SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ) Filed by the Registrant | | Filed by a Party other than the Registrant |X| Check the appropriate box: | | 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 Under Rule 14a-12 PIONEER TAX ADVANTAGED BALANCED TRUST - -------------------------------------------------------------------------------- (Name of Registrant as Specified in Its Charter) WESTERN INVESTMENT LLC WESTERN INVESTMENT HEDGED PARTNERS L.P. WESTERN INVESTMENT ACTIVISM PARTNERS LLC WESTERN INVESTMENT TOTAL RETURN MASTER FUND LTD. BENCHMARK PLUS INSTITUTIONAL PARTNERS, L.L.C. BENCHMARK PLUS MANAGEMENT, L.L.C. BENCHMARK PLUS PARTNERS, L.L.C. ARTHUR D. LIPSON SCOTT FRANZBLAU ROBERT FERGUSON MATTHEW S. CROUSE - -------------------------------------------------------------------------------- (Name of Persons(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): |X| No fee required. | | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.(1) Title of each class of securities to which transaction applies: - -------------------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: - -------------------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): - -------------------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: - -------------------------------------------------------------------------------- (5) Total fee paid: - -------------------------------------------------------------------------------- Fee paid previously with preliminary materials: - -------------------------------------------------------------------------------- | | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount previously paid - -------------------------------------------------------------------------------- (2) Form, Schedule or Registration Statement No: - -------------------------------------------------------------------------------- (3) Filing Party: - -------------------------------------------------------------------------------- (4) Date Filed: - -------------------------------------------------------------------------------- Western Investment LLC ("Western"), together with the other with the other participants named herein, is filing materials contained in this Schedule 14A with the Securities and Exchange Commission (the "SEC") relating to the definitive proxy statement (the "Proxy Statement") and accompanying proxy cards filed with the SEC on May 10, 2007 and to be used in connection with the annual meeting of stockholders of Pioneer Tax Advantaged Balanced Trust (the "Company") scheduled to be held on June 8, 2007 (the "Annual Meeting"), to solicit votes in support of the election of Western's slate of director nominees at the Annual Meeting. Western urges stockholders to read the Proxy Statement because it contains important information. PRESS RELEASE WESTERN INVESTMENT LLC NOMINEES RECEIVE BACKING OF MAJOR PROXY ADVISORS IN BID FOR SEATS ON PIONEER TAX ADVANTAGED BALANCED TRUST (NYSE:PBF) BOARD NEW YORK (May 29, 2007) Western Investment today announced that both Institutional Shareholder Services, Inc. and Glass, Lewis & Co., influential providers of voting advisory services to mutual funds and other major institutional investors, have recommended that clients vote their common shares of Pioneer Tax Advantaged Balanced Trust (NYSE-PBF) on the GOLD proxy for Western Investment's slate of director nominees at the PBF Annual Meeting of Shareholders scheduled for June 8th. In making its recommendation, ISS noted that 'the persistence of a double-digit NAV discount for such a sustained period leads one to conclude that the NAV discount is directly attributable to the market's view of the fund or unwillingness of the Fund's board to address the discount to NAV.' ISS also concluded that `Western's nominees may bring new insights to narrow the Fund's discount more effectively than the other nominees proposed by management and Mr. Bradshaw.' Glass Lewis indicated that 'the participation of a significant long-term shareholder on the board of trustees could be beneficial for shareholders' and, citing Western Investment's 'track record of effecting positive change at other closed end funds that were trading at substantial NAV discounts,' stated that Western Investment's presence 'on the Fund's board will provide the shareholder the opportunity to review with the other trustees all alternatives available to the Fund to reduce the NAV discount associated with its shares.' Art Lipson, Managing Member of Western Investment, commented: `We are gratified that both ISS and Glass Lewis have recognized that a steep and persistent market discount to NAV is a disservice to PBF shareholders. We believe that the unanimous support of both ISS and Glass Lewis for our position is enormously significant. If elected, we fully intend to work with our fellow board members to improve PBF's performance and reduce or eliminate the market discount to NAV. Since the Annual Meeting is only days away, we are urging PBF shareholders to have their shares voted by following the internet or telephone voting instructions on their GOLD proxy card. Both ISS and Glass Lewis, professional organizations whose businesses are based on carefully analyzing these situations and making recommendations that influence the voting of literally trillions of dollars of equity capital, are advising their clients to vote their shares on the GOLD proxy.' 'It is important for every shareholder to know that even if you have already voted another proxy, you have every right to change your mind and vote the GOLD card today. The LAST vote you send in is the only one that will count, so please vote your shares today.' CERTAIN INFORMATION CONCERNING WESTERN INVESTMENT Western Investment LLC ("Western Investment"), together with the other Participants (as defined below), has made a definitive filing with the SEC of a proxy statement (the "Proxy Statement") and accompanying proxy cards to be used, among other things, to solicit votes for the approval of certain matters at the annual meeting (the "Annual Meeting") of the Pioneer Tax Advantaged Balanced Trust (the "Trust") scheduled for June 8, 2007 and in support of the election of the Participants' slate of director nominees at the Annual Meeting. Western Investment advises all stockholders of the Company to read the Proxy Statement and other proxy materials relating to the Annual Meeting as they become available because they contain important information. Such proxy materials are available at no charge on the SEC's web site at http://www.sec.gov. In addition, the Participants in the solicitation will provide copies of the proxy materials, without charge, upon request. Requests for copies should be directed to the Participants' proxy solicitor, Innisfree M&A Incorporated, at its toll-free number: (877) 825-8619. The Participants in the proxy solicitation are Western Investment, Western Investment LLC, Arthur D. Lipson, Western Investment Activism Partners LLC, Western Investment Total Return Master Fund Ltd., Benchmark Plus Institutional Partners, L.L.C., Benchmark Plus Partners, L.L.C., Benchmark Plus Management, L.L.C., Scott Franzblau, Robert Ferguson and Matthew S. Crouse (the "Participants"). Information regarding the Participants and their direct or indirect interests is available in the Schedule 13D jointly filed with the SEC on January 26, 2007, as subsequently amended on February 27, 2007 and March 19, 2007 and the Proxy Statement. Contact: INNISFREE M&A INCORPORATED Michael Brinn 212-750-8253
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DFAN14A Filing
Western Investment Inactive DFAN14AAdditional proxy materials by non-management
Filed: 29 May 07, 12:00am