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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 72369H106
- Market Cap
- Small Cap · $375 Million
- IPO
- 4/29/2002 · $15.00/share
- Previous Symbol
- PHH (changed 1/5/2005)
- Previous Name
- Pioneer High Income Trust
Fund Description: Pioneer High Income Fund Inc. formerly, Pioneer High Income Trust is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The Fund's investment objective is a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent consistent with its investment objective. <p> FUND STRATEGY: Under normal market conditions, the Fund invests at least 80% of its assets in below investment grade (high yield) debt securities, loans and preferred stocks. These securities are rated Ba or lower by Moody's or BB or lower by Standard & Poor's or are unrated securities of comparable quality as determined by the trust's investment adviser. Because the trust's investments will be concentrated in high yield securities, it will be subject to risks of such securities. Below investment grade securities are commonly referred to as "junk bonds" and are considered speculative with respect to the issuer's capacity to pay interest and repay principal. They involve greater risk of loss, are subject to greater price volatility and are less liquid, especially during periods of economic uncertainty or change, than higher rated debt securities. <p> FUND MANAGEMENT: Amundi Asset Management US, Inc. is the Trust's investment adviser.
Company Contact
- Headquarters
-
60 State Street, Boston, MA 02109
- Phone
- 800-225-6292 · Toll-Free 800-225-4321
- Fax
- 800-225-4240
- Investor Relations
- Geoff Smith · 617-422-4727 · ask.pioneer@pioneerinvestments.com