PHD
Pioneer Floating Rate Fund, Inc.9.95
-0.01-0.1%
Oct 10, 4:00:02 PM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
123.13MP/E (TTM)
14.85Basic EPS (TTM)
0.67Dividend Yield
0.1%Recent Filings
8-K
Bylaws amended to opt out of control share act
On May 6, 2025, boards of six Pioneer closed-end funds amended their bylaws to repeal Article II, Section 13, opting out of Maryland's Control Share Acquisition Act. This removes prior limits on voting rights for shareholders acquiring over certain ownership thresholds in common stock. Funds gain flexibility against activist takeovers, yet face potential risks from unchecked large stakes.
8-K
Funds approve liquidation plans
Pioneer Floating Rate Fund and five affiliated high-income funds announced on May 8, 2025, that their boards approved liquidation plans, pending stockholder approval at upcoming special meetings. Proxy statements will be filed with the SEC and mailed to shareholders. This move signals a wind-down of operations. Liquidation could return capital but end income distributions.
8-K
Victory Capital assumes advisory role
On April 1, 2025, Amundi US merged into Victory Capital, terminating the advisory agreement for Pioneer funds and shifting portfolio managers to Victory. The board approved an interim agreement with identical fees held in escrow, pending shareholder vote on a new permanent deal by August 29. Funds operate seamlessly under Victory. Shareholder approval remains uncertain.
8-K
Funds postpone stockholder meetings
Pioneer Floating Rate Fund, Pioneer Diversified High Income Fund, and Pioneer High Income Fund postponed their special stockholder meetings, originally set for March 26, 2025, to allow more voting time. The record date remains February 4, 2025. Funds urge proxy voting via white cards. No rescheduled date yet; forward-looking plans carry risks of differing outcomes.
8-K
Amundi-Victory merger impacts Pioneer funds
Amundi announced on July 9, 2024, a deal to merge its U.S. asset management arm with Victory Capital, positioning Amundi as a strategic shareholder. This transaction, pending regulatory approvals, would terminate current advisory agreements for six Pioneer closed-end funds, prompting boards to seek new pacts with Victory Capital affiliates for shareholder votes. No assurance exists on closing or approvals. Uncertainty looms over fund management continuity.
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FRA
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GHY
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12.15+0.00
HNW
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12.80+0.01
JFR
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PFL
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8.39-0.01
PFN
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PHK
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4.86+0.01
PHT
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8.32-0.07