Pioneer Floating Rate Trust

The Pioneer Floating Rate Fund has outperformed bond indices recently due to its investment in floating-rate securities, benefiting from the Federal Reserve's monetary tightening from 2022 to mid-2024. Falling interest rates will pressure the fund's income and distribution, as floating-rate securities' coupons decline without delivering capital gains. Despite its attractive 11.20% yield, the fund's income will likely decline, forcing a distribution cut as the Federal Reserve continues reducing rates.

PHD: Income Seekers Should Start Looking For Other Options

Pioneer Diversified High Income Trust

Pioneer Municipal High Income Advantage Trust

Pioneer Municipal High Income Trust

Pioneer Municipal High Income Opportunities Fund

Pioneer High Income Trust

BOSTON--(BUSINESS WIRE)--Amundi US today announced a proposed transaction affecting the following Pioneer closed-end funds: Pioneer Diversified High Income Fund, Inc. (NYSEAMER: HNW) Pioneer Floating Rate Fund, Inc. (NYSE: PHD) Pioneer High Income Fund, Inc. (NYSE: PHT) Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE: MIO) Amundi Asset Management US, Inc. (the “Advise.

Amundi US Announces Proposed Transaction Relating to Pioneer Closed-End Funds

The Pioneer Floating Rate Fund offers a high level of income with an 11.54% yield, comparable to its peers. The fund lacks inflation protection, which may be a concern for investors looking to preserve the purchasing power of their assets. The fund has outperformed investment-grade and junk bonds since early January, providing a total return of 9.33% for investors.

PHD: This Floater Fund Is Increasing Its Appeal To Risk-Averse Investors

Invesco Senior Income Trust

VVR and PDH both yield over 11% and pay monthly. We compare NAV valuations, performance, and holdings for both funds. Both funds have positive five-year distribution growth rates.

VVR And PHD: Monthly Floating Rate CEFs

The Pioneer Floating Rate Fund, Inc. offers a high level of current income with a 12.20% current yield, higher than junk bond funds. The PHD closed-end fund has underperformed fixed-rate bond indices due to lack of price appreciation, but this may change in the coming weeks. The fund invests in floating-rate loans, which provide income and are less affected by changes in interest rates, making it a safer asset to hold.

PHD: Switch From Bonds Into This Floating-Rate Loan Fund

Pioneer Floating Rate Fund and Invesco Senior Income Trust have outperformed the S&P 500 thanks to increased monthly distributions. VVR has had the strongest return at 12.54%, compared to 7.87% for PHD and 4.26% for the S&P 500. VVR has a better long-term track record.

VVR And PHD: 2 Monthly Floating Rate CEFs Raising Dividends, Selling At Discounts

Pioneer Floating Rate Fund, Inc. offers a high level of current income with a whopping 12.43% yield. The PHD closed-end fund has outperformed the Bloomberg U.S. Aggregate Bond Index and the S&P 500 Index since the start of 2022. The fund's distribution has varied over the years, due to variations in interest rates.

PHD: One Of The Few Debt Funds That Benefits From Rising Rates

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

BlackRock Floating Rate Income Trust

Blackrock Floating Rate Income Strategies Fund Inc

Nuveen Floating Rate Income Fund

Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating market concerns. Investing in CEFs that hold floating rate senior loans can provide a high yield income stream that benefits from rising interest rates.

Rising Interest Rates Got You Down? Try Floating Above The Fear

The Pioneer Floating Rate Fund aims to deliver high current income from floating rate loans. The PHD fund has generated modest long-term returns of 6.0%/3.1%/3.8%/4.6% over 3/5/10/15-year horizons, but its distribution yield may be too generous and unsustainable. Investors should try to avoid amortizing 'return of principal' funds like PHD as they lead to long-term principal losses.

PHD: Another Amortizing Fund To Avoid

The Pioneer Floating Rate Fund has underperformed compared to its peers, despite a rise in disbursable cash flow due to increased interest rates. The fund has tended to choose credits with inferior risk/reward metrics when compared to its peers. The CEF has a wide discount to NAV on the back of its mediocre performance. The discount will not narrow until we see a new structural bull market.

PHD: A Laggard In The Leveraged Loan CEF World

PHD And VVR: Two 12% Yielders Raising Dividends, At Discounts

The Pioneer Floating Rate Trust trades at a discount of -11% and pays a monthly distribution that has been raised 5 months in a row. The current annual yield exceeds 11.5% and benefits from rising interest rates due to its mostly floating rate senior secured loans that it holds.

PHD: Leverage Rising Interest Rates With This High-Yield Floating-Rate Fund

One of these 2 high yielders has raised its payouts 4 times so far in 2022, the other one has raised it 2X. They yield 9.97% and 10.66%, and pay monthly.

Two 10% Yielding CEFs Raising Their Monthly Dividends, Selling At Discounts

BNY Mellon High Yield Strategies Fund 

Highland Income Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The Quality Closed-End Fund Report, October 2022

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Yield Opportunities Fund

DoubleLine Income Solutions Fund

Western Asset Global High Income Fund

Flaherty & Crumrine Total Return Fund Inc

Western Asset High Income Opportunity Fund Inc

Western Asset High Income Fund

John Hancock Preferred Income Fund

Nuveen Preferred & Income Securities Fund

Nuveen Real Asset Income & Growth Fund

Oxford Lane Capital

Pimco Global Stockplus & Income Fund

Principal Real Estate Income Fund

RiverNorth Capital and Income Fund

Franklin Templeton Emerging Markets Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2022

Barings Global Short Duration High Yield Fund

Western Asset Emerging Markets Debt Fund

Western Asset High Yield Defined Opportunity Fund Inc

Ivy High Income Opportunities Fund

KKR Income Opportunities Fund

Pimco High Income Fund

Western Asset Premier Bond Fund

YieldShares High Income ETF

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, July 2022

BOSTON--(BUSINESS WIRE)--Amundi US today announced that the annual shareholder meeting for each of the six Pioneer closed-end funds listed below will be held at the offices of Morgan, Lewis & Bockius LLP, One Federal Street, Boston, Massachusetts 02110, on Thursday, September 15, 2022 at 2:00 p.m. Eastern time. Pioneer Diversified High Income Fund, Inc. (NYSEAMER: HNW) Pioneer Floating Rate Fund, Inc. (NYSE: PHD) Pioneer High Income Fund, Inc. (NYSE: PHT) Pioneer Municipal High Income Fund,

Amundi US Announces Annual Shareholder Meeting Date for Pioneer Closed-End Funds

Pioneer Floating Rate Fund (PHD) is a leveraged loan fund from the French asset manager Amundi. The fund exhibits a good NAV performance in the past ten years, with only a modest -0.66% annual give-up.

PHD - 5.87% Yield From This Loan Fund

Aberdeen Income Credit Strategies Fund

Alpine Total Dynamic Dividend Fund

Ares Dynamic Credit Allocation Fund

Credit Suisse Asset Management Income Fund

Doubleline Opportunistic Credit Fund

Blackrock Debt Strategies Fund Inc

Allspring Income Opportunities Fund

Eagle Point Credit

First Trust MLP & Energy Income Fund

First Trust New Opportunities Mlp & Energy Fund

PGIM Global High Yield Fund

PGIM High Yield Bond Fund

Only funds with yields over 6.50%, coverage higher than 80% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, July 2021

BlackRock 2022 Global Income Opportunity Trust

BlackRock Multi-Sector Income Trust

Blackrock Limited Duration Income Trust

MFS Intermediate High Income Fund

Eaton Vance Short Duration Diversified Income Fund

Nuveen Floating Rate Income Opportunity Fund ETF

Neuberger Berman High Yield Strategies Fund Inc

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PGIM Shrt Duratin Hgh Yld Opprtnts Fund

Invesco High Income Trust II

These are some options that I think you can buy today if you own the selling candidate. Some of the buy candidates on here I would even buy outright if I didn't own the "sell."

Some Relative CEF Value Trades And Opportunities

Vertical Capital Income Fund.

Floating rate ("loan") securities have been out of favor for more than a year as investors saw interest rates plummet. The loan market looks very compelling relative to high-yield fixed coupon bonds. The avg. price is below par vs. a premium to par for bonds.

CEF Floating Rate Sector Update: Rates Are Rising Which Should Shine A Light On The Sector

BOSTON--(BUSINESS WIRE)--Pioneer Floating Rate Trust (NYSE: PHD) (the “Fund”) announced today that it has commenced a tender offer. The Fund will purchase up to 50% of the Fund's outstanding common shares (the “Shares”) at a price per Share equal to 98.5% of the net asset value per Share as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the business day immediately following the expiration date of the tender offer. The tender offer will expire on December 22, 2020 at

Pioneer Floating Rate Trust Announces Commencement of Tender Offer

PHD is a junkier floating rate loan fund that has been attacked by Saba for the last year or more. Saba had collected almost a quarter of the outstanding shares of the fund and began an activist push in August.

Fund Spotlight: Reasons I Have Been Buying PHD

Brandywine Global Income Opportunities Fund Inc

With yield compression running apace, investors are turning to alpha-generation strategies to drive income-portfolio returns.

Generating Alpha With CEF Tender Offers

Shares of Pioneer Floating Rate Inc (NYSE:PHD) rose by 0.3% from the previous closing price.

News for Pioneer Floating Rate Trust ETF (PHD)