Closed-end management investment company that seeks high current income and capital appreciation by investing in a diversified portfolio of high-yield securities.
Pioneer High Income Fund, Inc. operates as a closed-ended fixed income mutual fund managed by Pioneer Investment Management, Inc. The fund specializes in investing within the fixed income markets of the United States, focusing particularly on below-investment-grade bonds, high-yield corporate bonds, and convertible securities. These investments are typically associated with higher credit risk but offer potentially higher returns.
The primary objective of Pioneer High Income Fund, Inc. is to generate income and achieve capital appreciation by strategically investing in bonds rated BBB- or lower by Standard and Poor's or equivalent rating agencies. By targeting these securities, the fund aims to capitalize on the higher yields associated with bonds that carry greater credit risk in the market.
Established on April 25, 2002, Pioneer High Income Fund, Inc. is domiciled in the United States. It benchmarks its performance against the Bank of America Merrill Lynch High Yield Master II Index, which serves as a measure of the overall performance of high-yield bonds in the U.S. fixed income market. Through its focused investment strategy and adherence to benchmarking practices, the fund seeks to provide investors with opportunities for income generation while managing the inherent risks associated with below-investment-grade bonds.