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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pioneer Floating Rate Fund Inc | NYSE:PHD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.80 | 0 | 09:09:47 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐ | Preliminary Proxy Statement | |
☐ | Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |
☐ | Definitive Proxy Statement | |
☐ | Definitive Additional Materials | |
☒ | Soliciting Material Pursuant to §240.14a-12 |
PIONEER FLOATING RATE TRUST
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Copies to:
Roger P. Joseph, Esq. Toby R. Serkin, Esq. Morgan, Lewis & Bockius LLP One Federal Street Boston MA 02110 (617) 341-7700 |
Keith E. Gottfried, Esq. Morgan, Lewis & Bockius LLP 1111 Pennsylvania Avenue, N.W. Washington, DC 20004-2541 (202) 739-3000 |
Payment of Filing Fee (Check the appropriate box):
☒ | No fee required. | |||
☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | |||
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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(3) |
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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(4) |
Proposed maximum aggregate value of transaction:
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(5) |
Total fee paid:
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☐ | Fee paid previously with preliminary materials. | |||
☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | |||
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Amount Previously Paid:
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(2) |
Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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Pioneer Floating Rate Trust (the Fund) is filing materials contained in this Schedule 14A with the U.S. Securities and Exchange Commission (SEC) in connection with the Funds solicitation of proxies from its shareholders in connection with the matters to be considered at the Funds 2020 Annual Meeting of Shareholders and at any and all adjournments, postponements, continuations, and reschedulings thereof (the 2020 Annual Meeting). As of the filing of this Schedule 14A, the Fund has not filed a preliminary or definitive proxy statement with the SEC in connection with its solicitation of proxies to be used at the 2020 Annual Meeting.
Press Release Issued on May 6, 2020
Attached hereto is a press release issued by the Fund on May 6, 2020 confirming its receipt of a notice from Saba Capital Master Fund, Ltd. (Saba) notifying it of its intention to nominate three candidates to stand for election to the Funds Board of Trustees at the 2020 Annual Meeting and to present a shareholder proposal at such meeting. This press release is being filed herewith because it may be deemed to be solicitation material in connection with the Funds solicitation of proxies to be used at the 2020 Annual Meeting.
Important Additional Information And Where To Find It
The Fund intends to file a proxy statement and accompanying WHITE proxy card with the SEC in connection with the solicitation of proxies from the Funds shareholders in connection with the matters to be considered at the Funds 2020 Annual Meeting of Shareholders. INVESTORS AND SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND THE ACCOMPANYING WHITE PROXY CARD AND OTHER DOCUMENTS FILED BY THE FUND WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able to obtain the Proxy Statement, any amendments or supplements to the Proxy Statement, the accompanying WHITE proxy card, and other documents filed by the Fund with the SEC free of charge at the SECs website at www.sec.gov. Copies will also be available free of charge at the Funds website at https://www.amundipioneer.com/us/Products/Closed-End-Funds, by writing to the Funds Secretary at Pioneer Floating Rate Trust, 60 State Street, Boston, Massachusetts 02109, or by contacting the Fund at 1.800.225.6292.
The Funds trustees, executive officers, and certain persons associated with the Funds investment adviser and its parent company are deemed participants in the solicitation of proxies from the Funds shareholders in connection with the matters to be considered at the 2020 Annual Meeting. Information regarding the names of the Funds trustees, executive officers, and certain persons associated with the Funds investment adviser and its parent company and their respective direct or indirect interests in the Fund by security holdings or otherwise can be found in the Funds proxy statement for its 2019 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission (SEC) on August 5, 2019. To the extent holdings of the Funds securities have changed since the amounts set forth in the Funds proxy statement for its 2019 Annual Meeting of Shareholders, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. These documents are available free of charge at the SECs website at www.sec.gov. Additional information regarding the Funds trustees, executive officers, and certain persons associated with the Funds investment adviser, its parent company, and other participants in the solicitation of proxies from the Funds shareholders in connection with the matters to be considered at the 2020 Annual Meeting, and their respective direct or indirect interests in the Fund, through security holdings or otherwise, will be set forth in the Funds proxy statement for the 2020 Annual Meeting, including the schedules and appendices thereto.
PIONEER FLOATING RATE TRUST CONFIRMS RECEIPT
OF NOTICE FROM SABA; SHAREHOLDERS NOT REQUIRED TO TAKE ANY ACTION AT THIS TIME
FOR IMMEDIATE RELEASE
May 6, 2020
Boston, Massachusetts Pioneer Floating Rate Trust (NYSE: PHD) (the Fund) today confirmed that it has received a notice from Saba Capital Master Fund, Ltd. (Saba) regarding its intent to nominate three candidates for election to the Funds Board of Trustees at the Funds 2020 Annual Meeting of Shareholders and to present a shareholder proposal.
Fund shareholders are not required to take any action at this time. The Funds definitive proxy statement to be filed with the Securities and Exchange Commission in connection with its 2020 Annual Meeting of Shareholders will present formal recommendations regarding Sabas candidates and proposal.
About Pioneer Floating Rate Trust
Pioneer Floating Rate Trust is an NYSE listed closed-end fund that seeks a high level of current income. It also seeks capital preservation as a secondary objective to the extent consistent with its primary objective.
About Amundi Pioneer Asset Management
Amundi Pioneer is the U.S. business of Amundi, Europes largest asset manager by assets under management and ranked among the ten largest globally[1]. Boston is one of Amundis six main global investment hubs and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific. Our long history of proprietary research, robust risk management, disciplined investment processes, and strong client relationships has made Amundi Pioneer an investment advisor of choice among leading institutional and individual investors worldwide. Amundi Pioneer had approximately $78 billion in assets under management as of March 31, 2020.
[1] |
Source IPE Top 400 asset managers published in June 2019 and based on AUM as of end December 2018. |
Important Additional Information and Where To Find It
The Fund intends to file a proxy statement and accompanying WHITE proxy card with the SEC in connection with the solicitation of proxies from the Funds shareholders in connection with the matters to be considered at the Funds 2020 Annual Meeting of Shareholders. INVESTORS AND SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND THE ACCOMPANYING WHITE PROXY CARD AND OTHER DOCUMENTS FILED BY THE FUND WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able to obtain the Proxy Statement, any amendments or supplements to the Proxy Statement, the accompanying WHITE proxy card, and other documents filed by the Fund with the SEC free of charge at the SECs website at www.sec.gov. Copies will also be available free of charge at the Funds website at https://www.amundipioneer.com/us/Products/Closed-End-Funds, by writing to the Funds Secretary at Pioneer Floating Rate Trust, 60 State Street, Boston, Massachusetts 02109, or by contacting the Fund at 800-225-6292.
The Funds Trustees, executive officers, and certain persons associated with the Funds investment adviser and its parent company are deemed participants in the solicitation of proxies from the Funds shareholders in connection with the matters to be considered at the Funds 2020 Annual Meeting of Shareholders. Information regarding the names of the Funds Trustees, executive officers, and certain persons associated with the Funds investment adviser and its parent company and their respective direct or indirect interests in the Fund by security holdings or otherwise can be found in the Funds proxy statement for its 2019 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission (SEC) on August 5, 2019. To the extent holdings of the Funds securities have changed since the amounts set forth in the Funds proxy statement for its 2019 Annual Meeting of Shareholders, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. These documents are available free of charge at the SECs website at www.sec.gov.
Additional information regarding the Funds Trustees, executive officers, and certain persons associated with the Funds investment adviser, its parent company, and other participants in the solicitation of proxies from the Funds shareholders in connection with the matters to be considered at the Funds 2020 Annual Meeting of Shareholders, and their respective direct or indirect interests in the Fund, through security holdings or otherwise, will be set forth in the Funds proxy statement for its 2020 Annual Meeting of Shareholders, including the schedules and appendices thereto.
Visit amundipioneer.com/us for more information.
Follow us on www.linkedin.com/company/amundi-pioneer and https://twitter.com/amundipioneer.
Media Inquiries Please Contact:
Geoff Smith
617-504-8520
geoff.smith@amundipioneer.com
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