHLDG Insured)
  1,530,860
 
Principal
      
 
Amount
      
 
USD ($)
    
Value
     
Virginia - (continued)
  
 
5,000,000
  
University of Virginia, Series A, 5.0%, 4/1/42
$5,716,000
 
4,000,000
  
Upper Occoquan Sewage Authority, 4.0%, 7/1/41
4,148,480
     
Total Virginia
$13,742,740
     
Washington - 11.2%
  
 
3,745,000
  
City of Seattle, Water System Revenue, 4.0%, 8/1/32
$4,065,347
 
2,500,000(b)
  
King County, Issaquah School District No. 411, 4.0%, 12/1/31 (SCH BD GTY Insured)
  2,681,925
 
14,315,000(b)(c)
  
State of Washington, Motor Vehicle Sales Tax, Series C, 6/1/22 (NATL Insured)
  13,301,784
 
3,285,000(f)
  
Tender Option Bond Trust Receipts/Certificates, RIB, Series 2018, 0%, 1/1/45 (144A)
  3,681,762
 
2,500,000
  
University of Washington, Series B, 5.0%, 6/1/29
  2,898,350
 
3,795,000(d)
  
Washington State Health Care Facilities Authority, Fred Hutchinson Cancer Research Center, Series A, 6.0%, 1/1/33
  3,864,525
 
1,150,000
  
Washington State Housing Finance Commission, Mirabella Project, Series A, 6.75%, 10/1/47 (144A)
  1,224,083
     
Total Washington
$31,717,776
     
Wisconsin - 5.8%
  
 
1,500,000
  
Public Finance Authority, Gardner Webb University, 5.0%, 7/1/31 (144A)
$1,512,255
 
5,000,000
  
Public Finance Authority, Glenridge Palmer Ranch, Series A, 8.25%, 6/1/46 (144A)
  5,574,950
 
750,000
  
Public Finance Authority, Roseman University Health Sciences Project, 5.875%, 4/1/45
  816,442
 
1,000,000
  
Public Finance Authority, SearStone CCRC Project, Series A, 5.3%, 6/1/47
  1,002,660
 
1,490,000(d)
  
Public Finance Authority, SearStone CCRC Project, Series A, 8.625%, 6/1/47
  1,783,426
 
5,000,000
  
Wisconsin Department of Transportation, Series A, 5.0%, 7/1/28
  5,685,500
     
Total Wisconsin
$16,375,233
     
TOTAL TAX EXEMPT OBLIGATIONS
     
(Cost $391,253,470)
$399,652,967
     
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 142.7%
     
(Cost $394,520,470)
$402,919,967
     
OTHER ASSETS AND LIABILITIES - 1.7%  
$4,694,953
     
VARIABLE RATE MUNIFUND TERM PREFERRED SHARES
     
AT REDEMPTION VALUE - (44.4)%
($125,356,830)
     
NET ASSETS APPLICABLE TO
     
COMMON SHAREOWNERS - 100.0%
$282,258,090
 
RIB
  
Residual Interest Bond is purchased in a secondary market. The interest rate is subject to change periodically and inversely based upon prevailing market rates. The interest rate shown is the rate at January 31, 2019.
(144A)
  
Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At January 31, 2019, the value of these securities amounted to $39,230,352, or 13.9% of net assets applicable to common shareowners.
 
 
 
†
  
Amount rounds to less than 0.1%.
+
  
Securities that used significant unobservable inputs to determine their value.
(a)
  
Consists of Revenue Bonds unless otherwise indicated.
(b)
  
Represents a General Obligation Bond.
(c)
  
Security issued with a zero coupon. Income is recognized through accretion of discount.
(d)
  
Prerefunded bonds have been collateralized by U.S. Treasury or U.S. Government Agency securities which are held in escrow to pay interest and principal on the tax exempt issue and to retire the bonds in full at the earliest refunding date.
(e)
  
Security is in default.
(f)
  
The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at January 31, 2019.
(g)
  
Escrow to maturity.
 
Various inputs are used in determining the value of the Trust's investments. These inputs are summarized in the three broad levels below.
 
Level 1 - quoted prices in active markets for identical securities.
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
Level 3 - significant unobservable inputs (including the Trust's own assumptions in determining fair value of investments).
 
The following is a summary of the inputs used as of January 31, 2019, in valuing the Trust's investments.
 
   
Level 1
    
Level 2
   
Level 3
    
Total
  
Debtor in Possession Financing
  
$
–
    
$
3,267,000
    
$
–
    
$
3,267,000
  
Tax Exempt Obligations
                                
Texas
    
–
      
26,236,459
      
1,520,640
      
27,757,099
  
All Other Tax Exempt Obligations
    
–
      
371,895,868
      
–
      
371,895,868
  
Total Investments in Securities
  
$
–
    
$
401,399,327
    
$
1,520,640
    
$
402,919,967
  
 
 
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):
   
Tax Exempt Obligations
  
Balance as of 4/30/18
  
$
1,485,000
  
Realized gain (loss)
    
–
  
Change in unrealized appreciation (depreciation)
    
39,350
  
Accrued discounts/premiums
    
(3,710
)
Purchases
    
–
  
Sales
    
–
  
Transfers in to Level 3*
    
–
  
Transfers out of Level 3*
    
–
  
Balance as of 1/31/19
  
$
1,520,640
  

*
Transfers are calculated on the beginning of period value. During the nine months ended January 31, 2019, there were no transfers between Levels 1, 2 and 3.

Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at January 31, 2019: $39,350.
ITEM 2. CONTROLS AND PROCEDURES.

(a) Disclose the conclusions of the registrant's principal executive and principal financial officers, or persons performing similar functions, regarding the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)).

The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(b) Disclose any change in the registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

There were no significant changes in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below:
 
CERTIFICATIONS
 
I, [identify the certifying individual], certify that:

1. I have reviewed this report on Form N-Q of [identify registrant];
 
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes
in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:
[Signature] [Title]
 
Filed herewith.

SIGNATURES

[See General Instruction F]

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant) Pioneer Municipal High Income Trust

By (Signature and Title)* /s/ Lisa M.Jones
           Lisa M.Jones, President and Chief Executive Officer
 
Date March 29, 2019 
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By (Signature and Title)* /s/ Lisa M. Jones
           Lisa M.Jones, President and Chief Executive Officer
 
Date March 29, 2019 

By (Signature and Title)* /s/ Mark E. Bradley
                                        Mark E. Bradley, Treasurer and Chief Accounting and Financial Officer
 
Date March 29, 2019 

* Print the name and title of each signing officer under his or her signature.