-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LG75FtuRSeJ6m2TPmbe2LapI6ySjPBfV+ie0Yv+VK3mEkAmUZMpk7MRcDgRU3gRO RynCyhhOszuW84L6vuZ9mA== 0001364773-07-000015.txt : 20070907 0001364773-07-000015.hdr.sgml : 20070907 20070907162115 ACCESSION NUMBER: 0001364773-07-000015 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070907 DATE AS OF CHANGE: 20070907 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BULLDOG INVESTORS GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER TAX ADVANTAGED BALANCED TRUST CENTRAL INDEX KEY: 0001267150 IRS NUMBER: 510492660 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-81809 FILM NUMBER: 071106214 MAIL ADDRESS: STREET 1: 60 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PIONEER TAX ADVANTAGED BALANCED FUND DATE OF NAME CHANGE: 20031017 FORMER COMPANY: FORMER CONFORMED NAME: PIONEER TAX ADVANTAGED BALANCED TRUST DATE OF NAME CHANGE: 20031015 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors General Partnership CENTRAL INDEX KEY: 0001364773 IRS NUMBER: 562585535 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 BUSINESS PHONE: 9147475262 MAIL ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 SC 13D 1 third.txt DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 8/29/07 1. NAME OF REPORTING PERSON Bulldog Investors, Phillip Goldstein and Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[ ] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA 7. SOLE VOTING POWER 1,653,002 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 1,662,002 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1662,002 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [ ] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 5.78 14. TYPE OF REPORTING PERSON IA Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of Pioneer Tax Advantaged Balanced Trust ("PBF" or the "Issuer"). The principal executive offices of PBF are located at 60 State Street, Boston, MA 02109. Item 2. IDENTITY AND BACKGROUND This statement is filed on behalf of Bulldog Investors, Phillip Goldstein, 60 Heritage Drive,Pleasantville, NY 10570 a principal of Bulldog Investors and Andrew Dakos, Park 80 West,Saddle Brook, NJ 07663, also a principal of Bulldog Investors. Mr.Goldstein and Mr. Dakos are self-employed investment advisors. During the past 5 years none of the above has been convicted in a criminal proceeding, nor been party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which they were or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to,federal or state securities laws or finding any violation with respect to such laws. Each of the above are United States citizens. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Issuer have been accumulated on behalf of managed accounts. All funds that have been utilized to purchase such shares are from such accounts or from margin loans from broker dealers where these accounts are held. ITEM 4. PURPOSE OF TRANSACTION The reporting persons believe the issuers shares are undervalued. The reporting persons have submitted the attached shareholder proposal for inclusion in managements proxy statement at the next meeting of shareholders (see exhibit 2). ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As per the semi-annual report dated 5/31/07 there were 28,706,981 shares of common stock outstanding. The percentage set forth in item 5 was derived using such number. Bulldog Investors, Phillip Goldstein and Andrew Dakos beneficially own an aggregate of 1,662,002 shares of PBF or 5.78% of the outstanding shares. Power to dispose of and vote securities resides either with Mr. Goldstein, Mr. Dakos or with clients. c) During the past 60 days the following shares of PBF were purchased (there were no sales): QuantityPrice ($) Trade Date 2,200 14.77 7/13/2007 200 14.75 7/16/2007 1,500 14.6758 7/18/2007 300 14.6758 7/18/2007 200 14.6758 7/18/2007 400 14.6758 7/18/2007 100 14.6758 7/18/2007 900 14.6758 7/18/2007 400 14.6758 7/18/2007 3,100 14.72 7/20/2007 800 14.72 7/20/2007 900 14.72 7/20/2007 1,800 14.72 7/20/2007 600 14.72 7/20/2007 400 14.72 7/20/2007 200 14.72 7/20/2007 3,000 14.6 7/25/2007 4,000 14.295 7/26/2007 2,300 14.295 7/26/2007 900 14.295 7/26/2007 1,150 14.295 7/26/2007 900 14.295 7/26/2007 750 14.295 7/26/2007 5,000 14.3019 7/30/2007 5,000 14.3019 7/30/2007 5,000 14.3019 7/30/2007 8,700 14.09 8/6/2007 42,100 14.09 8/6/2007 5,000 14.09 8/6/2007 8,700 14.09 8/6/2007 28,000 14.09 8/6/2007 7,500 14.09 8/6/2007 152,000 14.0837 8/7/2007 23,600 14.0837 8/7/2007 28,000 14.0837 8/7/2007 103,000 14.0837 8/7/2007 6,775 13.8149 8/10/2007 16,735 13.8149 8/10/2007 2,880 13.8149 8/10/2007 22,950 13.8149 8/10/2007 5,920 13.8149 8/10/2007 4,740 13.8149 8/10/2007 3,500 13.75 8/13/2007 2,900 13.6885 8/14/2007 4,300 13.6885 8/14/2007 4,300 13.6885 8/14/2007 3,800 13.6885 8/14/2007 14,000 13.6885 8/14/2007 20,700 13.6885 8/14/2007 3,000 13.3528 8/15/2007 1,000 13.3528 8/15/2007 4,300 13.3528 8/15/2007 800 13.3528 8/15/2007 10,000 13.3528 8/15/2007 900 13.3528 8/15/2007 800 12.9525 8/16/2007 600 12.9525 8/16/2007 2,200 12.9525 8/16/2007 500 12.9525 8/16/2007 900 12.9525 8/16/2007 3,000 12.9525 8/16/2007 1,700 13.12 8/20/2007 6,200 13.68 8/24/2007 8,000 13.68 8/24/2007 41,800 13.68 8/24/2007 500 13.68 8/24/2007 8,000 13.68 8/24/2007 1,300 13.68 8/24/2007 8,000 13.68 8/24/2007 26,200 13.68 8/24/2007 2,600 13.7 8/27/2007 9,400 13.7 8/27/2007 12,900 13.7 8/27/2007 1,741 13.7 8/27/2007 3,300 13.7 8/27/2007 3,800 13.7 8/27/2007 5,000 13.65 8/28/2007 18,000 13.67 8/29/2007 14,600 13.67 8/29/2007 21,000 13.67 8/29/2007 9,715 13.67 8/29/2007 71,000 13.67 8/29/2007 83,000 13.67 8/29/2007 51,000 13.67 8/29/2007 10,000 13.67 8/29/2007 d) Beneficiaries of managed accounts are entitled to receive any dividends or sales proceeds. e) NA ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1. Joint Filing Agreement Exhibit 2. Shareholder Proposal After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 9/7/07 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /s/ Andrew Dakos Name: Andrew Dakos Exhibit 1 Joint Filing Agreement In accordance with Rule 13d-1 (k) (1) under the Securities Exchange Act of 1934,as amended, the persons named below agree to the joint filing on behalf of each of them of the Schedule 13D (and all further amendments filed by them) with respect to the shares of PBF. Dated: 9/7/07 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /s/ Andrew Dakos Name: Andrew Dakos Exhibit 2. Shareholder Proposal Full Value Partners L.P. Park 80 West, Plaza Two Saddle Brook, NJ 07663 Phone (201) 556-0092 Fax (201) 556-0097 August 17, 2007 Dorothy E. Bourassa Secretary Pioneer Tax Advantaged Balanced Trust 60 State Street Boston, Massachusetts 02109 Dear Ms. Bourassa: Full Value Partners L.P. is the beneficial owner of shares of Pioneer Tax Advantaged Balanced Trust (the "Trust") valued in excess of $2,000.00. We have held our shares for at least 12 months and intend to hold them through the next annual meeting. We hereby submit the following proposal and supporting statement pursuant to rule 14a-8 of the Securities Exchange Act of 1934 for inclusion in management's proxy materials for the next meeting of stockholders. RESOLVED: Pioneer Tax Advantaged Balanced Trust is requested to conduct a self-tender offer for all outstanding shares of the Trust at net asset value ("NAV"). If more than 50% of the Trust's outstanding shares are tendered, the tender offer should be cancelled and the Trust should be liquidated Supporting Statement At the June 2006 annual meeting, Western Investment's nominees were elected trustees on a platform to narrow the Trust's discount to NAV which Western called "unacceptable." We voted for Western's nominees and had high expectations that the Trust's discount would soon be eliminated. Despite an increase in the Trust's monthly distribution, the Trust's shares have continued to trade at an "unacceptable" discount. As of August 16, 2007, the discount was more than 12%. Therefore, we believe it is appropriate to conduct a self- tender offer for all outstanding shares of the Trust to allow shareholders to receive full NAV for their shares. If a majority of the Trust's outstanding shares are tendered, that would demonstrate that there is insufficient shareholder support for continuing the Trust in its closed-end format. In that case, the tender offer should be cancelled and the Trust should be liquidated. Very truly yours, Andrew Dakos Managing Member Full Value Advisors L.L.C. General Partner -----END PRIVACY-ENHANCED MESSAGE-----