Liquidation: PIONEER HIGH INCOME FUND, INC.

Form Type: PRE 14A

Filing Date: 2025-05-20

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525123226

Filing Summary: A Special Meeting of Stockholders is scheduled for July 17, 2025, to vote on the proposed liquidation and dissolution of Pioneer High Income Fund, Inc. The Board of Directors has unanimously recommended the approval of this proposal based on several factors including the difficulties in approving a new investment advisory agreement with Victory Capital, the impact of activist investors, and the termination of interim advisory agreements. If approved, the liquidation will enable common stockholders to realize net asset value for their shares and preferred stockholders to receive liquidation preference. The importance of timely voting has been emphasized to ensure an orderly process for the liquidation. Stockholders eligible to vote are those on record as of June 9, 2025. The total estimated costs of the liquidation are approximately $670,000, which will be borne by Victory Capital, excluding transaction costs.

Form Type: 8-K

Filing Date: 2025-05-08

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525116083

Filing Summary: On May 8, 2025, the Board of Directors of Pioneer High Income Fund, Inc. announced the approval of a plan of liquidation for the Fund. This decision will be presented to stockholders for approval at a Special Meeting. The Board recommends that stockholders vote in favor of the liquidation. Additionally, following a recent merger between Amundi Asset Management US, Inc. and Victory Capital Holdings, Inc., stockholders were unable to approve a new investment advisory agreement prior to the transaction's closure, leading to the approval of an interim agreement with Victory Capital. Given these developments and after evaluation of different options, the Board has concluded that liquidation is the most suitable path forward. A proxy statement will be filed with the SEC detailing this proposal and will be sent to all stockholders of record. Notably, the previously postponed meeting for voting on the new agreement will not be rescheduled in light of this decision.