The following outstanding shares from Pioneer Investment's fund Pioneer
High Income Trust (NYSE: PHT) have been fully redeemed and are paid in
full, according to Fitch Ratings:
--$50,500,000 of AMPS, series W to 'PIF' from 'AAA';
--$50,000,000 of AMPS, series TH to 'PIF' from 'AAA';
--$50,500,000 of AMPS, series M to 'PIF' from 'AAA';
PHT 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'.
The sources of information used to assess these ratings were the public
domain, and Pioneer Investments.
Applicable Criteria and Related Research:
--'Rating Closed-End Fund Debt and Preferred Stock' (Aug. 14, 2013);
--'2014 Outlook: Closed-End Funds' (Jan. 14, 2014).
Applicable Criteria and Related Research:
Rating Closed-End Fund Debt and Preferred Stock
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=716220
2014 Outlook: Closed-End Funds (Structural Protections Support Rating
Stability)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=726592
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=824344
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