Pioneer Investment Management is looking to merge a closed-end bond fund into a much larger open-end bond fund with a similar investment strategy.According to the terms of the reorganization, the assets and liabilities of the $90 million (MUO) (MUO) would be moved into the $970 million (PIOBX) (PIOBX) in exchange for its Y class shares.
Pioneer Merging Two Bond Funds
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.