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Victory Capital Services Adjourns Special Meetings for Pioneer Funds
ByAinvest
Wednesday, Aug 13, 2025 4:47 pm ET1min read
Pioneer Floating Rate Fund and Pioneer High Income Fund held a special meeting of stockholders to approve the liquidation and dissolution of the funds. The meeting was originally scheduled for July 17, 2025, but was adjourned until August 20, 2025 to allow more time for stockholders to vote. The funds are closed-end investment companies that trade on the New York Stock Exchange.
In a significant development, Pioneer Floating Rate Fund, Inc. (PHD) and Pioneer High Income Fund, Inc. (PHT) held a special meeting of stockholders to approve the liquidation and dissolution of the funds. The meeting, originally scheduled for July 17, 2025, was adjourned until August 20, 2025 to allow more time for stockholders to vote. The funds are closed-end investment companies that trade on the New York Stock Exchange (NYSE).The special meeting, which was initially held on July 17, 2025, was adjourned to August 20, 2025 at 2:00 p.m. ET. This adjournment was granted to provide stockholders with additional time to consider the proposed liquidation and dissolution. The June 9, 2025 record date for stockholders entitled to vote at the adjourned special meeting remains unchanged.
Both funds, PHD and PHT, are closed-end investment companies that trade on the NYSE. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Investors are advised to seek advice from qualified tax and financial experts regarding the best options for their particular circumstances.
Victory Capital Services, Inc. (VCS) has reminded investors that distribution rates are not guaranteed. The distribution rate of a fund may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions.
For performance data on Pioneer Investments’ closed-end funds, interested parties can call 800-225-6292 or visit their closed-end pricing page.
Shareholder inquiries can be directed to their financial advisor.
[1] https://www.stocktitan.net/news/PHD/adjournment-of-special-meetings-of-ip5k4hjglf4g.html
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