Pioneer High Income Fund Approves Liquidation and Dissolution Proposal

Pioneer High Income Fund, Inc. announced the results of its special meeting, where stockholders approved the liquidation and dissolution of the fund. The fund plans to liquidate its portfolio and distribute cash to shareholders. The last day of secondary market trading is expected to be on or about September 25, 2025, with a primary distribution of liquidation proceeds on or about September 30, 2025. The liquidation is a taxable event for US federal income tax purposes.

Pioneer High Income Fund, Inc. (PHT) has announced the results of its special meeting of stockholders, where the liquidation and dissolution of the fund were approved. The fund, which is a closed-end investment company, will now proceed with the liquidation of its portfolio and distribution of cash to shareholders.

The special meeting, originally held on July 17, 2025, was adjourned until August 13, 2025, to allow more time for stockholders to vote. The meeting was further adjourned to August 20, 2025, at 2:00 p.m. ET to accommodate additional voting time. The last day of secondary market trading for the fund is expected to be on or about September 25, 2025, with a primary distribution of liquidation proceeds on or about September 30, 2025 [1].

The liquidation of PHT is a significant event for investors, as it involves the sale of the fund's assets and the distribution of the proceeds to shareholders. This process is a taxable event for U.S. federal income tax purposes, and shareholders should consult with their financial advisors to understand the tax implications of the liquidation [1].

Investors should be aware that the liquidation of PHT may result in the sale of assets at potentially lower prices than their current market value. Additionally, the distribution of cash to shareholders may be affected by various factors, including changes in actual or projected investment income and the level of undistributed net investment income [1].

The liquidation of PHT follows a trend seen in the closed-end fund industry, where funds are liquidated due to various reasons such as changes in management, poor performance, or strategic decisions. Closed-end funds, unlike open-end funds, are not continuously offered and are traded in the open market through a stock exchange. This can result in fluctuations in the fund's share price, which may not always reflect the fund's net asset value [1].

For performance data on Pioneer Investments' closed-end funds, including PHT, investors can contact their financial advisors or visit the closed-end pricing page. Shareholder inquiries can be directed to the fund's investor relations department.

References:
[1] https://www.businesswire.com/news/home/20250813580115/en/