Adjournment of Special Meeting of Stockholders

Earlier today, the special meetings of stockholders for Pioneer Diversified High Income Fund, Inc. (HNW), Pioneer Floating Rate Fund, Inc. (PHD), and Pioneer High Income Fund, Inc. (PHT) were held, wherein stockholders were asked to approve the liquidation and dissolution of each fund under the adopted Plan of Liquidation and Dissolution from their Board of Directors. However, each special meeting was adjourned to August 13, 2025, at 2:00 PM ET, allowing additional time for stockholders to cast their votes. The record date for stockholders entitled to vote at the adjourned meeting remains unchanged as June 9, 2025.

These funds are categorized as closed-end investment companies, trading under their respective symbols on the NYSE and NYSE American: PHT and PHD on NYSE, and HNW on NYSEAMER. As with all investments, there are inherent risks, including the potential loss of principal, and stakeholders are encouraged to consult tax and financial experts to better understand their options regarding investments.

It’s important to note that the distribution rates of these funds are not guaranteed and can fluctuate based on several factors such as actual or projected investment income and the level of undistributed net investment income. Shareholders should take care not to assess a fund’s investment performance solely based on its current distributions. Closed-end funds, distinct from open-end funds, are not offered continuously; their shares are traded in the open market and can often sell at prices that are below their net asset value (NAV).

For further inquiries about performance or additional fund information, stakeholders are directed to contact their financial advisor or visit Pioneer Investments’ dedicated communication channels.

The recent adjournment of the special meetings for Pioneer Diversified High Income Fund, Inc. (HNW), Pioneer Floating Rate Fund, Inc. (PHD), and Pioneer High Income Fund, Inc. (PHT) to August 13, 2025, has generated a crucial juncture for current and potential investors. Each meeting aimed to secure stockholder approval for the proposed liquidation and dissolution of the funds, a decision that reflects broader trends and challenges in the closed-end fund market.

Investors should carefully interpret the implications of this postponement. It suggests the board is seeking a more robust stockholder consensus before proceeding with such significant corporate restructuring. This indicates that the funds’ management is still navigating stockholder sentiments regarding liquidation, which may influence market stability and investor confidence.

For those holding shares, this extension provides an opportunity to reassess their investment strategies. Given that these closed-end funds are trading below their Net Asset Value (NAV), potential investors might find a unique entry point, should they believe in a rebound or alternate management strategies that could preempt liquidation. However, caution is warranted; these funds' distribution rates are not guaranteed and can significantly alter with changing market conditions.

Furthermore, with the record date for voting unchanged as of June 9, 2025, existing shareholders should consider engaging actively in the voting process to influence the outcome that aligns with their investment philosophy.

Investors must approach these funds with a nuanced understanding of the associated risks, particularly when considering the market's volatility and the critical nature of this upcoming vote. It’s essential to engage with qualified financial advisors to evaluate the risks adequately and assess whether to hold, sell, or accumulate shares ahead of the adjourned meeting. Ultimately, the decision to support or oppose the liquidation plan will have lasting implications for the funds and their stakeholders.