Pioneer Floating Rate Fund, Inc.
PHD
New York Stock Exchange9.95
USD
-0.01
(-0.10%)
CIK
0001305767
ISIN
US72369J1025
CUSIP
72369J102
Return %
Stock
S&P500
1Y
0.91
26.53
3Y
13.58
76.60
5Y
-3.40
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mark Kiyoshi Okada
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 60 State Street Boston MA United States of America 02109-1800
- IPO Date
- Dec 23, 2004
- CIK
- 0001305767
- Similar Companies
- Business
- Pioneer Floating Rate Fund, Inc. (PHD) operates as a closed-end management investment company focused on delivering a high level of current income through investments in floating-rate loans and related fixed-income securities. The fund primarily allocates at least 80% of its assets to senior secured floating-rate loans issued by companies across sectors including consumer goods, healthcare, technology, communications, basic industry, capital goods, financials, banks, insurance, transportation, utilities, and energy; it benchmarks performance against the Barclays U.S. High Yield Loans Index. Formed on October 6, 2004, and domiciled in the United States with investment advisory services provided by Amundi Asset Management US, Inc., formerly associated with Pioneer Investment Management, Inc., the fund targets U.S. fixed-income markets and retail investors seeking yield from adjustable-rate debt instruments. In a major strategic shift, shareholders approved the liquidation and dissolution of the fund at a special meeting on August 13, 2025, following an initial adjournment from July 17; the fund liquidated on October 10, 2025, ceased trading on the New York Stock Exchange prior to October 13, 2025, and issued its primary liquidating distribution of approximately $9.74 per share on October 15, 2025, with potential smaller follow-on distributions from remaining assets. This development concludes the fund's operations after delivering modest long-term returns and a high yield of around 9-10%, driven by its floating-rate exposure that benefited from interest rate hikes through mid-2024.