PHD News and Press, Pioneer Floating Rate Trust Shares of Beneficial Interest From 12/28/20

Pioneer Floating Rate Trust (NYSE: PHD) (the “Fund”) announced today the final results for the previously announced issuer tender offer for up to 50% of the Fund’s outstanding common shares (the “Shares”). The Fund’s tender offer expired on Tues...

Pioneer Floating Rate Trust (NYSE: PHD) (the “Fund”) announced today the expiration and preliminary results for the previously announced tender offer for up to 50% of the Fund’s outstanding common shares (the “Shares”). The Fund’s tender offer e...

We recently included PPR in our Tactical Income- 100 portfolio from PHD to take advantage of a tender offer. PHD is also set for a tender offer, but the price has appreciated considerably since announcement. PPR invests mostly in senior loans, and they recently increased their dis...

Pioneer Floating Rate Trust (NYSE: PHD) (the “Fund”) announced today that it has commenced a tender offer. The Fund will purchase up to 50% of the Fund’s outstanding common shares (the “Shares”) at a price per Share equal to 98.5% of the net asset valu...

PHD is a junkier floating rate loan fund that has been attacked by Saba for the last year or more. Saba had collected almost a quarter of the outstanding shares of the fund and began an activist push in August. Pioneer and Saba came to an agreement at the end of August for a 50% t...

Pioneer Floating Rate Trust (NYSE: PHD) today reported sources of distribution for October and this fiscal year to date. The following table sets forth estimates of the character of the current distribution and the cumulative distributions paid this fiscal year to date from the foll...

Stimulus talks continue as the two parties try to hash out a deal before the elections.  That deal before November is becoming more elusive. The September payrolls report showed that 661K jobs were added in the month, which was below expectations of 850K.  Unemployment rate ...

With yield compression running apace, investors are turning to alpha-generation strategies to drive income-portfolio returns. Tender offers can provide alpha opportunities in two ways: by providing outperformance potential for the given fund as well as a measure of discount control. ...

Pioneer Floating Rate Trust (PHD) declares $0.0625/share monthly dividend, in line with previous.Forward yield 7.35%Payable Oct. 30; for shareholders of record Oct. 16; ex-div Oct. 15.See PHD Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Pioneer Floati...

We go through what is an interesting macro picture including why the markets sold off- blame Robinhooders playing with options! Interest rates eased back down - again- after spiking. We think this could be a recurring theme for the rest of the year. Brief spikes with some rate fears. ...