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Pioneer High Income to redeem $151 million auction-market preferreds
By Tali Rackner
Norfolk, Va., Feb. 11 - Pioneer High Income Trust called three series of its auction-market preferred shares, according to a Rule 23C-2 filing with the Securities and Exchange Commission.
The trust will redeem 2,020 series W preferreds on March 13, 2,000 series TH preferreds on March 14 and 2,020 series M preferreds on March 18.
The preferreds will be redeemed at a liquidation preference of $25,000 per share, for a total of $151 million.
Based in Boston, Pioneer Investments is the trade name for Pioneer Global Asset Management SpA, an investment firm, and its subsidiaries.
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