Liquidation: PIONEER HIGH INCOME FUND, INC.

Form Type: DEFA14A

Filing Date: 2025-07-09

Corporate Action: Liquidation

Type: Update

Accession Number: 000168386325005640

Filing Summary: Pioneer High Income Fund, Inc. is informing stockholders about a special meeting scheduled for July 17, 2025, where they will vote on the liquidation and dissolution of the Fund as per the Plan of Liquidation and Dissolution. The Board of Directors unanimously recommends that stockholders vote 'FOR' this proposal, indicating it is in the best interests of the Fund. The notice emphasizes the importance of stockholder participation to prevent delays or additional costs related to follow-ups. Stockholders are encouraged to vote through various methods: by phone, online, or via mail.

Form Type: DEF 14A

Filing Date: 2025-06-10

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525138495

Filing Summary: On June 10, 2025, the Pioneer High Income Fund, Inc. disclosed plans for a Special Meeting of Stockholders scheduled for July 17, 2025. The agenda includes voting on a proposal for the liquidation and dissolution of the Fund under a Plan of Liquidation and Dissolution adopted by the Board of Directors. The Board has unanimously recommended that stockholders vote 'FOR' the Liquidation. This decision follows the recent termination of the prior investment advisory agreement with Amundi US, stemming from a merger with Victory Capital Holdings, Inc. Stakeholders may be impacted by the tax consequences of the Liquidation, which could involve realizing capital gains or losses depending on the distributions received. If the proposal is not approved, the Fund will continue to operate while considering future steps. Stockholder votes are to be collected by July 16, 2025, to facilitate this process.

Form Type: N-CSR

Filing Date: 2025-06-06

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525136563

Filing Summary: Pioneer High Income Fund, Inc. has filed a certified shareholder report that includes a recommendation for the liquidation of the Fund, which was approved by the Board of Directors on May 6, 2025. This proposal will be presented to stockholders for approval at a Special Meeting. The Fund intends to file a proxy statement with the SEC, which will be provided to stockholders, containing essential information regarding the liquidation. The report covers performance, risks, and the Fund's strategy under the new management of Victory Capital Management, which took over on April 1, 2025. The document also highlights the Fund’s NAV and market price performance, investment strategies, and the implications of leverage during the twelve-month period ended March 31, 2025. Overall, the performance yields show a net asset value return of 9.11% and a market price return of 9.98%.

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.