Pioneer Floating Rate Trust (NYSE:PHD) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On November 24, 2020, the Board of Trustees of Pioneer Floating Rate Trust amended and restated each of its existing Amended and Restated Agreement and Declaration of Trust (as so amended and restated, the Declaration) and its existing Amended and Restated By-Laws (and as so amended and restated, the By-Laws), effective immediately. The Declaration was amended, among other things, to increase the quorum requirement for shareholder meetings. The By-Laws were revised to provide, among other things, enhancements to certain procedural matters related to shareholder meetings, shareholder nominations and shareholder proposals, increased voting requirements for the election of trustees, and other clarifying and conforming amendments.
The foregoing descriptions are qualified in their entirety by reference to the full text of the Declaration and the full text of the By-Laws, copies of which are attached hereto as Exhibit 99.1(a) and Exhibit 99.1(b) and are incorporated by reference herein.
Pioneer Floating Rate Trust Exhibit
EX-99.1(A) 2 d95705dex991a.htm AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST Amended and Restated Agreement and Declaration of Trust PIONEER FLOATING RATE TRUST AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST This AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST is made as of this 24th day of November,…
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About Pioneer Floating Rate Trust (NYSE:PHD)
Pioneer Floating Rate Trust (the Trust) is a diversified, closed-end management investment company. The investment objective of the Trust is to provide a high level of current income. The Trust, as a secondary objective, may also seek preservation of capital to the extent consistent with its investment objective of high current income. It invests in floating-rate senior loans and other securities deemed to be illiquid. The Trust invests in below investment grade (high yield) debt securities, floating rate loans and event-linked bonds sometimes referred to as catastrophe bonds or insurance-linked bonds. The Trust may invest in securities and other obligations of any credit quality, including those that are rated below investment grade, or are unrated. It also invests in securities of issuers that are in default or that are in bankruptcy. Pioneer Investment Management, Inc. (PIM) serves as the investment advisor to the Trust.