Fitch: Pioneer Fund Preferred Shares PIF

The following outstanding shares from Pioneer Investment's fund Pioneer Floating Rate Trust (NYSE: PHD) have been fully redeemed and are paid in full, according to Fitch Ratings:

--$60,850,000 of AMPS, series M, W and TH to 'PIF' from 'AAA'.

PHD has redeemed all of its outstanding auction market preferred shares (AMPS). The fund's Board of Trustees authorized a separate third-party debt facility and the redemption of the fund's outstanding AMPS. The facility will be used to replace the fund's outstanding AMPS as a form of leverage.

Additional information is available at 'www.fitchratings.com'.

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=811100

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Contacts:

Fitch Ratings
Primary Analyst
Gwen Fink-Stone, J.D., +1-212-908-9128
Associate Director
Fitch Ratings, Inc.
One State Street Plaza
or
Secondary Analyst
Yuriy Layvand, CPA, CFA, +1-212-908-9191
Director
or
Media Relations
Brian Bertsch, +1 212-908-0549
brian.bertsch@fitchratings.com

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