M&A: PIONEER EQUITY INCOME FUND

Form Type: N-CSR

Filing Date: 2025-01-06

Corporate Action: Merger

Type: New

Accession Number: 000119312525002069

Comments: Pioneer Equity Income Fund, in its annual shareholder report, highlighted a significant material change regarding its investment adviser, Amundi Asset Management US, Inc. On July 9, 2024, Amundi announced entering a definitive agreement with Victory Capital Holdings, Inc. to combine operations. This transaction would make Amundi a strategic shareholder of Victory Capital. It is intended that following the transaction's closing, the Fund will reorganize into a new Victory Fund managed by Victory Capital Management, which is pending board and shareholder approvals. The annual report also detailed fund performance for the fiscal year ending October 31, 2024, with Class A shares returning 26.06% and recognition of some detractors in performance related to sector selections and overweight in energy. Further exposure to the fund's key statistics like net assets of $1,040,492,111 and a total of 52 portfolio holdings was provided.

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