Pioneer High Income Fund, INC
Market Movers (8-K)
The Board of Directors of six Pioneer funds amended their bylaws to remove a provision related to the Maryland Control Share Acquisition Act, potentially impacting voting rights for significant shareholders.
The boards of directors for six Pioneer closed-end funds have approved a plan of liquidation, which will be submitted to stockholders for approval at a Special Meeting.
Delay expected
Pioneer Funds are undergoing a transition in investment advisory services from Amundi US to Victory Capital following a merger, with shareholder approval pending for a new advisory agreement.
Pioneer Floating Rate Fund, Pioneer Diversified High Income Fund, and Pioneer High Income Fund announce the postponement of their Special Meeting of Stockholders originally scheduled for March 26, 2025, to allow shareholders more time to vote.
Delay expected
Amundi US has announced a definitive agreement to combine its investment adviser with Victory Capital, potentially leading to new advisory agreements for several Pioneer closed-end funds.
Proxy Statements (Def-14A)
Pioneer Floating Rate Fund and Pioneer High Income Fund have again adjourned their Special Meeting of Stockholders to August 20, 2025, seeking more participation for a liquidation proposal.
Worse than expected
Delay expected
Pioneer Diversified High Income Fund, Pioneer Floating Rate Fund, and Pioneer High Income Fund have adjourned their Special Meeting to August 13, 2025, to continue soliciting votes for a liquidation proposal.
Worse than expected
Delay expected
Pioneer Diversified High Income, Floating Rate, and High Income Funds have adjourned their Special Meeting of Stockholders to August 13, 2025, due to insufficient votes.
Worse than expected
Delay expected
Pioneer Closed-End Funds are urging stockholders to vote on a proposal for the liquidation and dissolution of each fund, with the Boards of Directors unanimously recommending a 'FOR' vote.
Worse than expected
DEF: Pioneer Funds Propose Liquidation Amidst Failed Advisory Agreement Approval and Activist Pressure
Six Pioneer closed-end funds are seeking stockholder approval to liquidate and dissolve after failing to secure a new investment advisory agreement with Victory Capital, exacerbated by significant activist investor opposition.
Delay expected
Worse than expected
Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., and Pioneer High Income Fund, Inc. have postponed their Special Meeting of Stockholders originally scheduled for March 26, 2025, to allow shareholders more time to vote.
Delay expected
Schedule 13G - Passive Investments
Almitas Capital LLC has filed a Schedule 13G indicating no beneficial ownership in Pioneer High Income Fund, Inc.'s common stock.
Almitas Capital LLC and Ronald Mass have reported a 5.5% beneficial ownership stake in Pioneer High Income Fund, Inc. common stock.