Pioneer Floating Rate Trust(NYSE: PHD) announces a share repurchase program. Under the offer, the fund will repurchase up to 50% of its outstanding common shares. The shares will be repurchased 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 20, 2020.