UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. )*
Pioneer Tax Advantaged Balanced Trust
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
72388R101
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(CUSIP Number)
Arthur D. Lipson
Western Investment LLC
7050 S. Union Park Center, Ste. 590
Midvale, UT 84047
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 17, 2007
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(e), (f) or (g), check the following box [ ].
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7
for other parties to whom copies are to be sent.
(Continued on following pages)
CUSIP No. - 72388R101
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
WESTERN INVESTMENT LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS* (See Item 3)
OO, WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER (See Item 5)
SHARES 1,632,641 shares
BENEFICIALLY 8 SHARED VOTING POWER (See Item 5)
OWNED BY 0 shares
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,632,641 shares
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0 shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 1,632,641 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7%
14 TYPE OF REPORTING PERSON*
OO
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ARTHUR D. LIPSON
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,632,641
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,632,641
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 1,632,641
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7%
14 TYPE OF REPORTING PERSON*
IN
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WESTERN INVESTMENT HEDGED PARTNERS LP
2 CHECK THE APPROPRIATE BOX IF A 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) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES 793,939
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 793,939
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 793,939
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
14 TYPE OF REPORTING PERSON*
PN
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WESTERN INVESTMENT ACTIVISM PARTNERS LLC
2 CHECK THE APPROPRIATE BOX IF A 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) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES 837,702
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 837,702
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 837,702
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
14 TYPE OF REPORTING PERSON*
OO
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BENCHMARK PLUS INSTITUTIONAL PARTNERS, L.L.C.
2 CHECK THE APPROPRIATE BOX IF A 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) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES 430,800
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 430,800
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 430,800
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
14 TYPE OF REPORTING PERSON*
OO
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BENCHMARK PLUS PARTNERS, L.L.C.
2 CHECK THE APPROPRIATE BOX IF A 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) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES 440,000
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 440,000
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 440,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
14 TYPE OF REPORTING PERSON*
OO
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BENCHMARK PLUS MANAGEMENT, L.L.C.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES 870,800
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 870,800
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 870,800
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
14 TYPE OF REPORTING PERSON*
OO
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ROBERT FERGUSON
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 7 SOLE VOTING POWER
SHARES 870,800
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 870,800
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 870,800
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
14 TYPE OF REPORTING PERSON*
IN
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SCOTT FRANZBLAU
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) [ ]
OR 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 7 SOLE VOTING POWER
SHARES 870,800
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 870,800
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5) 870,800
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
14 TYPE OF REPORTING PERSON*
IN
ITEM 1. SECURITY AND ISSUER
This statement relates to shares of the Common Stock, no par value (the
"Shares"), of Pioneer Tax Advantaged Balanced Trust (the "Issuer"). The
address of the principal executive offices of the Issuer is 60 State
Street, Boston, MA 02109.
ITEM 2. IDENTITY AND BACKGROUND
(a) This statement is filed by Western Investment LLC, a Delaware
limited liability company ("WILLC"), Arthur D. Lipson, Western
Investment Hedged Partners LP, a Delaware limited partnership ("WIHP"),
Western Investment Activism Partners LLC, a Delaware limited liability company
("WIAP"), Benchmark Plus Institutional Partners, L.L.C., a Delaware limited
liability company ("BPIP"), Benchmark Plus Partners, L.L.C, a Delaware limited
liability company ("BPP"), Benchmark Plus Management, L.L.C., a Delaware
limited liability company ("BPM"), Scott Franzblau and Robert Ferguson.
Each of the foregoing is referred to as a "Reporting Person" and collectively
as the "Reporting Persons." WILLC provides recommendations from time to time
to BPIP and BPP with respect to purchases and sales of Shares of the Issuer,
pursuant to an oral agreement between WILLC and BPIP and between WILLC and BPP.
Accordingly, the Reporting Persons may be deemed a group for Section 13(d)
purposes. Each of WILLC, Mr. Lipson, WIHP and WIAP disclaims beneficial
ownership of the Shares beneficially owned by BPIP, BPP, BPM, Mr. Franzblau
and Mr. Ferguson and the existence of a group for Section 13(d) purposes.
Each of BPIP, BPP, BPM, Mr. Franzblau and Mr. Ferguson disclaims beneficial
ownership of the Shares beneficially owned by the other Reporting Persons and
the existence of a group for Section 13(d) purposes. Each of the Reporting
Persons is party to that certain Joint Filing Agreement as further described
in Item 6. Accordingly, the Reporting Persons are hereby filing a joint
Schedule 13D.
WILLC has sole voting and investment power over WIHP's and WIAP's security
holdings and Mr. Lipson, in his role as the managing member of WILLC,
controls WILLC's voting and investment decisions. BPM is the managing member
of BPIP and BPP and Messrs. Franzblau and Ferguson, in their role as managing
members of BPM, have sole voting and investment control over BPIP's and BPP's
security holdings. Neither WILLC, Mr. Lipson, WIHP nor WIAP has voting or
dispositive control over the Shares beneficially owned by BPIP, BPP, BPM, Mr.
Franzblau or Mr. Ferguson. Neither BPIP, BPP, BPM, Mr. Franzblau, nor Mr.
Ferguson has voting or dispositive control over the Shares beneficially owned
by the other Reporting Persons.
(b) The principal business address of WILLC, Mr. Lipson, WIHP and WIAP
is 7050 S. Union Park Center, Suite 590, Midvale, UT 84047.
The principal business address of BPIP, BPP, BPM, Mr. Franzblau, and Mr.
Ferguson is 820 A Street, Suite 700, Tacoma, WA 98402.
(c) The principal business of WILLC is acting as the general partner and
managing member of WIHP and WIAP, respectively. The principal occupation of
Arthur D. Lipson is acting as managing member of WILLC. The principal
business of WIHP and WIAP is acquiring, holding and disposing of investments
in various companies.
The principal business of BPIP and BPP is acquiring, holding and disposing
of investments in various companies. The principal business of BPM is
acting as the managing member of BPIP and BPP. The principal occupation of
each of Scott Franzblau and Robert Ferguson is acting as a managing member
of BPM.
(d) No Reporting Person has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) No Reporting Person has, during the last five years, been
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is
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.
(f) Messrs. Lipson, Franzblau, and Ferguson are citizens of the
United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The aggregate purchase price of the 1,632,641 Shares beneficially
owned by WILLC is approximately $22,799,693. The Shares beneficially
owned by WILLC consist of 1,000 Shares that were acquired with WILLC's
working capital, 793,939 Shares that were acquired with WIHP's working
capital and 837,702 Shares that were acquired with WIAP's working capital.
The aggregate purchase price of the 870,800 Shares beneficially owned by
BPM is approximately $11,575,928. The Shares beneficially owned by BPM
consist of 430,800 Shares that were acquired with BPIP's working capital
and 440,000 Shares that were acquired with BPP's working capital.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons purchased the Shares based on the Reporting Persons'
belief that the Shares, when purchased, were undervalued and represented
an attractive investment opportunity. Depending upon overall market
conditions, other investment opportunities available to the Reporting
Persons, and the availability of Shares at prices that would make the
purchase of additional Shares desirable, the Reporting Persons may endeavor
to increase their position in the Issuer through, among other things, the
purchase of Shares on the open market or in private transactions or otherwise,
on such terms and at such times as the Reporting Persons may deem advisable.
The Reporting Persons are concerned by the discount to net asset
value at which the Shares of the Issuer have been trading. The Reporting
Persons believe that the Issuer should take appropriate action to cause the
discount to net asset value to be eliminated or substantially reduced. The
Reporting Persons may engage in discussions with management and the Board
of the Issuer about possible ways to reduce or eliminate the discount. The
Reporting Persons reserve the right to take any action they deem
appropriate related to this issue.
No Reporting Person has any present plan or proposal which would relate to or
result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of
Schedule 13D except as set forth herein or such as would occur upon completion
of any of the actions discussed above. Each of the Reporting Persons intends
to review his/its investment in the Issuer on a continuing basis and may engage
in discussions with management and the Board of the Issuer concerning
the business, operations and future plans of the Issuer. Depending on various
factors including, without limitation, the Issuer's financial position and
investment strategy, the price levels of the Shares, conditions in the
securities markets and general economic and industry conditions, each of the
Reporting Persons may in the future take such actions with respect to his/its
investment in the Issuer as he/it deems appropriate including, without
limitation, seeking Board representation, making proposals to the Issuer
concerning changes to the capitalization, ownership structure or operations
of the Issuer, purchasing additional Shares, selling some or all of its
Shares, engaging in short selling of or any hedging or similar transaction
with respect to the Shares or changing its intention with respect to any
and all matters referred to in Item 4.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The aggregate percentage of Shares reported owned by each person named
herein is based upon 28,706,981 Shares outstanding as of June 2, 2006, as
reported in the Issuer's Form DEF 14A filed with the Securities and Exchange
Commission on June 14, 2006. An affiliate of WILLC, Western Investment
Institutional Partners LLC ("WIIP"), acquired Shares of the Issuer prior to
12/30/2005, and on 12/18/2006 sold all Shares, as noted in Schedule A.
As of the close of business on January 26, 2007, WIHP, WIAP, BPIP and BPP
beneficially owned 793,939, 837,702, 430,800, and 440,000 Shares,
respectively, representing approximately 2.8%, 2.9%, 1.5%, and 1.5%,
respectively, of the Shares outstanding. WILLC beneficially owned
1,632,641 Shares, constituting approximately 5.7% of the Shares outstanding.
Mr. Lipson beneficially owned 1,632,641 Shares, constituting approximately
5.7% of the Shares outstanding.
As the general partner and managing member of WIHP and WIAP, respectively,
WILLC may be deemed to beneficially own the 1,631,641 Shares beneficially
owned in the aggregate by WIHP and WIAP, in addition to 1,000 Shares owned
directly by WILLC. As the managing member of WILLC, Mr. Lipson may be deemed
to beneficially own the 1,632,641 Shares beneficially owned by WILLC. As the
managing member of BPIP and BPP, BPM may be deemed to beneficially own the
870,800 Shares beneficially owned in the aggregate by BPIP and BPP. As the
managing members of BPM, Messrs. Franzblau and Ferguson may be deemed to
beneficially own the 870,800 Shares beneficially owned by BPM.
(b) Mr. Lipson is deemed to have sole voting and dispositive power over the
Shares reported as beneficially owned by WILLC by virtue of his position as
described in paragraph (a). Each of WILLC and Mr. Lipson is deemed to have sole
voting and dispositive power over the Shares reported as beneficially owned by
WIHP and WIAP by virtue of their respective positions as described in
paragraph (a). Neither WILLC, Mr. Lipson, WIHP nor WIAP has voting or
dispositive control over the Shares beneficially owned by BPIP, BPP, BPM, Mr.
Franzblau or Mr. Ferguson.
Each of BPM, Mr. Franzblau and Mr. Ferguson is deemed to have sole voting and
dispositive power over the Shares reported as beneficially owned by BPIP and
BPP by virtue of their respective positions as described in paragraph (a).
Neither BPIP, BPP, BPM, Mr. Franzblau nor Mr. Ferguson has voting or
dispositive control over the Shares beneficially owned by the other Reporting
Persons.
(c) Schedule A annexed hereto lists all transactions by the Reporting Persons
in the Issuer's Shares during the past sixty days. All of such transactions
were effected in the open market.
(d) No person other than the Reporting Persons is known to have
the right to receive, or the power to direct the receipt of dividends
from, or proceeds from the sale of, the Shares.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
On January 26, 2007, the Reporting Persons entered into a Joint Filing
Agreement in which the parties agreed to the joint filing on behalf
of each of them of statements on Schedule 13D with respect to the
securities of the Issuer. Other than as described herein, there are
no contracts, arrangements, understandings or relationships among
the Reporting Persons, or between the Reporting Persons and any other
person, with respect to the securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1. Joint Filing Agreement by and among Western Investment
LLC, Arthur D. Lipson, Western Investment Hedged Partners LP,
Western Investment Activism Partners LLC, Benchmark Plus
Institutional Partners, L.L.C., Benchmark Plus Partners, L.L.C.,
Benchmark Plus Management, L.L.C., Scott Franzblau and Robert Ferguson,
dated January 26, 2007.
SIGNATURES
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.
Date: January 26, 2007
WESTERN INVESTMENT LLC
By: /s/ Arthur D. Lipson, Sole Member
WESTERN INVESTMENT HEDGED PARTNERS LP
By: Western Investment LLC,
its General Partner
By: /s/ Arthur D. Lipson, Managing Member
WESTERN INVESTMENT ACTIVISM PARTNERS LLC
By: Western Investment LLC,
its Managing Member
By: /s/ Arthur D. Lipson, Managing Member
/s/ Arthur D. Lipson
___________________
ARTHUR D. LIPSON
BENCHMARK PLUS INSTITUTIONAL PARTNERS, L.L.C.
By: Benchmark Plus Management, L.L.C.,
its Managing Member
By: /s/ Scott Franzblau, Managing Member
By: /s/ Robert Ferguson, Managing Member
BENCHMARK PLUS PARTNERS, L.L.C.
By: Benchmark Plus Management, L.L.C.,
its Managing Member
By: /s/ Scott Franzblau, Managing Member
By: /s/ Robert Ferguson, Managing Member
BENCHMARK PLUS MANAGEMENT, L.L.C.
By: /s/ Scott Franzblau, Managing Member
By: /s/ Robert Ferguson, Managing Member
/s/ Robert Ferguson
___________________
ROBERT FERGUSON
/s/ Scott Franzblau
___________________
SCOTT FRANZBLAU
SCHEDULE A
Transaction Code Quantity Trade Date Price
WIHP Buy 7,000 12/06/2006 $13.8630
Buy 3,700 12/07/2006 $13.9077
Buy 41,559 12/15/2006 $13.9522
Buy 10,000 12/18/2006 $13.9426
Sell 600 12/18/2006 $13.9462
Buy 61,000 12/19/2006 $13.9312
Buy 1,500 12/20/2006 $13.9297
Buy 22,433 12/21/2006 $13.9643
Buy 1,000 12/26/2006 $14.0650
Buy 14,800 12/29/2006 $14.0031
Buy 48,400 01/03/2007 $14.0203
Buy 16,400 01/04/2007 $14.0045
Buy 33,747 01/19/2007 $14.1461
Sell 700 01/19/2007 $14.2011
Buy 16,200 01/22/2007 $14.1848
Buy 2,900 01/23/2007 $14.1710
Buy 251,000 01/23/2007 $14.1800
Sell 500 01/24/2007 $14.1611
Sell 300 01/24/2007 $14.1477
Buy 100,000 01/26/2007 $14.2501
WIAP Buy 4,300 11/29/2006 $13.7173
Buy 6,500 12/04/2006 $13.8465
Buy 8,600 12/05/2006 $13.8662
Buy 7,000 12/06/2006 $13.8630
Buy 3,700 12/07/2006 $13.9077
Buy 22,200 12/12/2006 $13.8964
Buy 64,600 12/13/2006 $13.9466
Buy 31,502 12/14/2006 $13.9466
Buy 3,700 12/28/2006 $13.9677
Buy 1,000 01/05/2007 $13.9950
Buy 1,600 01/08/2007 $13.9113
Buy 5,400 01/09/2007 $13.9775
Buy 6,900 01/10/2007 $13.9993
Buy 10,800 01/11/2007 $14.0480
Buy 12,600 01/12/2007 $14.0442
Buy 40,000 01/16/2007 $14.0503
Buy 22,200 01/17/2007 $14.0938
Buy 41,700 01/18/2007 $14.1231
Buy 16,300 01/22/2007 $14.1848
Buy 2,800 01/23/2007 $14.1712
Buy 251,000 01/23/2007 $14.1800
Buy 100,000 01/26/2007 $14.2501
WIIP Sell 100 12/18/2006 $13.9045
Sell 3,400 12/18/2006 $13.9516
WILLC Buy 1,000 12/15/2006 $13.9585
BPP Buy 17,300 01/24/2007 $14.1870
Buy 100,000 01/26/2007 $14.2501
BPIP Buy 17,400 01/24/2007 $14.1870
Buy 100,000 01/26/2007 $14.2501
BPM NONE
Mr. Lipson NONE
Mr. Franzblau NONE
Mr. Ferguson NONE
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) 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 a
Statement on Schedule 13D dated January 26, 2007 (including
further amendments thereto) with respect to the Common Stock of
Pioneer Tax Advantaged Balanced Trust. This Joint Filing
Agreement shall be filed as an Exhibit to such Statement.
Dated: January 26, 2007
WESTERN INVESTMENT LLC
By: /s/ Arthur D. Lipson, Sole Member
WESTERN INVESTMENT HEDGED PARTNERS LP
By: Western Investment LLC,
its General Partner
By: /s/ Arthur D. Lipson, Managing Member
WESTERN INVESTMENT ACTIVISM PARTNERS LLC
By: Western Investment LLC,
its Managing Member
By: /s/ Arthur D. Lipson, Managing Member
/s/ Arthur D. Lipson
____________________
ARTHUR D. LIPSON
BENCHMARK PLUS INSTITUTIONAL PARTNERS, L.L.C.
By: Benchmark Plus Management, L.L.C.,
its Managing Member
By: /s/ Scott Franzblau, Managing Member
By: /s/ Robert Ferguson, Managing Member
BENCHMARK PLUS PARTNERS, L.L.C.
By: Benchmark Plus Management, L.L.C.,
its Managing Member
By: /s/ Scott Franzblau, Managing Member
By: /s/ Robert Ferguson, Managing Member
BENCHMARK PLUS MANAGEMENT, L.L.C.
By: /s/ Scott Franzblau, Managing Member
By: /s/ Robert Ferguson, Managing Member
/s/ Robert Ferguson
___________________
ROBERT FERGUSON
/s/ Scott Franzblau
___________________
SCOTT FRANZBLAU