UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934

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PIONEER DIVERSIFIED HIGH INCOME FUND, INC. (HNW)
PIONEER FLOATING RATE FUND, INC. (PHD)
PIONEER HIGH INCOME FUND, INC. (PHT)
PIONEER MUNICIPAL HIGH INCOME FUND, INC. (MHI)

PIONEER MUNICIPAL HIGH INCOME ADVANTAGE FUND, INC. (MAV) PIONEER MUNICIPAL HIGH INCOME OPPORTUNITIES FUND, INC. (MIO)


(Name of Registrant(s) as Specified In Its Charter)

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PIONEER DIVERSIFIED HIGH INCOME FUND, INC. (HNW)
PIONEER FLOATING RATE FUND, INC. (PHD)
PIONEER HIGH INCOME FUND, INC. (PHT)
PIONEER MUNICIPAL HIGH INCOME FUND, INC. (MHI)
PIONEER MUNICIPAL HIGH INCOME ADVANTAGE FUND, INC. (MAV)
PIONEER MUNICIPAL HIGH INCOME OPPORTUNITIES FUND, INC. (MIO)

60 State Street
Boston, Massachusetts 02109
1-833-459-3559

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
SCHEDULED FOR SEPTEMBER 15, 2022

To the stockholders of Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc., Pioneer Municipal High Income Advantage Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc.:

The annual meeting of stockholders (the "annual meeting") of each of the above registered investment companies (each, a "fund" and, collectively, the "funds") is scheduled to be held at the offices of Morgan, Lewis & Bockius LLP, One Federal Street, Boston, Massachusetts 02110, on Thursday, September 15, 2022 at 2:00 p.m. Eastern time, to consider the following:

1. To elect three Directors of your fund, as named in the attached proxy statement: (i) with respect to each of Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc., two by the holders of shares of Common Stock and Preferred Stock voting together as a single class, and one by the holders of shares of Preferred Stock voting as a separate class, and (ii) with respect to each of Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc., by the holders of shares of Common Stock. Each elected Director will serve until the third annual meeting following his or her election and until his or her successor is duly elected and qualifies.

2. To consider any other business that may properly come before the annual meeting or any postponements or adjournments thereof.

The Board of Directors (the "Board") of each fund knows of no business other than that mentioned in this Notice of annual meeting of stockholders that will be presented for consideration at the annual meeting. If any other matters are properly presented at the annual meeting, it is the intention of the persons named as proxies by the Board to vote on such matters in accordance with their discretion.

Each fund will hold a separate meeting. Stockholders of each fund will vote separately.

YOUR DIRECTORS RECOMMEND THAT YOU VOTE IN FAVOR OF ALL PROPOSALS.

The Board has fixed the close of business on July 7, 2022 as the record date for the determination of the stockholders entitled to notice of and to vote at the annual meeting and any postponements or adjournments thereof.


IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE MEETING TO BE HELD ON SEPTEMBER 15, 2022: This Notice and the attached Proxy Statement are available on the Internet at www.eproxyaccess.com/amundi2022.

By Order of each Board of Directors,

Christopher J. Kelley, Chief Legal Officer and Secretary

Boston, Massachusetts
August 1, 2022

WHETHER OR NOT YOU EXPECT TO ATTEND THE ANNUAL MEETING, AND IN ORDER TO FACILITATE TIMELY RECEIPT OF YOUR PROXY VOTE, WE RESPECTFULLY URGE YOU TO SUBMIT VOTING INSTRUCTIONS BY TELEPHONE OR OVER THE INTERNET AS PROMPTLY AS POSSIBLE. ALTERNATIVELY, YOU MAY SUBMIT VOTING INSTRUCTIONS BY SIGNING, DATING AND RETURNING THE ENCLOSED PROXY CARD IN THE ACCOMPANYING POSTAGE-PAID RETURN ENVELOPE. VOTING NOW WILL NOT LIMIT YOUR RIGHT TO CHANGE YOUR VOTE OR TO ATTEND THE ANNUAL MEETING.

33065-00-0822


PROXY STATEMENT OF
PIONEER DIVERSIFIED HIGH INCOME FUND, INC. (HNW)
PIONEER FLOATING RATE FUND, INC. (PHD)
PIONEER HIGH INCOME FUND, INC. (PHT)
PIONEER MUNICIPAL HIGH INCOME FUND, INC. (MHI)
PIONEER MUNICIPAL HIGH INCOME ADVANTAGE FUND, INC. (MAV)
PIONEER MUNICIPAL HIGH INCOME OPPORTUNITIES FUND, INC. (MIO)

60 State Street
Boston, Massachusetts 02109
1-833-459-3559

ANNUAL MEETING OF STOCKHOLDERS

This proxy statement contains the information you should know before voting on the proposal summarized below.

Each fund will furnish without charge a copy of its most recent annual report and any more recent semi-annual report to any stockholder upon request. Stockholders who want to obtain a copy of a fund's reports should direct all written requests to the attention of the fund, at the address listed above, or should call the fund at 1-800-710-0935.

INTRODUCTION

This proxy statement is being used by the Board of Directors (the "Board") of each fund to solicit proxies to be voted at the annual meeting of stockholders (the "annual meeting") of each fund referenced above. Participating in the meeting are holders of shares of common stock, $0.001 par value per share (the "Common Stock") of each fund referenced above and the holders of shares of preferred stock, $0.001 par value per share (the "Preferred Stock") of Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. Each meeting is scheduled to be held at the offices of Morgan, Lewis & Bockius LLP, One Federal Street, Boston, Massachusetts 02110, at 2:00 p.m., Eastern Time, on Thursday, September 15, 2022, and at any postponements or adjournments thereof to a later date, for the purposes as set forth in the accompanying notice of annual meeting of stockholders. You may call the funds at 1-800-710-0935 for information on how to obtain directions to be able to attend the meeting and vote in person.

This proxy statement and the enclosed proxy card are being mailed to stockholders of each fund on or about August 1, 2022. The annual report for each fund for its most recently completed fiscal year previously was mailed to stockholders.

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WHO IS ELIGIBLE TO VOTE

Stockholders of record of each fund as of the close of business on July 7, 2022 (the "record date") are entitled to vote on all of the fund's business at the annual meeting and any postponements or adjournments thereof. Each whole share shall be entitled to one vote and each fractional share shall be entitled to a proportionate fractional vote. Even if you plan to attend the Meeting, please sign, date and return the enclosed proxy card, or provide voting instructions by telephone or over the Internet. If you vote by telephone or over the Internet, you will be asked to enter a unique code that has been assigned to you, which is printed on your proxy card. This code is designed to confirm your identity, provide access into the voting site and confirm that your instructions are properly recorded. Shares represented by properly executed proxies, unless revoked prior to exercise at the meeting, will be voted according to the stockholder's instructions. If you sign a proxy card but do not provide instructions, your shares will be voted FOR each of the nominees for Director in Proposal 1. If any other business properly comes before the annual meeting, your shares will be voted at the discretion of the persons named as proxies.

Stockholders of each fund will only vote on proposals relating to their fund.

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PROPOSAL 1

ELECTION OF BOARD OF DIRECTORS

Introduction

Stockholders of each fund are being asked to consider the election of John E. Baumgardner, Jr., Lisa M. Jones and Lorraine H. Monchak to the Board of each fund.

Mr. Baumgardner, Ms. Jones and Ms. Monchak stand for election as their terms expire in 2022. Each of Mr. Baumgardner, Ms. Jones and Ms. Monchak currently serves as a Director of each fund and has served in that capacity continuously since originally elected or appointed. Mr. Baumgardner has served as a Director of Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. since 2019 and was most recently elected by stockholders of such funds in 2019. Ms. Jones has served as a Director of Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. since 2014 and was most recently elected by stockholders of such funds in 2019. Ms. Monchak has served as a Director of Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. since 2015 and was most recently elected by stockholders of such funds in 2019. Each of Mr. Baumgardner, Ms. Jones and Ms. Monchak has served as a Director of Pioneer Municipal High Income Opportunities Fund, Inc. since 2021, having been elected by the initial stockholder of the fund in 2021.

If elected, each of Mr. Baumgardner, Ms. Jones and Ms. Monchak shall hold office until the third annual meeting following his or her election and until his or her successor is elected and qualified.

Each nominee has consented to being named in this proxy statement and indicated his or her willingness to serve if elected. In the unanticipated event that any nominee should be unable to serve, the persons named as proxies may vote for such other person as shall be designated by the fund's Board. The persons named on the accompanying proxy card intend to vote at the meeting (unless otherwise directed) for the election of Mr. Baumgardner, Ms. Jones and Ms. Monchak as Directors of each fund.

Director Class Designations and Terms of Office

Each fund's bylaws ("Bylaws") provides that a majority of the Board may establish, increase or decrease the number of Directors of the fund, provided that the number thereof shall never be less than the minimum number required by the Maryland General Corporation Law (the "MGCL") nor more than fifteen Directors. Each fund currently has ten Directors.

5

Pursuant to each fund's charter, each fund's Board is divided into three staggered term classes - Class I, Class II and Class III. The Directors of only one class are elected at each annual meeting so that the regular term of only one class of Directors will expire annually and any particular Director stands for election only once in each three-year period.

Each class of Directors will stand for election at the conclusion of its respective three-year term. Such classification may prevent replacement of a majority of the Directors for up to a two-year period. Holders of the Preferred Stock of each fund that has Preferred Stock outstanding are entitled to elect two Directors of that fund.

Director Class Designations and Terms of Office

Currently, the designations and terms of office of each class of Directors of each fund are as follows:

Pioneer Diversified High Income Fund, Inc.

Class I Directors -- Diane Durnin, Benjamin M. Friedman and Kenneth J.


Taubes -- Terms expire in 2023.

Class II Directors -- Craig C. MacKay, Thomas J. Perna, Marguerite M. Piret and Fred J. Ricciardi -- Terms expire in 2024.

Class III Directors -- Mr. Baumgardner, Ms. Jones and Ms. Monchak. Terms expire in 2022 at the annual meeting. Each of these Directors has been nominated for election at the annual meeting.

Pioneer Floating Rate Fund, Inc.

Class I Directors -- Mr. Baumgardner, Ms. Jones and Ms. Monchak. Terms expire in 2022 at the annual meeting. Each of these Directors has been nominated for election at the annual meeting.

Class II Directors -- Ms. Durnin, Mr. Friedman and Mr. Taubes -- Terms expire in 2023.

Class III Directors -- Mr. MacKay, Mr. Perna, Ms. Piret and Mr. Ricciardi -- Terms expire in 2024.

Pioneer Municipal High Income Fund, Inc.

Class I Directors -- Mr. Baumgardner, Ms. Jones and Ms. Monchak. Terms expire in 2022 at the annual meeting. Each of these Directors has been nominated for election at the annual meeting.

Class II Directors -- Ms. Durnin, Mr. Friedman and Mr. Taubes -- Terms expire in 2023.

Class III Directors -- Mr. MacKay, Mr. Perna, Ms. Piret and Mr. Ricciardi -- Terms expire in 2024.

6

Pioneer Municipal High Income Advantage Fund, Inc.

Class I Directors -- Mr. Baumgardner, Ms. Jones and Ms. Monchak. Terms expire in 2022 at the annual meeting. Each of these Directors has been nominated for election at the annual meeting.

Class II Directors -- Ms. Durnin, Mr. Friedman and Mr. Taubes -- Terms expire in 2023.

Class III Directors -- Mr. MacKay, Mr. Perna, Ms. Piret and Mr. Ricciardi -- Terms expire in 2024.

Pioneer Municipal High Income Opportunities Fund, Inc.

Class I Directors -- Mr. Baumgardner, Ms. Jones and Ms. Monchak. Terms expire in 2022 at the annual meeting. Each of these Directors has been nominated for election at the annual meeting.

Class II Directors -- Ms. Durnin, Mr. Friedman and Mr. Taubes -- Terms expire in 2023.

Class III Directors -- Mr. MacKay, Mr. Perna, Ms. Piret and Mr. Ricciardi -- Terms expire in 2024.

Pioneer High Income Fund, Inc.

Class I Directors -- Mr. MacKay, Mr. Perna, Ms. Piret and Mr. Ricciardi -- Terms expire in 2024.

Class II Directors -- Mr. Baumgardner, Ms. Jones and Ms. Monchak. Terms expire in 2022 at the annual meeting. Each of these Directors has been nominated for election at the annual meeting.

Class III Directors -- Ms. Durnin, Mr. Friedman and Mr. Taubes -- Terms expire in 2023.

Mr. Baumgardner and Ms. Piret are designated as the Directors to be elected by the holders of the Preferred Stock of each fund that has issued Preferred Stock. As noted above, Mr. Baumgardner's term expires at the 2022 annual meeting. Consequently, holders of Preferred Stock of Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. are being asked to vote as a separate class at the 2022 annual meeting to elect Mr. Baumgardner.

With respect to Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. the holders of Common Stock and the holders of Preferred Stock are being asked to vote together as a single class at the 2022 annual meeting to elect Ms. Jones and Ms. Monchak. With respect to Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc. the holders of Common Stock are being asked to vote at the 2022 annual meeting to elect Mr. Baumgardner, Ms. Jones and Ms. Monchak.

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Information Regarding Nominees and Directors

The following table sets forth for each nominee and Director, his or her position(s) with each fund, age, address, principal occupation during at least the past five years and any other board memberships held during at least the past five years. Directors who are interested persons of a fund within the meaning of the Investment Company Act of 1940, as amended (the "1940 Act"), are referred to as Interested Directors. Directors who are not interested persons of a fund are referred to as Independent Directors. Each of the Directors serves as a Director of each of the 49 U.S. registered funds for which Amundi Asset Management US, Inc. ("Amundi US") serves as investment adviser (the "Pioneer Funds"). The address for all Directors and all officers of each fund is 60 State Street, Boston, Massachusetts 02109.

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Name, Age and
Position Held    Term of Office and                                            Other Directorships
With the Fund    Length of Service          Principal Occupation               Held by Director
---------------------------------------------------------------------------------------------------------
Independent Directors and Nominees:
---------------------------------------------------------------------------------------------------------
Thomas J.        Pioneer Diversified        Private investor (2004 -- 2008     Director, Broadridge
Perna (71)       High Income Fund,          and 2013 -- present); Chairman     Financial Solutions, Inc.
Chairman of the  Inc.: Class II Director    (2008 -- 2013) and Chief           (investor
Board and        since 2007. Term expires   Executive Officer (2008 -- 2012),  communications and
Director         in 2024.                   Quadriserv, Inc. (technology       securities processing
                                            products for securities lending    provider for financial
                 Pioneer Floating Rate      industry); and Senior Executive    services industry) (2009
                 Fund, Inc.: Class III      Vice President, The Bank of New    -- present); Director,
                 Director since 2006. Term  York (financial and securities     Quadriserv, Inc. (2005 --
                 expires in 2024.           services) (1986 -- 2004)           2013); and
                                                                               Commissioner, New
                 Pioneer High Income                                           Jersey State Civil Service
                 Fund, Inc.: Class I                                           Commission (2011 --
                 Director since 2006. Term                                     2015)
                 expires in 2024.

                 Pioneer Municipal
                 High Income Fund,
                 Inc.: Class III Director
                 since 2006. Term expires
                 in 2024.

                 Pioneer Municipal
                 High Income
                 Advantage Fund, Inc.:
                 Class III Director since
                 2006. Term expires in
                 2024.

                 Pioneer Municipal
                 High Income
                 Opportunities Fund,
                 Inc.: Class III Director
                 since 2021. Term expires
                 in 2024.
---------------------------------------------------------------------------------------------------------

9

Name, Age and
Position Held  Term of Office and                                         Other Directorships
With the Fund  Length of Service         Principal Occupation             Held by Director
-------------------------------------------------------------------------------------------------
Independent Directors and Nominees:
------------------------------------------------------------------------------------------------
John E.        Pioneer Diversified       Of Counsel (2019 -- present),    Chairman, The Lakeville
Baumgardner,   High Income Fund,         Partner (1983-2018), Sullivan &  Journal Company, LLC,
Jr. (71)*      Inc.: Class III Director  Cromwell LLP (law firm).         (privately-held
Director       since 2019. Term expires                                   community newspaper
Nominee        in 2022.                                                   group) (2015-present)

               Pioneer Floating Rate
               Fund, Inc.: Class I
               Director since 2019. Term
               expires in 2022.

               Pioneer High Income
               Fund, Inc.: Class II
               Director since 2019. Term
               expires in 2022.

               Pioneer Municipal
               High Income Fund,
               Inc.: Class I Director
               since 2019. Term expires
               in 2022. Elected by
               Preferred Stock only.

               Pioneer Municipal
               High Income
               Advantage Fund, Inc.:
               Class I Director since
               2019. Term expires in
               2022. Elected by
               Preferred Stock only.

               Pioneer Municipal
               High Income
               Opportunities Fund,
               Inc.: Class I Director
               since 2021. Term expires
               in 2022.
-------------------------------------------------------------------------------------------------

10

Name, Age and
Position Held  Term of Office and                                          Other Directorships
With the Fund  Length of Service          Principal Occupation             Held by Director
-----------------------------------------------------------------------------------------------
Independent Directors and Nominees:
-----------------------------------------------------------------------------------------------
Diane Durnin   Pioneer Diversified        Managing Director - Head of      None
(65)           High Income Fund,          Product Strategy and
Director       Inc.: Class I Director     Development, BNY Mellon
               since 2020. Term expires   Investment Management
               in 2023.                   (investment management firm)
                                          (2012-2018); Vice Chairman --
               Pioneer Floating Rate      The Dreyfus Corporation (2005
               Fund, Inc.: Class II       -- 2018): Executive Vice
               Director since 2020. Term  President Head of Product, BNY
               expires in 2023.           Mellon Investment Management
                                          (2007-2012); Executive Director-
               Pioneer High Income        Product Strategy, Mellon Asset
               Fund, Inc.: Class III      Management (2005-2007);
               Director since 2020. Term  Executive Vice President Head of
               expires in 2023.           Products, Marketing and Client
                                          Service, Dreyfus Corporation
               Pioneer Municipal          (investment management firm)
               High Income Fund,          (2000-2005); Senior Vice
               Inc.: Class II Director    President Strategic Product and
               since 2020. Term expires   Business Development, Dreyfus
               in 2023.                   Corporation (1994-2000)

               Pioneer Municipal
               High Income
               Advantage Fund, Inc.:
               Class II Director since
               2020. Term expires in
               2023.

               Pioneer Municipal
               High Income
               Opportunities Fund,
               Inc.: Class II Director
               since 2021. Term expires
               in 2023.
-----------------------------------------------------------------------------------------------

11

Name, Age and
Position Held  Term of Office and                                        Other Directorships
With the Fund  Length of Service         Principal Occupation            Held by Director
---------------------------------------------------------------------------------------------------
Independent Directors and Nominees:
---------------------------------------------------------------------------------------------------
Benjamin M.    Pioneer Diversified       William Joseph Maier Professor  Trustee, Mellon
Friedman (77)  High Income Fund,         of Political Economy, Harvard   Institutional Funds
Director       Inc.: Class I Director    University (1972 -- present)    Investment Trust and
               since 2008. Term expires                                  Mellon Institutional Funds
               in 2023.                                                  Master Portfolio (oversaw
                                                                         17 portfolios in fund
               Pioneer Floating Rate                                     complex) (1989 - 2008)
               Fund, Inc.: Class II
               Director since 2008. Term
               expires in 2023.

               Pioneer High Income
               Fund, Inc.: Class III
               Director since 2008. Term
               expires in 2023.

               Pioneer Municipal
               High Income Fund,
               Inc.: Class II Director
               since 2008. Term expires
               in 2023.

               Pioneer Municipal
               High Income
               Advantage Fund, Inc.:
               Class II Director since
               2008. Term expires in
               2023.

               Pioneer Municipal
               High Income
               Opportunities Fund,
               Inc.: Class II Director
               since 2021. Term expires
               in 2023.
---------------------------------------------------------------------------------------------------

12

Name, Age and
Position Held  Term of Office and                                         Other Directorships
With the Fund  Length of Service          Principal Occupation            Held by Director
---------------------------------------------------------------------------------------------------
Independent Directors and Nominees:
------------------------------------------------------------------------------------------------------
Craig C.       Pioneer Diversified        Partner, England & Company,      Director, Equitable
MacKay (59)    High Income Fund,          LLC (advisory firm) (2012 --     Holdings, Inc. (financial
Director       Inc.: Class II Director    present); Group Head --          services holding
               since 2021. Term expires   Leveraged Finance Distribution,  company) (2022 --
               in 2024.                   Oppenheimer & Company            present); Board Member
                                          (investment bank) (2006 --       of Carver Bancorp, Inc.
               Pioneer Floating Rate      2012); Group Head -- Private     (holding company) and
               Fund, Inc.: Class III      Finance & High Yield Capital     Carver Federal Savings
               Director since 2021. Term  Markets Origination, SunTrust    Bank, NA (2017 --
               expires in 2024.           Robinson Humphrey                present); Advisory
                                          (investment bank) (2003 --       Council Member,
               Pioneer High Income        2006); and Founder and Chief     MasterShares ETF (2016
               Fund, Inc.: Class I        Executive Officer, HNY           -- 2017); Advisory Council
               Director since 2021. Term  Associates, LLC (investment      Member, The Deal
               expires in 2024.           bank) (1996 -- 2003)             (financial market
                                                                           information publisher)
               Pioneer Municipal                                           (2015 -- 2016); Board Co-
               High Income Fund,                                           Chairman and Chief
               Inc.: Class III Director                                    Executive Officer, Danis
               since 2021. Term expires                                    Transportation Company
               in 2024.                                                    (privately-owned
                                                                           commercial carrier)
               Pioneer Municipal                                           (2000 -- 2003); Board
               High Income                                                 Member and Chief
               Advantage Fund, Inc.:                                       Financial Officer,
               Class III Director since                                    Customer Access
               2021. Term expires in                                       Resources (privately-
               2024.                                                       owned teleservices
                                                                           company) (1998 -- 2000);
               Pioneer Municipal                                           Board Member,
               High Income                                                 Federation of Protestant
               Opportunities Fund,                                         Welfare Agencies (human
               Inc.: Class III Director                                    services agency) (1993 --
               since 2021. Term expires                                    present); and Board
               in 2024.                                                    Treasurer, Harlem
                                                                           Dowling Westside Center
                                                                           (foster care agency)
                                                                           (1999 -- 2018)



------------------------------------------------------------------------------------------------------

13

Name, Age and
Position Held  Term of Office and                                         Other Directorships
With the Fund  Length of Service          Principal Occupation             Held by Director
----------------------------------------------------------------------------------------------
Independent Directors and Nominees:
----------------------------------------------------------------------------------------------
Lorraine H.    Pioneer Diversified        Chief Investment Officer, 1199   None
Monchak (66)   High Income Fund,          SEIU Funds (healthcare workers
Director       Inc.: Class III Director   union pension funds) (2001 --
Nominee        since 2015. Term expires   present); Vice President --
               in 2022.                   International Investments
                                          Group, American International
               Pioneer Floating Rate      Group, Inc. (insurance
               Fund, Inc.: Class I        company) (1993 -- 2001); Vice
               Director since 2015. Term  President Corporate Finance and
               expires in 2022.           Treasury Group, Citibank,
                                          N.A.(1980 -- 1986 and 1990 --
               Pioneer High Income        1993); Vice President --
               Fund, Inc.: Class II       Asset/Liability Management
               Director since 2015. Term  Group, Federal Farm Funding
               expires in 2022.           Corporation (government-
                                          sponsored issuer of debt
               Pioneer Municipal          securities) (1988 -- 1990);
               High Income Fund,          Mortgage Strategies Group,
               Inc.: Class I Director     Shearson Lehman Hutton, Inc.
               since 2015. Term expires   (investment bank) (1987 --
               in 2022.                   1988); Mortgage Strategies
                                          Group, Drexel Burnham
               Pioneer Municipal          Lambert, Ltd. (investment bank)
               High Income                (1986 -- 1987)
               Advantage Fund, Inc.:
               Class I Director since
               2015. Term expires in
               2022.

               Pioneer Municipal
               High Income
               Opportunities Fund,
               Inc.: Class I Director
               since 2021. Term expires
               in 2022.
----------------------------------------------------------------------------------------------

14

Name, Age and
Position Held  Term of Office and                                           Other Directorships
With the Fund  Length of Service         Principal Occupation               Held by Director
----------------------------------------------------------------------------------------------------
Independent Directors and Nominees:
-----------------------------------------------------------------------------------------------------
Marguerite A. Pioneer Diversified        Chief Financial Officer, American  Director of New America
Piret (74)    High Income Fund,          Ag Energy, Inc. (controlled        High Income Fund, Inc.
Director      Inc.: Class II Director    environment and agriculture        (closed-end investment
              since 2007. Term expires   company) (2016 -- present);        company) (2004 --
              in 2024.                   President and Chief Executive      present); and Member,
                                         Officer, Metric Financial Inc.     Board of Governors,
              Pioneer Floating Rate      (formerly known as Newbury         Investment Company
              Fund, Inc.: Class III      Piret Company) (investment         Institute (2000 -- 2006)
              Director since 2003. Term  banking firm) (1981 -- 2019)
              expires in 2024.

              Pioneer High Income
              Fund, Inc.: Class I
              Director since 2002. Term
              expires in 2024.

              Pioneer Municipal
              High Income Fund,
              Inc.: Class III Director
              since 2003. Term expires
              in 2024. Elected by
              Preferred Stock only.

              Pioneer Municipal
              High Income
              Advantage Fund, Inc.:
              Class III Director since
              2003. Term expires in
              2024. Elected by
              Preferred Stock only.

              Pioneer Municipal
              High Income
              Opportunities Fund,
              Inc.: Class III Director
              since 2021. Term expires
              in 2024.
-----------------------------------------------------------------------------------------------------

15

Name, Age and
Position Held  Term of Office and                                            Other Directorships
With the Fund  Length of Service          Principal Occupation               Held by Director
------------------------------------------------------------------------------------------------
Independent Directors and Nominees:
------------------------------------------------------------------------------------------------
Fred J.        Pioneer Diversified        Private investor (2020 --          None
Ricciardi (75) High Income Fund,          present); Consultant (investment
Director       Inc.: Class II Director    company services) (2012 --
               since 2014. Term expires   2020); Executive Vice President,
               in 2024.                   BNY Mellon (financial and
                                          investment company services)
               Pioneer Floating Rate      (1969 -- 2012); Director, BNY
               Fund, Inc.: Class III      International Financing Corp.
               Director since 2014. Term  (financial services) (2002 --
               expires in 2024.           2012); Director, Mellon
                                          Overseas Investment Corp.
               Pioneer High Income        (financial services) (2009 --
               Fund, Inc.: Class I        2012); Director, Financial
               Director since 2014. Term  Models (technology) (2005-
               expires in 2024.           2007); Director, BNY Hamilton
                                          Funds, Ireland (offshore
               Pioneer Municipal          investment companies) (2004-
               High Income Fund,          2007); Chairman/Director,
               Inc.: Class III Director   AIB/BNY Securities Services,
               since 2014. Term expires   Ltd., Ireland (financial services)
               in 2024.                   (1999-2006); Chairman, BNY
                                          Alternative Investment Services,
               Pioneer Municipal          Inc. (financial services) (2005-
               High Income                2007)
               Advantage Fund, Inc.:
               Class III Director since
               2014. Term expires in
               2024.

               Pioneer Municipal
               High Income
               Opportunities Fund,
               Inc.: Class III Director
               since 2021. Term expires
               in 2024.
-------------------------------------------------------------------------------------------------

16

Name, Age and
Position Held   Term of Office and                                          Other Directorships
With the Fund   Length of Service          Principal Occupation             Held by Director
-----------------------------------------------------------------------------------------------
Interested Directors and Nominee:
-----------------------------------------------------------------------------------------------
Lisa M. Jones   Pioneer Diversified        Director, CEO and President of   None
(60)**          High Income Fund,          Amundi US, Inc. (investment
Director,       Inc.: Class III Director   management firm) (since
President and   since 2014. Term expires   September 2014); Director, CEO
Chief Executive in 2022.                   and President of Amundi Asset
Officer                                    Management US, Inc. (since
Nominee         Pioneer Floating Rate      September 2014); Director, CEO
                Fund, Inc.: Class I        and President of Amundi
                Director since 2014. Term  Distributor US, Inc. (since
                expires in 2022.           September 2014); Director, CEO
                                           and President of Amundi Asset
                Pioneer High Income        Management US, Inc. (since
                Fund, Inc.: Class II       September 2014); Chair, Amundi
                Director since 2014. Term  US, Inc., Amundi Distributor US,
                expires in 2022.           Inc. and Amundi Asset
                                           Management US, Inc.
                Pioneer Municipal          (September 2014 -- 2018);
                High Income Fund,          Managing Director, Morgan
                Inc.: Class I Director     Stanley Investment
                since 2014. Term expires   Management (investment
                in 2022.                   management firm) (2010 --
                                           2013); Director of Institutional
                Pioneer Municipal          Business, CEO of International,
                High Income                Eaton Vance Management
                Advantage Fund, Inc.:      (investment management firm)
                Class I Director since     (2005 -- 2010); Director of
                2014. Term expires in      Amundi Holdings US, Inc. (since
                2022.                      2017)

                Pioneer Municipal
                High Income
                Opportunities Fund,
                Inc.: Class I Director
                since 2021. Term expires
                in 2022.
-----------------------------------------------------------------------------------------------

17

Name, Age and
Position Held  Term of Office and                                          Other Directorships
with the Fund  Length of Service          Principal Occupation             Held by Director
----------------------------------------------------------------------------------------------
Interested Directors and Nominee:
----------------------------------------------------------------------------------------------
Kenneth J.     Pioneer Diversified        Director and Executive Vice      None
Taubes (64)**  High Income Fund,          President (since 2008) and Chief
Director       Inc.: Class I Director     Investment Officer, U.S. (since
               since 2014. Term expires   2010) of Amundi US, Inc.
               in 2023.                   (investment management firm);
                                          Director and Executive Vice
               Pioneer Floating Rate      President and Chief Investment
               Fund, Inc.: Class II       Officer, U.S. of Amundi US
               Director since 2014. Term  (since 2008); Executive Vice
               expires in 2023.           President and Chief Investment
                                          Officer, U.S. of Amundi Asset
               Pioneer High Income        Management US, Inc. (since
               Fund, Inc.: Class III      2009); Portfolio Manager of
               Director since 2014. Term  Amundi US (since 1999);
               expires in 2023.           Director of Amundi Holdings US,
                                          Inc. (since 2017)
               Pioneer Municipal
               High Income Fund,
               Inc.: Class II Director
               since 2014. Term expires
               in 2023.

               Pioneer Municipal
               High Income
               Advantage Fund, Inc.:
               Class II Director since
               2014. Term expires in
               2023.

               Pioneer Municipal
               High Income
               Opportunities Fund,
               Inc.: Class II Director
               since 2021. Term expires
               in 2023.
-----------------------------------------------------------------------------------------------

* Mr. Baumgardner is Of Counsel to Sullivan & Cromwell LLP, which acts as independent outside legal counsel to the Independent Directors of each Pioneer Fund.

** Ms. Jones and Mr. Taubes are Interested Directors because they are an officer or director of each fund's investment adviser and certain of its affiliates.

18

Responsibilities of the Board of Directors

The Board is responsible for overseeing each fund's management and operations. The Chairman of the Board is an Independent Director. Independent Directors constitute at least 75% of the Board.

During the most recent fiscal year of each of Pioneer Diversified High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc., the Board held 7 meetings. During the most recent fiscal year of each of Pioneer Floating Rate Fund, Inc. and Pioneer High Income Fund, Inc., the Board held 8 meetings. During the most recent fiscal year of Pioneer Municipal High Income Opportunities Fund, Inc., the Board held 4 meetings. All of the current Directors and committee members of each fund then serving attended at least 75% of the meetings of the Board and applicable committees, if any, held during that fund's most recent fiscal year.

The funds do not have a policy on Director attendance at the annual meeting. For each fund, one Director attended the 2021 annual meeting of stockholders.

The Directors were selected or nominated to join the Board based upon the following as to each Board member: such person's character and integrity; such person's judgment, analytical ability, intelligence, and common sense; such person's experience and previous profit and not-for-profit board membership; such person's demonstrated willingness to take an independent and questioning stance toward management; such person's willingness and ability to commit the time necessary to perform the duties of a Director; as to each Independent Director, his or her status as not being an "interested person" as defined under the 1940 Act; and, as to Ms. Jones and Mr. Taubes, their association with Amundi US. Each Director also serves on the Boards of Directors of other exchange-listed closed-end funds, closed-end interval funds, and open-end funds, all part of the Pioneer Funds complex, and has substantial experience protecting fund stockholders' interests. As part of their service on the boards of Pioneer closed-end funds', the nominees regularly evaluate issues unique to closed-end funds, including the discount at which closed-end funds' shares may trade relative to their net asset value per share. Each of the Independent Directors also was selected to join the Board based on the criteria and principles set forth in the charter of each fund's Governance and Nominating Committee, as then in effect. In addition to individual attributes, the value of diversity is considered. In evaluating an incumbent Director's prospective service on the Board, the Director's experience in, and ongoing contributions toward, overseeing the fund's business as a Director also are considered.

In addition, the following specific experiences, qualifications, attributes and/or skills apply as to each Director: Mr. Baumgardner, legal, investment management, business and public company experience as an attorney practicing investment management, corporate and securities law and experience as a board member of other organizations; Ms. Durnin, investment management and investment company experience as an executive officer of an investment adviser; Mr. Friedman, academic leadership, economic and finance experience and investment company board experience; Mr. MacKay, investment, financial and business experience as a partner in an investment banking firm and experience as a board member

19

of other organizations; Ms. Monchak, investment, financial and business experience, including as the chief investment officer of a pension fund; Mr. Perna, accounting, financial, and business experience as an executive officer and experience as a board member of other organizations; Ms. Piret, accounting, financial and entrepreneurial experience as an executive, valuation experience and investment company board experience; Mr. Ricciardi, financial, business and investment company experience as an executive officer of a financial and investment company services organization, and experience as a board member of offshore investment companies and other organizations; Ms. Jones, investment management experience as an executive and leadership roles with Amundi US and its affiliates; and Mr. Taubes, portfolio management experience and leadership roles with Amundi US. However, in its periodic assessment of the effectiveness of the Board, the Board considers the complementary skills and experience of individual Directors primarily in the broader context of the Board's overall composition so that the Board, as a body, possesses the appropriate (and appropriately diverse) skills and experience to oversee the business of the fund.

Under the MGCL, the appointment, designation (including in any proxy or registration statement or other document) of a Director as an expert on any topic or in any area, or as having experience, attributes or skills in any area, or any other appointment, designation or identification, does not impose on that person any standard of care or liability that is greater than that imposed on that person as a Director in the absence of the appointment, designation or identification, and no Director who has special attributes, skills, experience or expertise, or is appointed, designated, or identified as aforesaid, is held to a higher standard of care by virtue thereof.

Board Committees

The Board has five standing committees: the Independent Directors Committee, the Audit Committee, the Governance and Nominating Committee, the Policy Administration Committee and the Valuation Committee. Each committee is chaired by an Independent Director (the "Chairs") and all members of each committee are Independent Directors.

The Chairs of the committees work with the Chairman of the Board and fund management in setting the agendas for Board meetings. The Chairs of the committees set the agendas for committee meetings with input from fund management. As noted below, through the committees, the Independent Directors consider and address important matters involving the funds, including those presenting conflicts or potential conflicts of interest for management. The Independent Directors also regularly meet without the presence of management and are advised by independent legal counsel. The Board believes that the committee structure, and delegation to the committees of specified oversight responsibilities, help the Board more effectively to provide governance and oversight of the funds' affairs. Mr. Perna, Chairman of the Board, is a member of each committee except the Audit Committee and the Valuation Committee, of each of which he is a non-voting, ex-officio member.

20

During the most recent fiscal year for each fund, the Audit, Governance and Nominating, Independent Directors, Policy Administration and Valuation Committees of each fund held the following meetings:

                       4/30/2022   11/30/2021  3/31/2022    4/30/2022    3/31/2022    4/30/22
---------------------------------------------------------------------------------------------------
                                                                          Pioneer      Pioneer
                        Pioneer     Pioneer     Pioneer      Pioneer     Municipal     Municipal
                      Diversified   Floating     High       Municipal   High Income   High Income
                      High Income    Rate       Income     High Income  Advantage    Opportunities
                       Fund, Inc.  Fund, Inc.  Fund, Inc.   Fund, Inc.   Fund, Inc.    Fund, Inc.
---------------------------------------------------------------------------------------------------
Audit Committee            7           6          6             7            6          6
Governance and
Nominating Committee       4           8          4             4            4          3
Independent Directors
Committee                  7           7          8             7            8          5
Policy Administration
Committee                  4           4          4             4            4          3
Valuation Committee        4           4          4             4            4          3

Independent Directors Committee: John E. Baumgardner, Jr., Diane Durnin, Benjamin M. Friedman, Craig C. MacKay, Lorraine H. Monchak, Thomas J. Perna
(Chair), Marguerite A. Piret and Fred J. Ricciardi.

The Independent Directors Committee is comprised of all of the Independent Directors. The Independent Directors Committee serves as the forum for consideration of a number of issues required to be considered separately by the Independent Directors under the 1940 Act, including the assessment and review of each fund's advisory agreement and other related party contracts. The Independent Directors Committee also considers issues that the Independent Directors believe it is advisable for them to consider separately from the Interested Directors.

Audit Committee: Benjamin M. Friedman, Craig C. MacKay, Lorraine H. Monchak and Fred J. Ricciardi (Chair).

Each fund's Audit Committee is comprised of only Independent Directors who are "independent" as defined in the applicable New York Stock Exchange ("NYSE") and NYSE American (Pioneer Diversified High Income Fund, Inc.) listing standards relating to closed-end funds. The Board of each fund has adopted a charter for the Audit Committee. In accordance with its charter, the purposes of the Audit Committee are to:

o Assist the Board's oversight and monitoring of: (i) the integrity of the fund's financial statements; (ii) the fund's compliance with legal and regulatory requirements;(iii) the independent registered public accounting firm's qualifications, performance and independence; and (iv) the performance of the fund's internal audit function; and

o Prepare the disclosure required by Item 407(d)(3)(i) of Regulation S-K to be included in the fund's annual proxy statement and other filings.

21

The Audit Committee charter is available on Amundi US's website: amundi.com/US. You also can obtain a copy by sending a written request to your fund at the address listed on this proxy statement. The information contained on Amundi US's website is not part of, or incorporated by reference in, this proxy statement.

Each fund's Board has determined that the fund has at least one audit committee financial expert serving on its Audit Committee. Mr. Ricciardi, an Independent Director, serves on each Audit Committee and has been determined to be an audit committee financial expert.

Audit Committee Report

The Audit Committee reports that it has (1) reviewed and discussed each fund's audited financial statements with management; (2) discussed with the independent registered public accounting firm the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board and the SEC; and (3) received written disclosures and the letter from the independent registered public accounting firm required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent registered public accounting firm's communications with the Audit Committee concerning independence, and discussed with the independent registered public accounting firm that firm's independence. Based upon the review and discussions referred to above, the Audit Committee recommended to the Board of Directors that the audited financial statements be included in the Annual Report for Pioneer Floating Rate Fund, Inc. for the fiscal year ended November 30, 2021, the Annual Reports for Pioneer High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. for the fiscal year ended March 31, 2022 and in the Annual Reports for Pioneer Diversified High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc. for the fiscal year ended April 30, 2022.

The members of each fund's Audit Committee are:

Benjamin M. Friedman
Craig C. MacKay
Lorraine H. Monchak
Fred J. Ricciardi (Chair)

Governance and Nominating Committee: John E. Baumgardner, Jr. (Chair), Diane Durnin, and Thomas J. Perna.

All members of the Governance and Nominating Committee are independent under the applicable NYSE and NYSE American listing standards relating to closed-end funds, and are not "interested persons," as defined in the 1940 Act, of each fund. The Board of each fund has adopted a written charter for the Governance and Nominating Committee, which is available on Amundi US's website:
amundi.com/US. You also can obtain a copy by sending a written request to your fund at the address listed on this proxy statement.

The Governance and Nominating Committee considers governance matters affecting the Board and each fund. Among other responsibilities, the Governance and Nominating Committee reviews the performance of the Independent Directors as a whole, and reviews

22

and recommends to the Independent Directors Committee any appropriate changes concerning, among other things, the size and composition of the Board, the Board's committee structure and the Independent Directors' compensation. The Governance and Nominating Committee also makes recommendations to the Independent Directors Committee or the Board on matters delegated to it.

In addition, the Governance and Nominating Committee screens potential candidates for Independent Directors. Among other responsibilities, the Governance and Nominating Committee reviews periodically the criteria for Independent Directors and the spectrum of desirable experience, expertise and characteristics for Independent Directors as a whole, and reviews periodically the qualifications and requisite skills of persons currently serving as Independent Directors and being considered for re-nomination. The Governance and Nominating Committee also reviews the qualifications of any person nominated to serve on the Board by a stockholder or recommended by any Director, management or another person and makes a recommendation as to the qualifications of such nominated or recommended person to the Independent Directors and the Board, and reviews periodically the Committee's procedure, if any, regarding candidates submitted by stockholders. The Governance and Nominating Committee also strives to achieve diversity of the Board with respect to attributes such as race, ethnicity, gender, cultural background and professional experience when reviewing candidates for any Board vacancies. The Directors who are not Independent Directors and the officers of each fund are nominated and selected by the Board.

The Governance and Nominating Committee does not have specific, minimum qualifications for nominees, nor has it established specific qualities or skills that it regards as necessary for one or more of the Independent Directors to possess (other than qualities or skills that may be required by applicable law or regulation). However, in evaluating a person as a potential nominee to serve as an Independent Director, the Governance and Nominating Committee will consider the following general criteria and principles, among any others that it may deem relevant: (i) the nominee's reputation for integrity, honesty and adherence to high ethical standards; (ii) the nominee's business acumen and ability to exercise sound judgment in matters that relate to the current and long-term objectives of the fund and whether the person is willing and able to contribute positively to the decision-making process of the fund; (iii) the nominee's commitment and ability to devote the necessary time and energy to be an effective Independent Director, to understand the fund and the responsibilities of a director of an investment company; (iv) the nominee's ability to understand the sometimes conflicting interests of the fund and the management company, and to act in the interests of stockholders; (v) whether the nominee has, or appears to have, a conflict of interest that would impair his or her ability to represent the interests of all stockholders and to fulfill the responsibilities of a director; and (vi) that nominees shall not be discriminated against on the basis of race, religion, national origin, sex, sexual orientation, disability or any other basis proscribed by law. The Governance and Nominating Committee also will consider whether the nominee has the experience or skills that the Governance and Nominating Committee believes would maintain or enhance the effectiveness of the Independent Directors' oversight of each fund's affairs, based on the

23

then current composition and skills of the Independent Directors and experience or skills that may be appropriate in light of changing business conditions and regulatory or other developments. The Governance and Nominating Committee does not necessarily place the same emphasis on each criterion.

The Governance and Nominating Committee does not have a formal procedure for the implementation, or for assessing the effectiveness, of its policy with regard to the consideration of the value of diversity on the Board in reviewing potential nominees for Independent Director. However, as noted above, in its periodic assessment of the effectiveness of the Board, the Board considers the complementary skills and experience of individual Directors in the context of the Board's overall composition so that the Board, as a body, possesses the appropriate (and appropriately diverse) skills and experience to oversee the business of the funds. In addition, as noted above, the Governance and Nomination Committee charter provides that nominees shall not be discriminated against on the basis of race, religion, national origin, sex, sexual orientation, disability or any other basis proscribed by law.

As long as an existing Independent Director continues, in the opinion of the other Independent Directors, to satisfy these criteria and continues to make positive contributions to the Board, each fund anticipates that Independent Directors of the fund would favor the re-nomination of an existing Director rather than a new candidate. Consequently, while the Governance and Nominating Committee will evaluate the qualifications of nominees recommended by stockholders to serve as Director, the Independent Directors might act upon the Governance and Nominating Committee's evaluation only if there is a vacancy on the Board. In the event that a vacancy arises or a change in Board membership is determined to be advisable, the Governance and Nominating Committee will, in addition to any stockholder recommendations, evaluate candidates identified by other means, including candidates proposed by Independent Directors or management. While it has not done so in the past, the Governance and Nominating Committee may retain a consultant to assist the Committee in a search for a qualified candidate.

The Governance and Nominating Committee will consider recommendations for board membership by stockholders. In evaluating a nominee recommended by a stockholder, the Governance and Nominating Committee, in addition to the criteria discussed above, may consider the objectives of the stockholder in submitting that nomination and whether such objectives are consistent with the interests of all stockholders. If the Board determines to include a stockholder's candidate among the slate of Board nominees, the candidate's name will be placed on the fund's proxy card.

The Governance and Nominating Committee initiated the recommendation of each of the non-interested nominees to serve as an Independent Director.

With respect to the re-nomination of an existing Independent Director, the Governance and Nominating Committee and the Independent Directors Committee use the criteria and the principles set forth above, as revised from time to time, to guide the selection process.

24

Stockholders may communicate with the members of the Board as a group or individually. Any such communication should be sent to the Board or an individual Director c/o the Secretary of the fund at the address on the notice of this meeting. The Secretary may determine not to forward any communication to members of the Board that does not relate to the business of a fund.

Valuation Committee: Benjamin M. Friedman, Craig C. MacKay, Lorraine H. Monchak, Marguerite A. Piret (Chair), and Fred J. Ricciardi.

The Valuation Committee, among other things, reviews the reports and other information provided to the Committee by Amundi US, as the valuation designee of the funds, and assists the Board in the oversight of Amundi US as the valuation designee of the funds, in each case in accordance with each fund's valuation procedures.

Policy Administration Committee: Thomas J. Perna (Chair), John E. Baumgardner, Jr., Diane Durnin and Marguerite A. Piret.

The Policy Administration Committee, among other things, oversees and monitors each fund's compliance with legal and regulatory requirements that are not directly related to financial reporting, internal financial controls, independent audits or the performance of the fund's internal audit function. The Policy Administration Committee also oversees the adoption and implementation of certain of the funds' policies and procedures.

Oversight of Risk Management

Consistent with its responsibility for oversight of each fund in the interests of stockholders, the Board has established a framework for the oversight of various risks relating to the funds, including the oversight of the identification of risks and the management of certain identified risks. The Board has delegated certain aspects of its risk oversight responsibilities to the committees, but relies primarily on Amundi US and its affiliates for the identification and management or mitigation of risks relating to their management activities on behalf of the funds, as well as to oversee and advise the Board on the risks that may arise relating to the activities of other fund service providers.

Each fund faces a number of risks, such as investment risk, counterparty risk, valuation risk, enterprise risk, reputational risk, cybersecurity risk, risk of operational failure or lack of business continuity, and legal, compliance and regulatory risk. The goal of risk management is to identify and address risks,
i.e., events or circumstances that could have material adverse effects on the business, operations, stockholder services, investment performance or reputation of a fund.

Most of the funds' investment management and business operations are carried out by or through Amundi US, its affiliates, and other service providers (such as the custodian and fund accounting agent and the transfer agent), each of which has an independent interest in risk management but whose policies and the methods by which one or more risk management functions are carried out may differ from each fund's and each other's in the

25

setting of priorities, the resources available or the effectiveness of relevant controls. Operational or other failures, including cybersecurity failures, at any one or more of the funds' service providers could have a material adverse effect on a fund and its stockholders.

Under the overall supervision of the Board or the applicable committee of the Board, each fund, or Amundi US and the affiliates of Amundi US, or other service providers to each fund employ a variety of processes, procedures and controls in an effort to identify, address and mitigate risks. Different processes, procedures and controls are employed with respect to different types of risks. Various personnel, including the funds' and Amundi US's chief compliance officer and Amundi US's chief risk officer and director of internal audit, as well as various personnel of Amundi US and of other service providers, make periodic reports to the applicable committee or to the Board with respect to various aspects of risk management. The reports received by the Directors related to risks typically are summaries of relevant information.

The Board recognizes that not all risks that may affect a fund can be identified, that it may not be practical or cost-effective to eliminate or mitigate certain risks, that it may be necessary to bear certain risks (such as investment-related risks) to achieve each fund's goals, that the processes, procedures and controls employed to address certain risks may be limited in their effectiveness, and that some risks are simply beyond the control of the funds or Amundi US and its affiliates or other service providers. Because most of the funds' operations are carried out by various service providers, the Board's oversight of the risk management processes of those service providers, including processes to address cybersecurity and other operational failures, is inherently limited. As a result of the foregoing and other factors, each fund's ability to manage risk is subject to substantial limitations.

It is important to note that each fund is designed for investors that are prepared to accept investment risk, including the possibility that as yet unforeseen risks may emerge in the future.

The following table indicates the value of shares that each Director or nominee beneficially owned in each fund and Pioneer Funds in the aggregate as of May 31, 2022. Beneficial ownership is determined in accordance with SEC Rule 13d-3(d)(1). The share value of any closed-end Pioneer fund is based on its closing market price on May 31, 2022. The share value of any open-end Pioneer fund is based on the net asset value of the class of shares on May 31, 2022. The dollar ranges in this table are in accordance with SEC requirements.

26

                                                      Aggregate Dollar
                                                      Range of Equity
                                                      Securities in All
                                                       Pioneer Funds
                               Dollar Range of       Overseen or to be
                               Equity Securities        Overseen by
Name of Directors or Nominees    in each Fund       Directors or Nominees
-------------------------------------------------------------------------
INTERESTED DIRECTORS or NOMINEES
-------------------------------------------------------------------------
                                           $0 (1)
                                           $0 (2)
                                           $0 (3)
  Lisa M. Jones                            $0 (4)       Over $100,000
                                           $0 (5)
                                           $0 (6)
-------------------------------------------------------------------------
                                           $0 (1)
                                           $0 (2)
                                           $0 (3)
  Kenneth J. Taubes                        $0 (4)       Over $100,000
                                           $0 (5)
                                           $0 (6)
-------------------------------------------------------------------------
INDEPENDENT DIRECTORS or NOMINEES
-------------------------------------------------------------------------
                                           $0 (1)
                                           $0 (2)
                                           $0 (3)
  John E. Baumgardner, Jr.                 $0 (4)       Over $100,000
                                           $0 (5)
                                           $0 (6)
-------------------------------------------------------------------------
                                           $0 (1)
                                           $0 (2)
                                           $0 (3)
  Diane Durnin                             $0 (4)       Over $100,000
                                           $0 (5)
                                           $0 (6)
-------------------------------------------------------------------------
                                           $0 (1)
                                           $0 (2)
                                           $0 (3)
  Benjamin M. Friedman                     $0 (4)       Over $100,000
                                           $0 (5)
                                           $0 (6)
-------------------------------------------------------------------------

27

                                                          Aggregate Dollar
                                                           Range of Equity
                                                         Securities in All
                                                            Pioneer Funds
                                  Dollar Range of         Overseen or to be
                                  Equity Securities         Overseen by
Name of Directors or Nominees       in each Fund        Directors or Nominees
-----------------------------------------------------------------------------
INTERESTED DIRECTORS or NOMINEES
-----------------------------------------------------------------------------
                                                $0 (1)
                                                $0 (2)
  Craig C. MacKay                               $0 (3)  $50,000 - $100,000
                                                $0 (4)
                                                $0 (5)
                                                $0 (6)
-----------------------------------------------------------------------------
                                                $0 (1)
                                                $0 (2)
                                                $0 (3)
  Lorraine H. Monchak                           $0 (4)       Over $100,000
                                                $0 (5)
                                                $0 (6)
-----------------------------------------------------------------------------
                                                $0 (1)
                                                $0 (2)
                                                $0 (3)
  Thomas J. Perna                               $0 (4)       Over $100,000
                                                $0 (5)
                                 $10,001 - $50,000 (6)
-----------------------------------------------------------------------------
                                                $0 (1)
                                                $0 (2)
                                                $0 (3)
  Marguerite A. Piret                           $0 (4)       Over $100,000
                                                $0 (5)
                                                $0 (6)
-----------------------------------------------------------------------------
                                                $0 (1)
                                                $0 (2)
                                                $0 (3)
  Fred J. Ricciardi                             $0 (4)       Over $100,000
                                                $0 (5)
                                                $0 (6)
-----------------------------------------------------------------------------

(1) Shares held in Pioneer High Income Fund, Inc.
(2) Shares held in Pioneer Municipal High Income Fund, Inc.
(3) Shares held in Pioneer Municipal High Income Advantage Fund, Inc.
(4) Shares held in Pioneer Diversified High Income Fund, Inc.
(5) Shares held in Pioneer Floating Rate Fund, Inc.
(6) Shares held in Pioneer Municipal High Income Opportunities Fund, Inc.

28

As of December 31, 2021, the Directors, any nominee for election as a Director and the executive officers of each fund owned beneficially in the aggregate less than 1% of the outstanding shares of each fund.

For each of the funds, during the most recent fiscal year, none of the Independent Directors or any nominee for election as an Independent Director engaged in the purchase or sale of securities of Amundi US, Amundi, Amundi US, Inc. or any other entity in a control relationship to Amundi US or Amundi Distributor US, Inc.

Material Relationships of the Independent Directors

Mr. Baumgardner, an Independent Director, is Of Counsel to Sullivan & Cromwell LLP, which acts as independent counsel to the Independent Directors of all of the Pioneer Funds. The aggregate compensation paid to Sullivan & Cromwell LLP by the Pioneer Funds was approximately $752,913 and $626,073 in each of 2020 and 2021.

Executive officers

In addition to Ms. Jones, who serves as the President and Chief Executive Officer of each fund, the following table provides information with respect to the other executive officers of the funds. Each executive officer is elected by the Board and serves until his or her successor is elected and qualified or until his or her resignation or removal by the Board. Each of the executive officers of the funds is an employee of Amundi US and none of the executive officers are employees of the funds. The business address of all officers of the funds is 60 State Street, Boston, Massachusetts 02109.

Name, age and position with each fund Principal occupation(s)
----------------------------------------------------------------------------------------
Christopher J. Kelley                 Vice President and Associate General Counsel of
(57)                                  Amundi US since January 2008; Secretary and
Secretary and Chief Legal Officer     Chief Legal Officer of all of the Pioneer Funds
                                      since June 2010; Assistant Secretary of all of the
                                      Pioneer Funds from September 2003 to May
                                      2010; Vice President and Senior Counsel of
                                      Amundi US from July 2002 to December 2007
----------------------------------------------------------------------------------------
Thomas Reyes                          Assistant General Counsel of Amundi US since
(59)                                  May 2013 and Assistant Secretary of all the
Assistant Secretary                   Pioneer Funds since June 2010; Counsel of
                                      Amundi US from June 2007 to May 2013
----------------------------------------------------------------------------------------
Anthony J. Koenig, Jr.                Managing Director, Chief Operations Officer and
(58)                                  Fund Treasurer of Amundi US since May 2021;
Treasurer and Chief Financial and     Treasurer of all of the Pioneer Funds since May
Accounting Officer                    2021; Assistant Treasurer of all of the Pioneer
                                      Funds from January 2021 to May 2021; and
                                      Chief of Staff, US Investment Management of
                                      Amundi US from May 2008 to January 2021
----------------------------------------------------------------------------------------

29

Name, age and position with each fund Principal occupation(s)
---------------------------------------------------------------------------------------
Luis I. Presutti                      Director -- Fund Treasury of Amundi US since
(57)                                  1999; and Assistant Treasurer of all of the
Assistant Treasurer                   Pioneer Funds since 1999
---------------------------------------------------------------------------------------
Gary Sullivan                         Senior Manager -- Fund Treasury of Amundi US
(64)                                  since 2012; and Assistant Treasurer of all of the
Assistant Treasurer                   Pioneer Funds since 2002
---------------------------------------------------------------------------------------
Antonio Furtado                       Fund Oversight Manager -- Fund Treasury of
(40)                                  Amundi US since 2020; Assistant Treasurer of all
Assistant Treasurer                   of the Pioneer Funds since 2020; and Senior
                                      Fund Treasury Analyst from 2012 - 2020
---------------------------------------------------------------------------------------
Michael Melnick                       Vice President - Deputy Fund Treasurer of
(51)                                  Amundi US since May 2021; Assistant Treasurer
Assistant Treasurer                   of all of the Pioneer Funds since July 2021;
                                      Director of Regulatory Reporting of Amundi US
                                      from 2001 -- 2021; and Director of Tax of Amundi
                                      US from 2000 - 2001
---------------------------------------------------------------------------------------
John Malone                           Managing Director, Chief Compliance Officer of
(51)                                  Amundi US Asset Management; Amundi Asset
Chief Compliance Officer              Management US, Inc.; and the Pioneer Funds
                                      since September 2018; Chief Compliance Officer
                                      of Amundi Distributor US, Inc. since January 2014
---------------------------------------------------------------------------------------
Brandon Austin                        Director, Financial Security -- Amundi Asset
(50)                                  Management; Anti-Money Laundering Officer of
Anti-Money Laundering Officer         all the Pioneer Funds since March 2022 Director
                                      of Financial Security of Amundi US since July
                                      2021; Vice President, Head of BSA, AML and
                                      OFAC, Deputy Compliance Manager, Cr[]dit
                                      Agricole Indosuez Wealth Management
                                      (investment management firm) (2013 -- 2021)
---------------------------------------------------------------------------------------

30

Compensation of Directors and executive officers

The following table sets forth certain information with respect to the compensation of each Director of Pioneer High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc. for the fiscal year ended March 31, 2022. The amounts paid to the Directors by each fund differ due to (i) membership on or chairing certain committees of the Board and other responsibilities assigned to specific Directors, and (ii) attendance at meetings. Each fund does not pay any salary or other compensation to its executive officers, none of whom are employees of the funds. The funds' executive officers, who are also officers or employees of Amundi US or its affiliates, are compensated by Amundi US or its affiliates.

Pioneer High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc.:

                                              Pension or
                                              Retirement         Total
                                                Benefits    Compensation
                              Aggregate       Accrued as    from the Fund
                           Compensation         Part of        and Other
Name of Director           from each Fund   Fund Expenses   Pioneer Funds(1)
----------------------------------------------------------------------------
Interested Directors:
----------------------------------------------------------------------------
  Lisa M. Jones                   $0.00*          $0.00             $0.00
                                  $0.00**
----------------------------------------------------------------------------
  Kenneth J. Taubes               $0.00*          $0.00             $0.00
                                  $0.00**
----------------------------------------------------------------------------
Independent Directors:
----------------------------------------------------------------------------
  John E. Baumgardner, Jr.   $1,806.55*           $0.00     $291,525.00
                             $2,157.63**
----------------------------------------------------------------------------
  Diane Durnin               $1,796.73*           $0.00     $288,628.00
                             $2,143.82**
----------------------------------------------------------------------------
  Craig C. MacKay            $1,788.14*           $0.00     $286,150.00
                             $2,131.60**
----------------------------------------------------------------------------
  Benjamin M. Friedman       $1,909.04*           $0.00     $322,819.00
                             $2,305.10**
----------------------------------------------------------------------------
  Lorraine H. Monchak        $1,927.55*           $0.00     $328,422.00
                             $2,331.62**
----------------------------------------------------------------------------
  Thomas J. Perna            $2,150.23*           $0.00     $396,025.00
                             $2,651.35**
----------------------------------------------------------------------------
  Marguerite A. Piret        $1,840.52*           $0.00     $301,922.00
                             $2,206.46**
----------------------------------------------------------------------------
  Fred J. Ricciardi          $1,869.87*           $0.00     $310,922.00
                             $2,248.88**
----------------------------------------------------------------------------

(1) As of the fiscal year ended March 31, 2022, there were 49 U.S. registered funds in the Pioneer Funds.

* Aggregate compensation from Pioneer High Income Fund, Inc.

** Aggregate compensation from Pioneer Municipal High Income Advantage Fund, Inc.

31

The following table sets forth certain information with respect to the compensation of each Director of Pioneer Diversified High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc. for the fiscal year ended April 30, 2022. The amounts paid to the Directors differ due to (i) membership on or chairing certain committees of the boards of Directors and other responsibilities assigned to specific Directors, and (ii) attendance at meetings. Each fund does not pay any salary or other compensation to its executive officers, none of whom are employees of the funds. The funds' executive officers, who are also officers or employees of Amundi US or its affiliates, are compensated by Amundi US or its affiliates.

Pioneer Diversified High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc.:

                                               Pension or
                                               Retirement         Total
                                                 Benefits    Compensation
                              Aggregate        Accrued as    from the Fund
                           Compensation          Part of        and Other
Name of Director           from each Fund    Fund Expenses   Pioneer Funds(1)
-----------------------------------------------------------------------------
Interested Directors:
-----------------------------------------------------------------------------
  Lisa M. Jones                   $0.00*           $0.00             $0.00
                                  $0.00**
                                  $0.00***
-----------------------------------------------------------------------------
  Kenneth J. Taubes               $0.00*           $0.00             $0.00
                                  $0.00**
                                  $0.00***
-----------------------------------------------------------------------------
Independent Directors:
-----------------------------------------------------------------------------
  John E. Baumgardner, Jr.   $1,000.00*            $0.00     $291,525.00
                             $2,009.85**
                             $1,174.23***
-----------------------------------------------------------------------------
  Diane Durnin               $1,000.00*            $0.00     $288,628.00
                             $1,997.84**
                             $1,171.54***
-----------------------------------------------------------------------------
  Benjamin M. Friedman       $1,000.00*            $0.00     $322,819.00
                             $2,138.58**
                             $1,234.90***
-----------------------------------------------------------------------------
  Craig C. MacKay            $1,000.00*            $0.00     $286,150.00
                             $1,987.24**
                             $1,171.54***
-----------------------------------------------------------------------------
  Lorraine H. Monchak        $1,000.00*            $0.00     $328,422.00
                             $2,161.71**
                             $1,243.69***
-----------------------------------------------------------------------------

32

                                           Pension or
                                           Retirement          Total
                                             Benefits     Compensation
                          Aggregate        Accrued as     from the Fund
                       Compensation          Part of         and Other
Name of Director       from each Fund    Fund Expenses    Pioneer Funds(1)
--------------------------------------------------------------------------
Independent Directors:
--------------------------------------------------------------------------
  Thomas J. Perna        $1,000.00*            $0.00      $396,025.00
                         $2,440.60**
                         $1,361.53***
--------------------------------------------------------------------------
  Marguerite A. Piret    $1,000.00*            $0.00      $301,922.00
                         $2,052.49**
                         $1,195.18***
--------------------------------------------------------------------------
  Fred J. Ricciardi      $1,000.00*            $0.00      $310,922.00
                         $2,089.53**
                         $1,213.45***
--------------------------------------------------------------------------

(1) As of the fiscal year ended April 30, 2022, there were 49 U.S. registered funds in the Pioneer Funds.

* Aggregate compensation from Pioneer Diversified High Income Fund, Inc.

** Aggregate compensation from Pioneer Municipal High Income Fund, Inc.

*** Aggregate compensation from Pioneer Municipal High Income Opportunities Fund, Inc.

The following table sets forth certain information with respect to the compensation of each Director of Pioneer Floating Rate Fund, Inc. for the fiscal year ended November 30, 2021. The amounts paid to the Directors differ due to (i) membership on or chairing certain committees of the boards of Directors and other responsibilities assigned to specific Directors, and (ii) attendance at meetings. The fund does not pay any salary or other compensation to its executive officers, none of whom are employees of the fund. The fund's executive officers, who are also officers or employees of Amundi US or its affiliates, are compensated by Amundi US or its affiliates.

Pioneer Floating Rate Fund, Inc.:
                                          Pension or
                                          Retirement         Total
                                            Benefits    Compensation
                         Aggregate        Accrued as    from the Fund
                      Compensation          Part of        and Other
Name of Director      from each Fund    Fund Expenses   Pioneer Funds(1)
------------------------------------------------------------------------
Interested Directors:
------------------------------------------------------------------------
  Lisa M. Jones              $0.00            $0.00             $0.00
------------------------------------------------------------------------
  Kenneth J. Taubes          $0.00            $0.00             $0.00
------------------------------------------------------------------------

33

                                              Pension or
                                              Retirement         Total
                                                Benefits    Compensation
                              Aggregate       Accrued as    from the Fund
                           Compensation         Part of        and Other
Name of Director           from each Fund   Fund Expenses   Pioneer Funds(1)
----------------------------------------------------------------------------
Independent Directors:
----------------------------------------------------------------------------
  John E. Baumgardner, Jr.   $1,148.23            $0.00     $303,000.00
----------------------------------------------------------------------------
  Diane Durnin               $1,138.27            $0.00     $297,251.00
----------------------------------------------------------------------------
  Benjamin M. Friedman       $1,158.06            $0.00     $325,000.00
----------------------------------------------------------------------------
  Craig C. MacKay(2)           $583.33            $0.00     $166,646.00
----------------------------------------------------------------------------
  Lorraine H. Monchak        $1,161.29            $0.00     $330,751.00
----------------------------------------------------------------------------
  Thomas J. Perna            $1,204.38            $0.00     $404,500.00
----------------------------------------------------------------------------
  Marguerite A. Piret        $1,148.09            $0.00     $304,251.00
----------------------------------------------------------------------------
  Fred J. Ricciardi          $1,158.20            $0.00     $316,251.00
----------------------------------------------------------------------------

(1) As of the fiscal year ended November 30, 2021, there were 49 U.S. registered funds in the Pioneer Funds.

(2) Appointed as a Director on March 22, 2021.

Investment adviser and administrator

Amundi US (the "Adviser"), whose executive offices are located at 60 State Street, Boston, Massachusetts 02109, serves as investment adviser and administrator to each fund. Prior to January 1, 2021, Amundi US was known as Amundi Pioneer Asset Management, Inc.

Amundi US is an indirect, wholly owned subsidiary of Amundi and Amundi's wholly owned subsidiary, Amundi Holdings US, Inc. Amundi, one of the world's largest asset managers, is headquartered in Paris, France. As of March 31, 2022, Amundi had more than $2.2 trillion in assets under management worldwide. As of March 31, 2022, Amundi US (and its U.S. affiliates) had over $101 billion in assets under management.

Required vote

In accordance with the Bylaws for each of Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc., the affirmative vote of a majority of all of the votes of the Common Stock of the fund entitled to be cast at a meeting of stockholders duly called and at which a quorum is present is required to elect each nominee for Director.

- Mr. Baumgardner, Ms. Jones and Ms. Monchak are the current nominees for election as Class III Directors of Pioneer Diversified High Income Fund, Inc.;

34

Class I Directors of Pioneer Floating Rate Fund, Inc. and Pioneer Municipal High Income Opportunities Fund; and Class II Directors of Pioneer High Income Fund, Inc.

In accordance with the Bylaws for each of Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc., the holders of Common Stock and Preferred Stock of the fund will vote on the respective nominees designated to be elected by such class of shares.

The affirmative vote of a majority of all of the votes of the Common Stock and Preferred Stock of the fund entitled to be cast at a meeting of stockholders duly called and at which a quorum is present, voting together as a single class, is required to elect each nominee for Director designated to be elected by the Common Stock and Preferred Stock of the fund.

- Ms. Jones and Ms. Monchak are the current nominees for election by the Common Stock and Preferred Stock of the fund, voting together as a single class, as Class I Directors of Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc.

The affirmative vote of a majority of all of the votes of the Preferred Stock of the fund entitled to be cast at a meeting of stockholders duly called and at which a quorum is present is required to elect each nominee for Director designated to be elected by the Preferred Stock of the fund.

- Mr. Baumgardner is the current nominee for election by the Preferred Stock only as a Class I Director of Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc.

Recommendation

For the reasons set forth above, the Directors of your fund unanimously recommend that stockholders vote FOR each of Mr. Baumgardner, Ms. Jones and Ms. Monchak.

35

AUDITOR INFORMATION

Each fund's Board, with the approval and recommendation of the Audit Committee, has selected Ernst & Young LLP to serve as the independent registered public accounting firm for the fund's current fiscal year.

Audit fees

The following are aggregate fees billed for professional services rendered by Ernst & Young LLP for the two most recently completed fiscal years for its audit of each fund's annual financial statements and fees related to services that are normally provided by Ernst & Young LLP in connection with statutory and regulatory filings for the two most recent fiscal years. All of these services were pre-approved by the Audit Committee of each fund pursuant to Regulation S-X.

                                   For the fiscal year   For the fiscal year
                                     ended 3/31/2022       ended 3/31/2021
----------------------------------------------------------------------------
Pioneer High Income Fund, Inc.          $39,270.00            $39,270.00
----------------------------------------------------------------------------
Pioneer Municipal High Income
   Advantage Fund, Inc.                 $42,330.00            $42,330.00
----------------------------------------------------------------------------
                                   For the fiscal year   For the fiscal year
                                     ended 4/30/2022       ended 4/30/2021
----------------------------------------------------------------------------
Pioneer Diversified High
   Income Fund, Inc.                    $39,270.00            $39,270.00
----------------------------------------------------------------------------
Pioneer Municipal High
   Income Fund, Inc.                    $42,330.00            $42,330.00
----------------------------------------------------------------------------
Pioneer Municipal High Income
   Opportunities Fund, Inc.*            $52,000.00                    $0
----------------------------------------------------------------------------
                                   For the fiscal year   For the fiscal year
                                     ended 11/30/2021      ended 11/30/2020
----------------------------------------------------------------------------
Pioneer Floating Rate Fund, Inc.        $61,600.00            $61,600.00
----------------------------------------------------------------------------

* Pioneer Municipal High Income Opportunities Fund, Inc. commenced operations on August 6, 2021.

Audit-related fees

The following are aggregate audit-related fees billed for assurance and related services by Ernst & Young LLP to each fund that are related to agreed upon procedures related to the ratings of each fund's Preferred Stock (if any) for the two most recent fiscal years. All of these services were pre-approved by the Audit Committee of each fund pursuant to Regulation S-X.

36

                                  For the fiscal year   For the fiscal year
                                    ended 3/31/2022       ended 3/31/2021
---------------------------------------------------------------------------
Pioneer High Income Fund, Inc.               $0.00                 $0.00
---------------------------------------------------------------------------
Pioneer Municipal High Income
   Advantage Fund, Inc.                      $0.00                 $0.00
---------------------------------------------------------------------------
                                  For the fiscal year   For the fiscal year
                                    ended 4/30/2022       ended 4/30/2021
---------------------------------------------------------------------------
Pioneer Diversified High
   Income Fund, Inc.                         $0.00                 $0.00
---------------------------------------------------------------------------
Pioneer Municipal High
   Income Fund, Inc.                         $0.00                 $0.00
---------------------------------------------------------------------------
Pioneer Municipal High Income
   Opportunities Fund, Inc.*                 $0.00                 $0.00
---------------------------------------------------------------------------
                                  For the fiscal year   For the fiscal year
                                    ended 11/30/2021      ended 11/30/2020
---------------------------------------------------------------------------
Pioneer Floating Rate Fund, Inc.             $0.00                 $0.00
---------------------------------------------------------------------------

* Pioneer Municipal High Income Opportunities Fund, Inc. commenced operations on August 6, 2021.

Tax fees

The following are aggregate fees billed for professional services, primarily for tax returns, rendered by Ernst & Young LLP for tax compliance, tax advice and tax planning to each fund for the two most recent fiscal years. All of these services were pre-approved by the Audit Committee of each fund pursuant to Regulation S-X.

                                For the fiscal year  For the fiscal year
                                  ended 3/31/2022      ended 3/31/2021
------------------------------------------------------------------------
Pioneer High Income Fund, Inc.        $9,400.00            $9,934.00
------------------------------------------------------------------------
Pioneer Municipal High Income
   Advantage Fund, Inc.               $9,400.00            $9,934.00
------------------------------------------------------------------------
                                For the fiscal year  For the fiscal year
                                  ended 4/30/2022      ended 4/30/2021
------------------------------------------------------------------------
Pioneer Diversified High
   Income Fund, Inc.                  $9,500.00           $10,317.00
------------------------------------------------------------------------
Pioneer Municipal High
   Income Fund, Inc.                  $9,400.00            $9,934.00
------------------------------------------------------------------------
Pioneer Municipal High Income
   Opportunities Fund, Inc.*         $11,350.00                $0.00
------------------------------------------------------------------------

37

                                 For the fiscal year   For the fiscal year
                                   ended 11/30/2021      ended 11/30/2020
--------------------------------------------------------------------------
Pioneer Floating Rate Fund, Inc.      $10,317.00            $10,317.00
--------------------------------------------------------------------------

* Pioneer Municipal High Income Opportunities Fund, Inc. commenced operations on August 6, 2021.

All other fees

There were no fees billed for other services rendered by Ernst & Young LLP to the funds.

Affiliates' Fees for Non-Audit Services Required to be Pre-Approved

Each fund's Audit Committee is required to pre-approve services to affiliates as defined by SEC rules to the extent that the services relate directly to the operations or financial reporting of the fund. Affiliates include the fund's investment adviser and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the fund (hereinafter referred to as "affiliates" of the fund). For the fiscal years ended March 31, 2022 and 2021, for Pioneer High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc., there were no services provided to an affiliate that required the fund's Audit Committee pre-approval. For the fiscal years ended April 30, 2022 and 2021, for Pioneer Diversified High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc., there were no services provided to an affiliate that required the fund's Audit Committee pre-approval. For the fiscal years ended November 30, 2021 and 2020, for Pioneer Floating Rate Fund, Inc., there were no services provided to an affiliate that required the fund's Audit Committee pre-approval.

General Audit Committee Approval Policy

o For all projects, each of the officers of the funds and the funds' independent registered public accounting firm will make an assessment to determine that any proposed projects will not impair independence.

o Potential services will be classified into the four non-restricted service categories and the "Approval of Audit, Audit-Related, Tax and Other Services" Policy will be applied. Any services outside the specific pre-approved service subcategories set forth above must specifically be approved by the Audit Committee.

o At least quarterly, the Audit Committee shall review a report summarizing the services by service category, including fees, provided by the independent registered public accounting firm as set forth in the above policy.

The charter of each Audit Committee requires that the Audit Committee shall approve (a) all audit and non-audit services to be provided to each fund and
(b) all non-audit services to be provided by the fund's independent public accounting firm to Amundi US and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the fund ("Covered Service Providers") if the engagement

38

relates directly to the operations and financial reporting of the fund. The Audit Committee may delegate, to the extent permitted by law, pre-approval responsibilities to one or more members of the Audit Committee who shall report to the full Audit Committee.

The Audit Committee may not approve non-audit services that the Audit Committee believes may impair the independence of the independent registered public accounting firm. Permissible non-audit services include any professional services (including tax services) that are not prohibited services as described below provided to the fund by the independent registered public accounting firm, other than those provided to a fund in connection with an audit or a review of the financial statements of the fund. Permissible non-audit services may not include (a) bookkeeping or other services related to the accounting records or financial statements of the fund; (b) financial information systems design and implementation; (c) appraisal or valuation services, fairness opinions or contribution-in-kind reports; (d) actuarial services; (e) internal audit outsourcing services; (f) management functions or human resources; (g) broker or dealer, investment adviser or investment banking services; (h) legal services and expert services unrelated to the audit; and (i) any other service the Public Company Accounting Oversight Board determines, by regulation, is impermissible.

Pre-approval by the Audit Committee of any permissible non-audit services is not required so long as: (a) the aggregate amount of all such permissible non-audit services provided to a fund, Amundi US and any Covered Service Provider constitutes not more than 5% of the total amount of revenues paid to the independent registered public accounting firm during the fiscal year in which the permissible non-audit services are provided to (i) the fund, (ii) Amundi US and (iii) any Covered Service Provider during the fiscal year in which services are provided that would not have to be approved by the Audit Committee; (b) the permissible non-audit services were not recognized by the fund at the time of the engagement to be non-audit services; and (c) such services are promptly brought to the attention of the Audit Committee and approved by the Audit Committee (or its delegate(s)) prior to completion of the audit.

Aggregate Non-Audit Fees

The aggregate non-audit fees billed by Ernst & Young LLP for services rendered to each fund and its affiliates, as previously defined, were as follows.

                                For the fiscal year   For the fiscal year
                                  ended 3/31/2022       ended 3/31/2021
-------------------------------------------------------------------------
Pioneer High Income Fund, Inc.             $0.00                 $0.00
-------------------------------------------------------------------------
Pioneer Municipal High Income
   Advantage Fund, Inc.                    $0.00                 $0.00
-------------------------------------------------------------------------

39

                                 For the fiscal year   For the fiscal year
                                   ended 4/30/2022       ended 4/30/2021
--------------------------------------------------------------------------
Pioneer Diversified High
   Income Fund, Inc.                        $0.00                 $0.00
--------------------------------------------------------------------------
Pioneer Municipal High
   Income Fund, Inc.                        $0.00                 $0.00
--------------------------------------------------------------------------
Pioneer Municipal High Income
   Opportunities Fund, Inc.*                $0.00                 $0.00
--------------------------------------------------------------------------
                                 For the fiscal year   For the fiscal year
                                   ended 11/30/2021      ended 11/30/2020
--------------------------------------------------------------------------
Pioneer Floating Rate Fund, Inc.            $0.00                 $0.00
--------------------------------------------------------------------------

* Pioneer Municipal High Income Opportunities Fund, Inc. commenced operations on August 6, 2021.

The Audit Committee of the Board of each fund has considered whether the provision of services, other than audit services, by Ernst & Young LLP to each fund and its affiliates is compatible with maintaining Ernst & Young LLP's independence in performing audit services.

Representatives of Ernst & Young LLP will be available at the stockholder meeting, will have the opportunity to make a statement should they desire to do so, and will be available to answer questions.

40

INFORMATION CONCERNING THE MEETINGS

Outstanding shares and quorum

As of the record date, July 7, 2022, the following shares of Common Stock and Preferred Stock were outstanding for each fund:

                                    Common Stock        Preferred Stock
-------------------------------------------------------------------------
Pioneer Diversified High Income
     Fund, Inc.                    8,334,759.000    None
Pioneer Floating Rate Fund, Inc.  12,374,933.000    None
Pioneer High Income Fund, Inc.    35,149,449.000    None
Pioneer Municipal High Income
     Advantage Fund, Inc.         23,914,439.000    1800 Series 2021
                                                    VMTP
                                                    Variable Rate
                                                    MuniFund Term
                                                    Preferred Shares
                                                    Series 2021
Pioneer Municipal High Income
     Fund, Inc.                   22,771,349.000    1450 Series 2021
                                                    VMTP
                                                    Preferred -- Variable
                                                    Rate MuniFund Term
                                                    Preferred Shares
                                                    Series 2021
Pioneer Municipal High Income
     Opportunities Fund, Inc.     16,885,273.000    None

Only stockholders of record as of the close of business on the record date are entitled to notice of and to vote at the meeting. With respect to matters to be voted on by the Common Stock and Preferred Stock of a fund voting together as a single class, the presence in person or by proxy of stockholders entitled to cast a majority of the votes entitled to be cast at the meeting (without regard to class) on such matters shall constitute a quorum for the transaction of business on such matters. With respect to matters to be voted on by the Preferred Stock of a fund voting as a separate class, the presence in person or by proxy of stockholders entitled to cast a majority of the votes entitled to be cast at the meeting by holders of stock of such class on such matters shall constitute a quorum for the transaction of business on such matters.

41

Ownership of shares of the funds

Pioneer Diversified High Income Fund, Inc.

To the best of the fund's knowledge, as of July 7, 2022, Cede & Co., a nominee for participants in the Depository Trust Company, P.O. Box 20, Bowling Green Station, New York, NY 10004, held of record 8,333,699.000 shares, equal to approximately 99.99% of the fund's outstanding Common Stock, including the shares shown below:

Name and Address
of Beneficial Owner          Share Class  Number of Shares  % of Class
-----------------------------------------------------------------------
First Trust Portfolios L.P.
First Trust Advisors L.P.
The Charger Corporation
120 East Liberty Drive,
Suite 400
Wheaton, Illinois 60187      Common       1,622,385         19.47%(1)
-----------------------------------------------------------------------

(1) Based on Schedule 13G filed by First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation on January 21, 2022.

Pioneer Floating Rate Fund, Inc.

To the best of the fund's knowledge, as of July 7, 2022, Cede & Co., a nominee for participants in the Depository Trust Company, P.O. Box 20, Bowling Green Station, New York, NY 10004, held of record 12,372,708.000 shares, equal to approximately 99.99% of the fund's outstanding Common Stock, including the shares shown below:

Name and Address
of Beneficial Owner          Share Class  Number of Shares  % of Class
-----------------------------------------------------------------------
First Trust Portfolios L.P.
First Trust Advisors L.P.
The Charger Corporation
120 East Liberty Drive,
Suite 400
Wheaton, Illinois 60187      Common       1,877,849         15.17%(1)
----------------------------------------------------------------------

(1) Based on Schedule 13G filed by First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation on July 6, 2022.

Pioneer High Income Fund, Inc.

To the best of the fund's knowledge, as of July 7, 2022, Cede & Co., a nominee for participants in the Depository Trust Company, P.O. Box 20, Bowling Green Station, New York, NY 10004, held of record 29,289,771.000 shares, equal to approximately 99.90% of the fund's outstanding Common Stock, including the shares shown below:

42

Name and Address
of Beneficial Owner           Share Class      Number of Shares   % of Class
----------------------------------------------------------------------------
First Trust Portfolios L.P.
First Trust Advisors L.P.
The Charger Corporation
120 East Liberty Drive,
Suite 400
Wheaton, Illinois 60187       Common           4,749,514          16.19%(1)
----------------------------------------------------------------------------

(1) Based on Schedule 13G filed by First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation on January 14, 2022.

Pioneer Municipal High Income Advantage Fund, Inc.

To the best of the fund's knowledge, as of July 7, 2022, Cede & Co., a nominee for participants in the Depository Trust Company, P.O. Box 20, Bowling Green Station, New York, NY 10004, held of record 23,899,504.000 shares, equal to approximately 99.97% of the fund's outstanding Common Stock, including the shares shown below:

Name and Address
of Beneficial Owner           Share Class      Number of Shares   % of Class
----------------------------------------------------------------------------
First Trust Portfolios L.P.
First Trust Advisors L.P.
The Charger Corporation
120 East Liberty Drive,
Suite 400
Wheaton, Illinois 60187       Common           3,015,591          12.61%(1)
----------------------------------------------------------------------------

(1) Based on Schedule 13G filed by First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation on January 20, 2022.

To the best of the fund's knowledge, as of July 7, 2022, Wells Fargo & Company, 420 Montgomery Street, San Francisco, CA 94104 and Wells Fargo Municipal Capital Strategies, LLC, 30 Hudson Yards, New York, New York 10001, held of record 1,800 shares, equal to 100% of the fund's outstanding Series 2021 VMTP Preferred -- Variable Rate MuniFund Term Preferred Shares Series 2021.

Pioneer Municipal High Income Fund, Inc.

To the best of the fund's knowledge, as of July 7, 2022, Cede & Co., a nominee for participants in the Depository Trust Company, P.O. Box 20, Bowling Green Station, New York, NY 10004, held of record 22,759,308.000 shares, equal to approximately 99.97% of the fund's outstanding Common Stock, including the shares shown below:

43

Name and Address
of Beneficial Owner          Share Class   Number of Shares   % of Class
-------------------------------------------------------------------------
First Trust Portfolios L.P.
First Trust Advisors L.P.
The Charger Corporation
120 East Liberty Drive,
Suite 400
Wheaton, Illinois 60187      Common         3,262,785         14.33%(1)
-------------------------------------------------------------------------

(1) Based on Schedule 13G filed by First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation on January 18, 2022.

To the best of the fund's knowledge, as of July 7, 2022, Wells Fargo & Company, 420 Montgomery Street, San Francisco, CA 94104 and Wells Fargo Municipal Capital Strategies, LLC, 30 Hudson Yards, New York, New York 10001, held of record 1,450 shares, equal to 100% of the fund's outstanding Series 2021 VMTP Preferred -- Variable Rate MuniFund Term Preferred Shares Series 2021.

Pioneer Municipal High Income Opportunities Fund, Inc.

To the best of the fund's knowledge, as of July 7, 2022, Cede & Co., a nominee for participants in the Depository Trust Company, P.O. Box 20, Bowling Green Station, New York, NY 10004, held of record 16,877,689.000 shares, equal to approximately 99.97% of the fund's outstanding Common Stock.

Stockholder proposals

Under Rule 14a-8 of the Exchange Act (relating to stockholder proposals), any stockholder proposal that may properly be included in your fund's proxy statement for the 2023 annual meeting, must be received by the Secretary of the fund at the fund's principal offices at 60 State Street, Boston, Massachusetts 02109 at least 120 calendar days prior to the anniversary of the date of mailing of the fund's proxy statement for the 2022 annual meeting, or on or before April 3, 2023. A proposal or nomination that is not to be included in a fund's proxy statement may be made at the 2023 annual meeting for such fund only if it is received by the Secretary of the fund at the fund's principal offices at 60 State Street, Boston, Massachusetts 02109 not more than 150 days and at least 120 days (i.e., April 3, 2023) before the anniversary date of the mailing of the fund's proxy materials for the 2022 annual meeting provided, however, that in the event that the date of the mailing of the notice for the 2023 annual meeting for a fund is advanced or delayed by more than thirty (30) days from the anniversary date of the mailing of the notice for the 2022 annual meeting, notice by a stockholder to be timely must be so delivered not earlier than the close of business on the 150th day prior to the date of the 2023 annual meeting and not later than the close of business on the later of the 120th day prior to the date of the 2023 annual meeting, as originally convened, or the 10th day following the day on which public announcement of the date of mailing of the notice for the 2023 meeting is first made by the fund. The funds' Bylaws require that certain information must be provided by the stockholder to the fund when notice of a nominee for election as a Director or proposal is submitted to the fund.

44

The submission by a stockholder of a proposal for inclusion in a proxy statement does not guarantee that it will be included. Each of Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc., Pioneer Municipal High Income Fund, Inc., Pioneer Municipal High Income Advantage Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc. currently expect to hold the next annual stockholders' meeting on or about September 14, 2023, which date is subject to change. Stockholder proposals are subject to certain regulations under the federal securities laws.

Proxies, quorum and voting at the meeting

Stockholders who execute proxies or provide voting instructions by telephone or the Internet generally have the power to revoke them at any time before a vote is taken on a proposal by executing a superseding proxy or by submitting a notice of revocation to the Secretary of the fund. In addition, although mere attendance at the meeting will not revoke a proxy, a stockholder present at the meeting may withdraw his or her proxy and vote at the meeting. All properly executed and unrevoked proxies received in time for the meeting will be voted in accordance with the instructions contained in the proxies. If no instruction is given, the persons named as proxies will vote the shares represented thereby in favor of Proposal 1, as described above, and will vote in their discretion in connection with the transaction of such other business as may properly come before the meeting or any postponements or adjournments thereof.

Only stockholders of record as of the close of business on the record date are entitled to notice of and to vote at the meeting.

For each of Pioneer Diversified High Income Fund, Inc., Pioneer Floating Rate Fund, Inc., Pioneer High Income Fund, Inc. and Pioneer Municipal High Income Opportunities Fund, Inc.: the presence in person or by proxy of stockholders entitled to cast a majority of the votes entitled to be cast at the meeting by holders of stock of such fund shall constitute a quorum for the transaction of business at the meeting.

For each of Pioneer Municipal High Income Fund, Inc. and Pioneer Municipal High Income Advantage Fund, Inc.: with respect to matters to be voted on by the Common Stock and Preferred Stock of a fund voting together as a single class, the presence in person or by proxy of stockholders entitled to cast a majority of the votes entitled to be cast at the meeting (without regard to class) on such matters shall constitute a quorum for the transaction of business on such matters; with respect to matters to be voted on by the Preferred Stock of a fund voting as a separate class, the presence in person or by proxy of stockholders entitled to cast a majority of the votes entitled to be cast at the meeting by holders of stock of such class on such matters shall constitute a quorum for the transaction of business on such matters.

Abstentions and "broker non-votes" will be treated as present for purposes of determining a quorum. "Broker non-votes" occur when a broker or nominee holding shares in "street name" does not vote on a proposal because the broker or nominee does not have discretionary voting power for that particular item and has not received instructions from the beneficial owner. However, because the funds understand that a broker or nominee may

45

exercise discretionary voting power with respect to Proposal 1, and there are no other proposals expected to come before the meeting for which a broker or nominee would not have discretionary voting authority, the funds do not anticipate that there will be any "broker non-votes" at the meeting.

The meeting with respect to one or more funds may, by action of the chair of the meeting and without any action by stockholders, be adjourned from time to time with respect to one or more matters to be considered at the meeting to a later date and time and at a place announced at the meeting, whether or not a quorum is present with respect to such matter, and the meeting may be held as adjourned without further notice other than announcement at the meeting and provided that the new meeting date is not more than 120 days from the original record date. At the discretion of the chair, if a quorum is present with respect to a proposal to be considered at the meeting, a vote may be taken on the proposal prior to such adjournment. Such vote will be considered final regardless of whether the meeting is adjourned with respect to any other proposal. The meeting may be postponed prior to the meeting. If the meeting is postponed, the funds will give notice of the postponed meeting to stockholders.

On any matter submitted to a vote of stockholders each whole share shall be entitled to one vote as to any matter on which it is entitled to vote and each fractional share shall be entitled to a proportionate fractional vote.

As discussed more fully under Proposal 1 above, nominees must be elected by a majority of all the votes entitled to be cast at a meeting of stockholders duly called and at which a quorum is present. Because the required vote for Proposal 1 is based on the number of votes the fund's stockholders are entitled to cast rather than on the number of votes cast, failure to vote your shares (including failure to give voting instructions to your broker, bank or other nominee), abstentions and "broker non-votes" will have the same effect as voting "AGAINST" the election of the directors. However, because the funds understand that a broker or nominee may exercise discretionary voting power with respect to Proposal 1, and there are no other proposals expected to come before the meeting for which a broker or nominee would not have discretionary voting authority, the funds do not anticipate that there will be any "broker non-votes" at the meeting.

Other business

While the meeting has been called to transact any business that may properly come before it, the only matters that the Board intends to present are those matters stated in the attached notice of annual meeting of stockholders. However, if any additional matters properly come before the annual stockholder meeting, and on all matters incidental to the conduct of the meeting, the persons named as proxies will vote in their discretion on such matters unless instructed to the contrary.

Method of solicitation and expenses

The cost of preparing, printing and mailing the enclosed proxy statement, accompanying notice of annual meeting of stockholders and the accompanying proxy card for each fund will be borne by that fund. In addition to soliciting proxies by mail, Amundi US may, at the

46

fund's expense, have one or more of the fund's officers, representatives or compensated third-party agents, including Amundi US and Amundi Distributor US, Inc., aid in the solicitation of proxies by personal interview or telephone and may request brokerage houses and other custodians, nominees and fiduciaries to forward proxy soliciting material to the beneficial owners of the shares held of record by such persons. Each fund has retained Di Costa Partners, LLC to assist in the proxy solicitation. The cost of services for all solicitations covered by this proxy statement is estimated at approximately $68,000.

Each fund may also arrange to have votes recorded by telephone, the internet or other electronic means. The voting procedures used in connection with such voting methods are designed to authenticate stockholders' identities, to allow stockholders to authorize the voting of their shares in accordance with their instructions and to confirm that their instructions have been properly recorded. In the case of telephone voting, stockholders would be called at the phone number the transfer agent, American Stock Transfer & Trust Company, has in its records for their accounts, and would be asked for their Social Security number or other identifying information. The stockholders would then be given an opportunity to authorize proxies to vote their shares at the meeting in accordance with their instructions. In the case of automated telephone and internet voting, stockholders would be required to provide their Social Security number or other identifying information and would receive a confirmation of their instructions.

Persons holding shares as nominees will be reimbursed by the fund, upon request, for the reasonable expenses of mailing soliciting materials to the principals of the accounts.

August 1, 2022

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33065-00-0822


LOGO: Amundi

Asset Management

PO Box 211230, Eagan, MN 55121-9984

VOTE BY MAIL

                        1. Read the proxy statement.
[ENVELOPE IMAGE]        2. Check the appropriate box(es) on the reverse side of
                           the proxy card.
                        3. Sign, date and return the proxy card in the
                           envelope provided.

                        VOTE ONLINE
[LAPTOP IMAGE]          1. Read the proxy statement and have the proxy card at
                           hand.
                        2. Go to www.proxyvotenow.com/amundi
                        3. Follow the simple instructions.

[PHONE IMAGE]           VOTE BY PHONE
                        1. Read the proxy statement and have the proxy card
                           at hand.
                        2. Call toll-free 855-276-6786
                        3. Follow the simple instructions.

PLEASE DETACH AT PERFORATION BEFORE MAILING.

(FUND NAME PRINTS HERE)

ANNUAL MEETING OF STOCKHOLDERS
SEPTEMBER 15, 2022

This proxy is solicited on behalf of the Board of Directors of the above-named Fund ("Fund"). I (we) the undersigned holder(s) of shares of common stock of the Fund, having received notice of the meeting and proxy statement, and revoking all prior proxies, hereby appoint Lisa M. Jones, Christopher J. Kelley and Thomas Reyes, and each of them, my (our) attorneys (with full power of substitution in them and each of them) for and in my
(our) name(s) to attend the Annual Meeting of Stockholders (the "Meeting") of the Fund scheduled to be held on September 15, 2022 at 2:00 p.m. Eastern Time at the offices of Morgan, Lewis & Bockius LLP, One Federal Street, Boston, MA 02110 and any postponements or adjournments thereof, and to vote and act upon the following matters (as more fully described in the accompanying proxy statement) in respect of all shares of common stock of the Fund which I (we) would possess if personally present. This proxy will be valid until the sooner of one year from the date indicated on the reverse side and the completion of the Meeting (including any postponements or adjournments thereof).

IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE SHARES OF COMMON STOCK REPRESENTED BY THIS PROXY WILL BE VOTED AS DIRECTED BY THE UNDERSIGNED.

CONTROL NUMBER ___________

AUTHORIZED SIGNATURE(S)
THIS SECTION MUST BE COMPLETED FOR YOUR VOTE TO BE COUNTED.


Signature(s) and Title(s), if applicable Sign in the box above

Date

Note: In signing, please write name(s) exactly as they appear on this proxy. When signing as attorney, executor, administrator, or other fiduciary, please give your full title as such. Joint owners should each sign personally.

100138_091522_HNW-MIO-PHD-PHT


Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to be held on September 15, 2022.

The Proxy Statement for this Meeting is available at www.eproxyaccess.com/amundi2022

YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.
PLEASE CAST YOUR VOTE TODAY!

YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE TO BE COUNTED.

IF YOU ARE NOT VOTING BY PHONE OR INTERNET, PLEASE SIGN AND DATE THIS PROXY CARD ON THE REVERSE SIDE AND RETURN IT PROMPTLY IN THE ENCLOSED ENVELOPE.

PLEASE DETACH AT PERFORATION BEFORE MAILING.

THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS OF THE FUND AND SHOULD BE

RETURNED AS SOON AS POSSIBLE IN THE ENVELOPE PROVIDED. THE BOARD RECOMMENDS THAT

YOU VOTE IN FAVOR OF THE PROPOSAL.

IF NO SPECIFICATION IS MADE, THIS PROXY SHALL BE VOTED FOR THE PROPOSAL. If any
other matters properly come before the Meeting to be voted on, the proxy holders will vote, act and consent on those matters in accordance with the views of management.

TO VOTE, MARK BOX(ES) BELOW IN BLUE OR BLACK INK AS FOLLOWS: [X]

1. To elect three Directors of the Fund, as named in the proxy statement, each to serve until the third annual meeting following his or her election and until his or her successor is duly elected and qualifies:

                                                  FOR        AGAINST      ABSTAIN
(01)  John E. Baumgardner, Jr.                    [_]          [_]          [_]
(02)  Lisa M. Jones                               [_]          [_]          [_]
(03)  Lorraine H. Monchak                         [_]          [_]          [_]

2. To consider any or other business that may properly come before the annual meeting or any postponements or adjournments thereof.

PLEASE COMPLETE, SIGN, DATE AND RETURN THIS PROXY CARD PROMPTLY IN THE
ENCLOSED POSTAGE-PAID ENVELOPE OR VOTE BY INTERNET OR PHONE. IF YOU VOTE
BY INTERNET OR PHONE YOU DO NOT NEED TO RETURN THIS CARD.

100138_091522_HNW-MIO-PHD-PHT


LOGO: Amundi

Asset Management

PO Box 211230, Eagan, MN 55121-9984

VOTE BY MAIL

                        1. Read the proxy statement.
[ENVELOPE IMAGE]        2. Check the appropriate box(es) on the reverse side of
                           the proxy card.
                        3. Sign, date and return the proxy card in the
                           envelope provided.

                        VOTE ONLINE
[LAPTOP IMAGE]          1. Read the proxy statement and have the proxy card at
                           hand.
                        2. Go to www.proxyvotenow.com/amundi
                        3. Follow the simple instructions.

[PHONE IMAGE]           VOTE BY PHONE
                        1. Read the proxy statement and have the proxy card
                           at hand.
                        2. Call toll-free 855-276-6786
                        3. Follow the simple instructions.

PLEASE DETACH AT PERFORATION BEFORE MAILING.

(FUND NAME PRINTS HERE)

ANNUAL MEETING OF STOCKHOLDERS
SEPTEMBER 15, 2022

This proxy is solicited on behalf of the Board of Directors of the above-named Fund ("Fund"). I (we) the undersigned holder(s) of shares of common and/or preferred stock of the Fund, having received notice of the meeting and proxy statement, and revoking all prior proxies, hereby appoint Lisa M. Jones, Christopher J. Kelley and Thomas Reyes, and each of them, my (our) attorneys
(with full power of substitution in them and each of them) for and in my (our)
name(s) to attend the Annual Meeting of Stockholders (the "Meeting") of the Fund scheduled to be held on September 15, 2022 at 2:00 p.m. Eastern Time at the offices of Morgan, Lewis & Bockius LLP, One Federal Street, Boston, MA 02110 and any postponements or adjournments thereof, and to vote and act upon the following matters (as more fully described in the accompanying proxy statement) in respect of all shares of common and/or preferred stock of the Fund which I
(we) would possess if personally present. This proxy will be valid until the sooner of one year from the date indicated on the reverse side and the completion of the Meeting (including any postponements or adjournments thereof).

IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE SHARES OF COMMON AND/OR PREFERRED STOCK REPRESENTED BY THIS PROXY WILL BE VOTED AS DIRECTED BY THE UNDERSIGNED.

CONTROL NUMBER ___________

AUTHORIZED SIGNATURE(S)
THIS SECTION MUST BE COMPLETED FOR YOUR VOTE TO BE COUNTED.


Signature(s) and Title(s), if applicable Sign in the box above

Date

Note: In signing, please write name(s) exactly as they appear on this proxy. When signing as attorney, executor, administrator, or other fiduciary, please give your full title as such. Joint owners should each sign personally.

100138_091522_MAV-MHI


Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to be held on September 15, 2022.

The Proxy Statement for this Meeting is available at www.eproxyaccess.com/amundi2022

YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN.
PLEASE CAST YOUR VOTE TODAY!

YOUR SIGNATURE IS REQUIRED FOR YOUR VOTE TO BE COUNTED.

IF YOU ARE NOT VOTING BY PHONE OR INTERNET, PLEASE SIGN AND DATE THIS PROXY CARD ON THE REVERSE SIDE AND RETURN IT PROMPTLY IN THE ENCLOSED ENVELOPE.

PLEASE DETACH AT PERFORATION BEFORE MAILING.

THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS OF THE FUND AND SHOULD BE

RETURNED AS SOON AS POSSIBLE IN THE ENVELOPE PROVIDED. THE BOARD RECOMMENDS THAT

YOU VOTE IN FAVOR OF THE PROPOSAL.

If no specification is made, this proxy shall be voted FOR the proposal. If any other matters properly come before the Meeting to be voted on, the proxy holders will vote, act and consent on those matters in accordance with the views of management.

TO VOTE, MARK BOX(ES) BELOW IN BLUE OR BLACK INK AS FOLLOWS: [X]

1. To elect three Directors of the Fund, as named in the proxy statement, each to serve until the third annual meeting following his or her election and until his or her successor is duly elected and qualifies:

                                                      FOR        AGAINST      ABSTAIN


(01) John E. Baumgardner, Jr.                         [_]          [_]          [_]
    (to be voted on by shares of Preferred Stock only
    of Pioneer Municipal High Income Fund, Inc. and
    Pioneer Municipal High Income Advantage
    Fund, Inc.)

(02) Lisa M. Jones                                    [_]          [_]          [_]

(03) Lorraine H. Monchak                              [_]          [_]          [_]

2. To consider any or other business that may properly come before the annual meeting or any postponements or adjournments thereof.

PLEASE COMPLETE, SIGN, DATE AND RETURN THIS PROXY CARD PROMPTLY IN THE
ENCLOSED POSTAGE-PAID ENVELOPE OR VOTE BY INTERNET OR PHONE. IF YOU VOTE
BY INTERNET OR PHONE YOU DO NOT NEED TO RETURN THIS CARD.

100138_091522_MAV-MHI

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