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An announcement from Pioneer Floating Rate Fund, Inc. ( (PHD) ) is now available.
On May 6, 2025, the Board of Directors of several Pioneer Funds, including Pioneer Floating Rate Fund, Inc., amended their Bylaws to remove Article II, Section 13. This section previously subjected the funds to the Maryland Control Share Acquisition Act, which limited voting rights for individuals acquiring significant ownership of the fund’s common stock. The removal of this article could potentially impact the control dynamics within the funds, allowing greater flexibility for shareholders acquiring larger stakes.
More about Pioneer Floating Rate Fund, Inc.
Average Trading Volume: 62,151
For a thorough assessment of PHD stock, go to TipRanks’ Stock Analysis page.