M&A - Pioneer ILS Interval Fund

Form Type: 497

Filing Date: 2025-04-21

Corporate Action: Merger

Type: New

Accession Number: 000161603725000012

Filing Summary: On April 1, 2025, Amundi Asset Management US, Inc. was combined with Victory Capital Holdings, Inc. This Transaction results in Victory Capital becoming the investment adviser for Pioneer ILS Interval Fund, replacing all references to Amundi US. All portfolio managers from Amundi US have transitioned to Victory Capital. The fund's Board approved a new investment advisory agreement with Victory Capital effective April 1, 2025, maintaining similar terms to the previous advisory agreement. In addition, Victory Capital Services, Inc. became the principal underwriter for the fund. The fund will pay the Adviser a fee of 1.75% of the fund’s average daily net assets up to $1 billion and 1.70% for assets over $1 billion, accrued daily and paid monthly. An administration agreement specifies that Victory Capital will handle fund administration services for a fee based on average daily net assets, and covers responsibilities including regulatory compliance and fund accounting. The plan for share distribution states that shares can only be purchased through the Distributor, which acts on a best efforts basis and is not obligated to sell a specific quantity of shares.

Form Type: 497

Filing Date: 2025-04-21

Corporate Action: Merger

Type: Update

Accession Number: 000161603725000014

Filing Summary: On April 1, 2025, Amundi Asset Management US, Inc. ("Amundi US") was combined with Victory Capital Holdings, Inc., resulting in a new investment advisory agreement with Victory Capital serving as the fund's adviser. This organizational change was formalized during a shareholder meeting held on March 27, 2025, where shareholders approved the New Advisory Agreement. All references to Amundi US in the Statement of Additional Information have been replaced with Victory Capital, with all portfolio managers of Amundi US transitioning to Victory Capital. The terms of the New Advisory Agreement are substantially similar to the previous agreement with Amundi US. As a result of the merger, Victory Capital Services, Inc. has become the principal underwriter for the fund. The document also includes a list of trustees and officers along with their principal occupations and roles.

Form Type: 497

Filing Date: 2025-04-01

Corporate Action: Merger

Type: New

Accession Number: 000126538925000016

Filing Summary: Effective April 1, 2025, Amundi Asset Management US, Inc. has merged with Victory Capital Holdings, Inc., resulting in all portfolio managers of Amundi US becoming employees of Victory Capital. The Fund's Board of Trustees approved a new investment advisory agreement with Victory Capital, which is effective on the same date. Shareholders had previously approved this agreement at a meeting on March 27, 2025. The terms of the new advisory agreement are substantially the same as those of the previous agreement with Amundi US. Additionally, the incumbent Independent Trustees were re-elected, and David C. Brown was elected as a new Trustee.

Form Type: DEFA14A

Filing Date: 2025-03-17

Corporate Action: Merger

Type: New

Accession Number: 000119312525055678

Filing Summary: Pioneer ILS Interval Fund has filed a definitive additional materials proxy statement concerning a Special Meeting of Shareholders scheduled for March 27, 2025, at 11:00 a.m. Eastern Time. The meeting aims to secure shareholder votes on a proposal to reorganize each Pioneer Fund into newly-created Funds within the Victory Funds as part of a strategy to integrate the advisory businesses of Amundi US and Victory Capital Management. The fund encourages shareholders to vote on this significant matter, emphasizing the importance of their participation. Additionally, proxy materials are available for review online, and assistance can be obtained through a provided contact number.

Form Type: DEFA14A

Filing Date: 2025-03-11

Corporate Action: Merger

Type: New

Accession Number: 000119312525052047

Filing Summary: Pioneer ILS Interval Fund is conducting a reorganization of its funds into newly-created Victory Pioneer Funds, which is recommended by Institutional Shareholder Services (ISS). This reorganization aims to integrate the advisory services of Amundi US with Victory Capital Management. Shareholders will vote on this proposal at a Special Meeting scheduled for March 27, 2025. The Trustees approved this plan on December 30, 2024. The newly-formed funds will maintain similar investment strategies and will have net expenses capped for at least three years equivalent to those of the corresponding Pioneer Funds. Detailed proxy materials have been sent to shareholders seeking their approval for the reorganization, emphasizing the importance of participating in the voting process to ensure effective representation of shares.

Form Type: DEFA14A

Filing Date: 2025-03-05

Corporate Action: Merger

Type: New

Accession Number: 000119312525047051

Filing Summary: Pioneer ILS Interval Fund is seeking shareholder approval for the reorganization of its funds into newly-created funds within the Victory Funds. This proposal will be presented for voting during the Special Meeting of Shareholders on March 27, 2025. Each Pioneer Fund will merge into a new Victory fund designed for this purpose, retaining similar investment objectives and strategies. The current management team will continue overseeing the new funds, and costs associated with the new funds will not exceed current expenses for the Pioneer Funds for at least three years after the reorganization. Shareholders are encouraged to vote on this important proposal as their participation is crucial for the decision-making process.

Form Type: DEFA14A

Filing Date: 2025-02-28

Corporate Action: Merger

Type: Update

Accession Number: 000119312525042479

Filing Summary: The document discusses an upcoming Special Meeting of Shareholders for the Pioneer ILS Interval Fund scheduled for March 27, 2025. It informs shareholders of an error in the previous proxy card/voting form regarding the proposals to be voted on. The correct proposals are outlined: first, the approval of a new Investment Advisory Agreement with Victory Capital Management Inc., and second, the election of Trustees. The document emphasizes the importance of voting and provides shareholders with a new proxy package that includes corrected information. The reorganization involves merging each Pioneer Fund into a newly created Fund within the Victory Funds, part of a larger effort to integrate Amundi US and Victory Capital Management. It reassures shareholders that the investment objectives and management will remain largely unchanged following the reorganization.

Form Type: DEFA14A

Filing Date: 2025-02-20

Corporate Action: Merger

Type: New

Accession Number: 000119312525029750

Filing Summary: Pioneer ILS Interval Fund is requesting shareholder approval for the reorganization of the fund into a newly created Victory Pioneer Fund as part of a transaction involving Amundi Asset Management US, Inc. and Victory Capital Holdings, Inc. The reorganization aims to integrate advisory businesses while maintaining the same investment objectives and strategies. The management teams will remain unchanged, and the net expenses will not exceed those of the corresponding Pioneer Fund. The Board of Trustees recommends approval, emphasizing that it is in the best interests of shareholders, and encourages voting via proxy materials prepared for the upcoming shareholder meeting scheduled for March 27, 2025.

Form Type: DEF 14A

Filing Date: 2025-02-11

Corporate Action: Acquisition

Type: New

Accession Number: 000182126825000061

Filing Summary: Pioneer ILS Interval Fund is holding a Special Meeting of shareholders on March 27, 2025, to seek approval for a new investment advisory agreement with Victory Capital Management Inc. This is part of a transaction where Amundi Holdings is combining its assets with Victory Holdings. Upon completion, Amundi's current advisory services will transition to Victory Capital. The current investment advisory agreement with Amundi will terminate automatically once the transaction is complete, but the advisory fee rate will remain unchanged. Additionally, shareholders will also elect Trustees, including David C. Brown from Victory Capital. The transaction, which is anticipated to close by the end of the first quarter of 2025, involves Victory Holdings issuing shares to Amundi in exchange for Amundi Holdings, among other agreements for distribution of investment products. It is emphasized that this transition is not expected to change the fund's management approach or strategies, nor affect portfolio management quality.

Form Type: DEF 14A

Filing Date: 2025-02-11

Corporate Action: Merger

Type: New

Accession Number: 000182126825000063

Filing Summary: A Special Meeting of shareholders of Pioneer ILS Interval Fund is scheduled for March 27, 2025, to seek approval for two primary proposals. First, shareholders are asked to approve a new investment advisory agreement with Victory Capital Management Inc., which will take effect upon the completion of a merger transaction between Amundi Holdings and Victory Holdings. This merger entails the transition of advisory responsibilities from Amundi Asset Management US, Inc. to Victory Capital. The current portfolio managers are expected to continue managing the Fund under the new agreement, which maintains existing fee structures. Second, shareholders will vote to elect Trustees of the Fund. The proposals are crucial as they may significantly impact the Fund's management and operations, emphasizing the importance of shareholder participation in the vote. Shareholders are encouraged to submit their votes by March 26, 2025, to ensure they are counted.