https://www.sec.gov/Archives/edgar/data/1785957/000027677621000049/secinc032621supp497e.txtFile Number: 333-233370
Filed Pursuant to Rule 497(e) of
the Securities Act of 1933
MARCH 26, 2021
PIONEER SECURITIZED INCOME FUND
SUPPLEMENT TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION, EACH
DATED DECEMBER 1, 2020
The Board of Trustees of Pioneer Securitized Income Fund (the "Predecessor
Fund") has approved the conversion of the Predecessor Fund into an open-end
fund. The conversion will be accomplished through the reorganization of the
Predecessor Fund with and into a newly-organized open-end fund, also called
Pioneer Securitized Income Fund (the "Successor Fund" and, together with the
Predecessor Fund, the "Funds") (the "Reorganization"). The Predecessor Fund is
managed by Amundi Asset Management US, Inc. ("Amundi US"), which also will
manage the Successsor Fund. An affiliate of Amundi US, as majority holder of
the shares of the Predecessor Fund will approve the Reorganization. The
Reorganization is expected to occur in the third quarter of 2021.
Following is a brief description of certain aspects of the Reorganization:
o Shareholders of the Successor Fund will be able to redeem their shares at the
share price next calculated after the Successor Fund receives the redemption
request in good order. The Successor Fund calculates its share price every
day the New York Stock Exchange is open for trading. In contrast,
shareholders of the Predecessor Fund generally are not able to liquidate
their investment other than as a result of repurchases of shares by the
Predecessor Fund. The Predecessor Fund currently makes a repurchase offer of
15% of its outstanding shares every three months.
o The Successor Fund will have the same investment objective and substantially
similar investment strategies and investment policies as the Predecessor
Fund.
o The Successor Fund will have the same investment adviser as the Predecessor
Fund and will continue to be managed by the Predecessor Fund's portfolio
management team.
o The management fee rate payable by the Successor Fund of 0.55% of the Fund's
average daily net assets up to $1 billion and 0.50% of the Fund's average
daily net assets over $1 billion will be lower than the Predecessor Fund's
management fee of 0.85% of the Fund's average daily net assets.
o The average annual total expenses payable by shareholders receiving shares of
the Successor Fund in the Reorganization are anticipated to be no higher
than the average annual total expenses payable by shareholders of the
Predecessor Fund.
o The Reorganization generally is not expected to result in income, gain or loss
being recognized for federal income tax purposes by the Funds or by the
shareholders of the Predecessor Fund as a direct result of the
Reorganization.
Additional information about the Reorganization and the Successor Fund will be
provided to shareholders prior to the consummation of the Reorganization.
32439-00-0321
(Copyright)2021 AMUNDI DISTRIBUTOR US, INC.
UNDERWRITER OF PIONEER MUTUAL FUNDS
MEMBER SIPC
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