Patricia McClain
About Patricia McClain
Patricia McClain serves as Secretary of Pioneer Municipal High Income Fund, Inc. (MHI) and related Pioneer closed-end funds. She is the signatory “By order of the Board of Directors” on the June 10, 2025 joint proxy calling a Special Meeting and is the designated contact for stockholder communications at 15935 La Cantera Parkway, San Antonio, Texas 78256; age, education, and prior biography are not disclosed in the proxy materials . Executive officers of the funds are not paid by the funds; compensation is paid by the adviser or its affiliates (Amundi US historically), and no fund-level TSR/revenue/EBITDA metrics are tied to executive pay in these disclosures .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Pioneer Municipal High Income Fund, Inc. (MHI) and affiliated Pioneer funds | Secretary | 2025–present | Issued Special Meeting notice “By order of each Board of Directors” for liquidation proposal; serves as stockholder communications contact . |
External Roles
- Not disclosed in MHI proxy statements; no external positions or committee memberships for McClain are provided .
Fixed Compensation
| Component | Paid by Fund? | Disclosed amount | Notes |
|---|---|---|---|
| Executive officer salary (Secretary) | No | Not disclosed | “Each fund does not pay any salary or other compensation to its executive officers… Amundi US or its affiliates compensate the funds’ executive officers.” |
| Pension/SERP | No | Not applicable | “No Director has pension or retirement benefits accrued as a part of fund expenses.” Applies to directors; executive pensions not disclosed at fund level . |
Performance Compensation
- No performance-based awards (RSUs/PSUs/options), vesting schedules, or pay-for-performance metrics are disclosed for fund executive officers; executive compensation is outside the fund and paid by the adviser .
Equity Ownership & Alignment
| Metric | FY 2025 (Record Date: Jun 9, 2025) |
|---|---|
| MHI Common Shares Outstanding (units) | 22,771,349 |
| MHI Preferred Shares Outstanding (Series 2021, units) | 500 |
| Directors & Executive Officers aggregate ownership of MHI common (%) | Less than 1% |
| Stockholder communications contact | “Stockholders… should write… to the attention of Patricia McClain, Secretary, 15935 La Cantera Parkway, San Antonio, Texas 78256.” |
- No individual beneficial ownership, pledging, hedging, or guideline compliance disclosures are provided for McClain; only aggregate insider ownership is given and is de minimis (<1%) .
Employment Terms
- Appointment/role: Secretary of the funds; issues meeting notices and handles stockholder communications as designated in proxy materials .
- Contracts/severance/change-of-control: Not disclosed for executive officers at the fund level; executive compensation and employment terms reside with the adviser/adviser affiliates, not the funds .
- Clawbacks/tax gross-ups/deferred comp/perquisites: Not disclosed in fund proxies for executive officers .
Investment Implications
- Alignment: Executive officers (including the Secretary) are not compensated by the fund and hold de minimis aggregate ownership (<1%), limiting direct pay-for-performance alignment with fund shareholders; equity award-related selling pressure or vesting overhang is not a factor here .
- Trading signals: The 2025 Special Meeting seeks approval to liquidate and dissolve each fund; if approved, common holders realize NAV (less transaction costs) and preferred holders receive liquidation preference—this fund-level action, not insider activity, is the primary catalyst for MHI .
- Governance/continuity: The Secretary became the designated signatory/contact in 2025 following adviser combination developments and an address change to San Antonio, suggesting administrative realignment; however, no retention risk or employment economics are disclosed for McClain individually .