Pioneer Floating Rate Fund, Inc. has announced the approval of its liquidation and dissolution plan following a special meeting of stockholders. The fund will begin liquidating its portfolio to distribute cash to stockholders, marking a shift away from its investment objectives and regular business activities. The proceeds from the liquidation will be distributed as the fund's net asset value, after settling all charges and liabilities. The redemption of all outstanding shares will occur without any additional transaction fees upon completion of the final liquidating distribution.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pioneer Floating Rate Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250825011733) on August 25, 2025, and is solely responsible for the information contained therein.