Pioneer Floating Rate Fund

PHD

時価総額 $1.23億

BOSTON--(BUSINESS WIRE)--Each of Pioneer Floating Rate Fund, Inc. (PHD) and Pioneer High Income Fund, Inc. (PHT) held a special meeting of stockholders earlier today. At the special meeting, which was originally held on July 17, 2025 and was adjourned until August 13, 2025, each fund's stockholders were asked to approve the liquidation and dissolution of the fund pursuant to the Plan of Liquidation and Dissolution adopted by the Board of Directors of the fund. The special meeting was adjourned.

BOSTON--(BUSINESS WIRE)--Each of Pioneer Diversified High Income Fund, Inc. (HNW), Pioneer Floating Rate Fund, Inc. (PHD) and Pioneer High Income Fund, Inc. (PHT) held a special meeting of stockholders earlier today. At each special meeting, fund stockholders were asked to approve the liquidation and dissolution of each fund pursuant to the Plan of Liquidation and Dissolution adopted by the Board of Directors of the fund. Each special meeting was adjourned to August 13, 2025 at 2:00 p.m. ET to.

PHD offers a high yield (~9%), but recent dividend cuts and a narrowing discount to NAV warrant caution before initiating a new position. Performance has been strong since 2022, but falling interest rates since late 2024 have pressured distributions, making future income less certain. The fund's discount to NAV has shrunk from -11% to -2%, reducing its margin of safety compared to historical averages.

BOSTON--(BUSINESS WIRE)--The Pioneer closed-end funds listed below today announced the declaration of dividends for June 2025. Ex-Date: June 18, 2025 Record Date: June 18, 2025 Payable: June 30, 2025 Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.1000 - PHD Pioneer Floating Rate Fund, Inc. $0.07501 - PHT Pioneer High Income Fund, Inc. $0.0550 - Ticker Tax-Exempt Funds   Distribution Per Share Change From Previous Month MA.

BOSTON--(BUSINESS WIRE)--Each of the Funds listed above announced today that the Fund's Board of Directors (the “Board”) has approved a plan of liquidation of the Fund. The liquidation pursuant to the plan will be submitted to Fund stockholders for approval at a Special Meeting. The Board recommends that stockholders of each Fund vote for the liquidation of their Fund at the Special Meeting. As previously announced, effective April 1, 2025, Amundi Asset Management US, Inc., each Fund's former i.

BOSTON--(BUSINESS WIRE)--Pioneer Investments today announced the declaration of dividends for six Pioneer closed-end funds for May 2025. Ex-Date: May 16, 2025 Record Date: May 16, 2025 Payable: May 30, 2025 Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.1000 - PHD Pioneer Floating Rate Fund, Inc. $0.07501 - PHT Pioneer High Income Fund, Inc. $0.0550 - Ticker Tax-Exempt Funds   Distribution Per Share Change From Previous M.

The Pioneer Floating Rate Fund has delivered a 31.29% total return over the past three years, outperforming major domestic bond indices due to rising interest rates. Despite its high 9.61% yield, the PHD fund's recent performance has lagged, and it faces potential further distribution cuts due to expected Federal Reserve interest rate reductions. The fund's heavy investment in floating-rate securities makes it vulnerable to declining income as interest rates fall, weakening its investment case.

BOSTON--(BUSINESS WIRE)--The following closed-end fund reported sources of distribution for November and this fiscal year to date. Distribution Period: November 2024   Ticker Taxable Fund Distribution Amount Per Share PHD Pioneer Floating Rate Fund, Inc. $0.0850 The following table sets forth estimates of the character of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: Net Investment Income; Net Realized Short-Term Capital Gain.

The Pioneer Floating Rate Fund has outperformed bond indices recently due to its investment in floating-rate securities, benefiting from the Federal Reserve's monetary tightening from 2022 to mid-2024. Falling interest rates will pressure the fund's income and distribution, as floating-rate securities' coupons decline without delivering capital gains. Despite its attractive 11.20% yield, the fund's income will likely decline, forcing a distribution cut as the Federal Reserve continues reducing rates.

BOSTON--(BUSINESS WIRE)--Amundi US today announced a proposed transaction affecting the following Pioneer closed-end funds: Pioneer Diversified High Income Fund, Inc. (NYSEAMER: HNW) Pioneer Floating Rate Fund, Inc. (NYSE: PHD) Pioneer High Income Fund, Inc. (NYSE: PHT) Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE: MIO) Amundi Asset Management US, Inc. (the “Advise.