0000869356-01-500007.txt : 20011009 0000869356-01-500007.hdr.sgml : 20011009 ACCESSION NUMBER: 0000869356-01-500007 CONFORMED SUBMISSION TYPE: 485APOS PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20010921 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER EQUITY INCOME FUND CENTRAL INDEX KEY: 0000869356 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485APOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-46453 FILM NUMBER: 1741727 BUSINESS ADDRESS: STREET 1: 60 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174224960 MAIL ADDRESS: STREET 1: 60 STATE STREET 19TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109-1820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER EQUITY INCOME FUND CENTRAL INDEX KEY: 0000869356 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485APOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08657 FILM NUMBER: 1741728 BUSINESS ADDRESS: STREET 1: 60 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174224960 MAIL ADDRESS: STREET 1: 60 STATE STREET 19TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109-1820 485APOS 1 ei091401485a.txt RULE 485(A) REGISTRATION STATEMENT As filed with the Securities and Exchange Commission on September 21, 2001 File Nos. 333-46453 811-08657 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 / X / --- Pre-Effective Amendment No. ___ / / --- Post-Effective Amendment No. 6 / X / --- and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 / X / --- Amendment No. 7 / X / --- (Check appropriate box or boxes) PIONEER EQUITY-INCOME FUND (Exact Name of Registrant as Specified in Charter) 60 State Street, Boston, Massachusetts 02109 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, including Area Code: (617) 742-7825 Joseph P. Barri, Hale and Dorr LLP, 60 State Street, Boston, Massachusetts 02109 (Name and Address of Agent for Service) It is proposed that this filing will become effective (check appropriate box): ___ immediately upon filing pursuant to paragraph (b) ___ on [date] pursuant to paragraph (b) ___ 60 days after filing pursuant to paragraph (a)(1) X on October 1, 2001 pursuant to paragraph (a)(1) --- ___ 75 days after filing pursuant to paragraph (a)(2) ___ on [date] pursuant to paragraph (a)(2)of Rule 485. If appropriate, check the following box: ___ This post-effective amendment designates a new effective date for a previously filed post-effective amendment. STATEMENT OF INCORPORATION BY REFERENCE The following documents are incorporated herein by reference in their entirety: As filed with Document the SEC on Accession Number ---------------------------------- ---------------- -------------------- Prospectus for Class A, B and C Shares dated March 1, 2001 3/1/01 0000869356-01-000004 Prospectus for Class Y Shares dated March 1, 2001 3/1/01 0000869356-01-000004 Statement of additional informa- tion dated March 1, 2001 3/1/01 0000869356-01-000004 July 30, 2001 supplement to Class A, B and C Shares prospectus dated March 1, 2001 7/30/01 0001016964-01-500088 July 30, 2001 supplement to SAI, dated March 1, 2001 7/30/01 0001016964-01-500088 September 14, 2001 supplement to SAI, dated March 1, 2001 9/17/01 0001016964-01-500172 Pioneer Equity-Income Fund Annual Report October 31, 2000 12/21/00 0000869356-00-000013 Pioneer Equity-Income Fund Semi-Annual Report April 30, 2001 6/21/01 0000863334-01-500003 October 1, 2001 SUPPLEMENT TO THE MARCH 1, 2001 CLASS A, CLASS B AND CLASS C PROSPECTUS FOR PIONEER EQUITY-INCOME FUND The fund has added an initial sales charge of 1% of the offering price of its Class C shares. The following supplements the sections of the prospectus referenced below. Please refer to the prospectus for the full text of the supplemented section. BASIC INFORMATION ABOUT THE FUND COMPARISON WITH THE STANDARD & POOR'S 500 INDEX AVERAGE ANNUAL TOTAL RETURN (%) (for periods ended December 31, 2000) SINCE INCEPTION 1 YEAR 5 YEARS 10 YEARS INCEPTION DATE ------------------------------------------------------------------------------- Class C XX.XX n/a n/a X.XX 1/31/96 ............................................................................... S&P 500 Index (9.11) 18.28 17.41 15.96* --- ------------------------------------------------------------------------------- Reflects the return of the index since the inception of Class A shares. The return of the index since the inception of Class B shares is 19.90% and Class C shares is 17.84%. FEES AND EXPENSES These are the fees and expenses, based on the fund's latest fiscal year, you may pay if you invest in the fund. SHAREOWNER FEES PAID DIRECTLY FROM YOUR INVESTMENT CLASS A CLASS B CLASS C ----------------------------------------------------------------------- Maximum sales charge (load) when you buy shares as a percentage of offering price 5.75% None 1% ....................................................................... Maximum deferred sales charge (load) as a percentage of offering price or the amount you receive when you sell shares, whichever is less None(1) 4% 1% ----------------------------------------------------------------------- ANNUAL FUND OPERATING EXPENSES PAID FROM THE ASSETS OF THE FUND as a percentage of average CLASS A CLASS B CLASS C daily net assets ------------------------------- ----------------- ----------------- ----------- Management Fee 0.60% 0.60% 0.60% ------------------------------- ----------------- ----------------- ----------- ------------------------------- ----------------- ----------------- ----------- Distribution and Service 0.25% 1.00% 1.00% (12b-1) Fee ------------------------------- ----------------- ----------------- ----------- ------------------------------- ----------------- ----------------- ----------- Other Expenses 0.26% 0.31% 0.42% ------------------------------- ----------------- ----------------- ----------- ------------------------------- ----------------- ----------------- ---------- Total Annual Fund 1.11% 1.91% 2.02% Operating Expenses ------------------------------- ----------------- ----------------- ----------- ------------------------------------------------------------------------------- (1) Purchases of $1 million or more and purchases by participants in certain group plans are not subject to an initial sales charge but may be subject to a contingent deferred sales charge. See "Buying, exchanging and selling shares." EXAMPLE IF YOU SELL YOUR SHARES IF YOU DO NOT SELL YOUR SHARES ---------------------------------------------------------------------------- NUMBER OF YEARS YOU OWN YOUR SHARES --------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 ------------------------------------------------------------------------------- Class C xxx xxx x,xxx x,xxx xxx xxx x,xxx x,xxx ------------------------------------------------------------------------------ BUYING, EXCHANGING AND SELLING SHARES NET ASSET VALUE You buy or sell shares at the share price. When you buy Class A or Class C, you pay an initial sales charge unless you qualify for a waiver or reduced sales charge. COMPARING CLASSES OF SHARES WHY YOU MIGHT PREFER EACH CLASS (CLASS C) You may prefer Class C shares if you would rather pay higher annual expenses over time and you wish to pay a lower initial sales charge than for Class A shares or if you qualify for a waiver of the initial sales charge. INITIAL SALES CHARGE (CLASS C) 1% of the offering price, which is waived for certain investors. At the time of purchase, your investment firm receives a commission from the distributor of up to 2%. CONTINGENT DEFERRED SALES CHARGES (CLASS C) A 1% charge if you sell your shares within one year of purchase. SALES CHARGES: CLASS C SHARES You buy Class C shares at the offering price, which includes an initial sales charge of 1% of the amount invested, unless you qualify to purchase shares at net asset value per share without paying an initial sales charge. If you sell your Class C shares within one year of purchase, you will pay also the distributor a contingent deferred sales charge of 1% of the current market value or the original cost (less any initial sales charge) of the shares you are selling, whichever is less. PAYING THE CONTINGENT DEFERRED SALES CHARGE (CDSC) Several rules apply for Class C shares so that you pay the lowest possible CDSC. |X| The CDSC is calculated on the current market value or the original cost (less any initial sales charge) of the shares you are selling, whichever is less |X| You do not pay a CDSC on reinvested dividends or distributions |X| In determining the amount of time since your purchase, all purchases are considered to have been made on the first day of that month (quarter for shares purchased before October 1, 1998) |X| If you sell only some of your shares, the transfer agent will first sell your shares that are not subject to any CDSC and then the shares that you purchased most recently |X| You may qualify for a waiver of the CDSC normally charged. See "Qualifying for a reduced sales charge" CLASS C SALES CHARGES You may pay a combination of initial and contingent deferred charges in connection with Class C shares. The following is inserted after the section entitled "Letter of intent (Class A)": INITIAL CLASS C SALES CHARGE WAIVERS You may purchase Class C shares at net asset value without an initial sales charge as follows. If you believe you qualify for any of the waivers discussed below, you must let your broker-dealer know prior to purchasing shares. You will not be entitled to the waiver unless your broker-dealer notifies the distributor of your eligibility at the time of purchase. You may not resell these shares except to or on behalf of the fund. CLASS C PURCHASES AT NET ASSET VALUE ARE AVAILABLE TO: |X| Any person purchasing Class C shares through a broker-dealer that has entered into an agreement with the distributor waiving the initial sales charge (reducing the commission payable to such broker-dealer at the time of sale from 2% to 1% of the amount invested). You should determine if your broker-dealer participates in the sale of Class C shares on this basis before purchasing Class C shares; |X| Any shareowner who held Class C shares of a Pioneer fund on September 28, 2001 directly or through an omnibus account with a broker-dealer; |X| Any purchase of Class C shares by an employer-sponsored retirement plan described in Section 401, 403 or 457 of the Internal Revenue Code. With respect to Section 403 plans, the waiver will apply only to plans subject to the Employee Retirement Income Security Act of 1974 (ERISA); |X| In connection with certain reorganization, liquidation or acquisition transactions involving other investment companies or personal holding companies. The following replaces the section entitled "Financial highlights": THE FINANCIAL HIGHLIGHTS TABLE HELPS YOU UNDERSTAND the fund's financial performance for the past five years. Certain information reflects financial results for a single fund share. The total returns in the table represent the rate that you would have earned on an investment in the fund (assuming reinvestment of all dividends and distributions). This information (other than for the period ended April 30, 2001) has been audited by Arthur Andersen LLP, whose report is included in the fund's annual report along with the fund's financial statements. The annual and semiannual reports are available upon request. PIONEER EQUITY-INCOME FUND CLASS A SHARES Six Months Ended April 30, 2001 (UNAUDITED) Net asset value, beginning of period $ 29.55 Increase (decrease) from investment operations: Net investment income (loss) $ 0.25 Net realized and unrealized gain (loss) on investments $ 0.07 Net increase (decrease) from investment operations $ 0.32 Distributions to shareownders: Net investment income $ (0.26) Net realized gain $ (2.30) Net increase (decrease) in net asset value $ (2.24) Net asset value, end of period $27.31 ===== Total return* 1.27% RATIOS/SUPPLEMENTAL DATA Ratio of net expenses to average net assets+ 1.07%** Ratio of net investment income (loss) to average net assets+ 1.93%** Portfolio turnover rate 12%** Net assets, end of period (in thousands) $ 525,693 Ratios assuming reduction for fees paid indirectly: Net expenses 1.05%** Net investment income (loss) 1.95%** * Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period, and no sales charges. Total return would be reduced if sales charges were taken into account. ** Annualized. + Ratios assuming no reduction for fees paid indirctly. FINANCIAL HIGHLIGHTS PIONEER EQUITY-INCOME FUND CLASS B SHARES Six Months Ended April 30, 2001 (UNAUDITED) Net asset value, beginning of period $ 29.37 Increase (decrease) from investment operations: Net investment income (loss) $ 0.14 Net realized and unrealized gain (loss) on investments $ 0.07 Net increase (decrease) from investment operations $ 0.21 Distributions to shareownders: Net investment income $ (0.15) Net realized gain $ (2.30) Net increase (decrease) in net asset value $ (2.24) Net asset value, end of period $27.13 ===== Total return* 0.85% RATIOS/SUPPLEMENTAL DATA Ratio of net expenses to average net assets+ 1.86%** Ratio of net investment income (loss) to average net assets+ 1.14%** Portfolio turnover rate 12%** Net assets, end of period (in thousands) $ 260,119 Ratios assuming reduction for fees paid indirectly: Net expenses 1.84%** Net investment income (loss) 1.16%** * Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period, and no sales charges. Total return would be reduced if sales charges were taken into account. ** Annualized. + Ratios assuming no reduction for fees paid indirctly. PIONEER EQUITY-INCOME FUND CLASS C SHARES Six Months Ended April 30, 2001 (UNAUDITED) Net asset value, beginning of period $ 29.32 Increase (decrease) from investment operations: Net investment income (loss) $ 0.13 Net realized and unrealized gain (loss) on investments $ 0.06 Net increase (decrease) from investment operations $ 0.19 Distributions to shareownders: Net investment income $ (0.14) Net realized gain $ (2.30) Net increase (decrease) in net asset value $ (2.25) Net asset value, end of period $27.07 ===== Total return* 0.80% RATIOS/SUPPLEMENTAL DATA Ratio of net expenses to average net assets+ 1.99%** Ratio of net investment income (loss) to average net assets+ 1.00%** Portfolio turnover rate 12%** Net assets, end of period (in thousands) $ 35,415 Ratios assuming reduction for fees paid indirectly: Net expenses 1.96%** Net investment income (loss) 1.03%** * Assumes initial investment at net asset value at the beginning of each period, reinvestment of all distributions, the complete redemption of the investment at net asset value at the end of each period, and no sales charges. Total return would be reduced if sales charges were taken into account. ** Annualized. + Ratios assuming no reduction for fees paid indirctly. _____-00-____ (C) Pioneer Funds Distributor, Inc. Underwriter of Pioneer mutual funds October 1, 2001 SUPPLEMENT TO THE MARCH 1, 2001 STATEMENT OF ADDITIONAL INFORMATION FOR PIONEER EQUITY-INCOME FUND The fund has added an initial sales charge of 1% of the offering price of its Class C shares. The following supplements the sections of the statement of additional information (SAI) referenced below. Please refer to the SAI for the full text of the supplemented section. 5. PRINCIPAL UNDERWRITER AND DISTRIBUTION PLANS PRINCIPAL UNDERWRITER The third paragraph is revised as follows: See "Sales Charges" for the schedule of initial sales charge reallowed to dealers as a percentage of the offering price of the fund's Class A and Class C shares. The following amends the fourth paragraph: See the tables in Appendix A for commissions retained by PFD and reallowed to dealers in connection with PFD's offering of the fund's Class A and Class C shares during recently completed fiscal years. 11. SALES CHARGES CLASS C SHARES The first paragraph is revised as follows: You may buy Class C shares at the public offering price, which includes a sales charge of 1% of the amount invested. Class C shares redeemed within one year of purchase will also be subject to a CDSC of 1%. SALES CHARGE AS A % OF OFFERING NET AMOUNT DEALER AMOUNT OF PURCHASE PRICE* INVESTED REALLOWANCE All amounts 1.00 1.01 1.00 *If you established your Class C share account directly or through an omnibus account with a broker-dealer on or before September 28, 2001, your shares will not be subject to the 1% initial sales charge on exchanges or additional purchases of Class C shares. Your broker-dealer must inform PFD of your eligibility for a waiver at the time of sale. The CDSC will be assessed on the amount equal to the lesser of the current market value or the original purchase cost (less any initial sales charge) of the shares being redeemed. No CDSC will be imposed on increases in account value above the initial purchase price or on shares purchased through the reinvestment of dividends or capital gain distributions. Class C shares do not convert to any other class of fund shares. The initial and contingent deferred sales charges are subject to waiver in certain circumstances as described in the prospectus. As of October 1, 2001, the following is the only broker-dealer which has entered into an agreement with PFD to receive a reduced commission at the time of purchase and whose clients are entitled to a waiver of the initial sales charge: Merrill Lynch & Co. Shareholders who held Class C shares of a Pioneer fund on September 28, 2001 directly or through an omnibus account with a broker-dealer ("Grandfathered Shareholders") are only entitled to a waiver of the initial sales charge if their broker informs PFD at the time of purchase that the shares are being purchased for the account of a Grandfathered Shareholder. If you are a Grandfathered Shareholder you should notify your broker-dealer before purchasing Class C shares. ADDITIONAL PAYMENTS TO DEALERS The second sentence of the first paragraph is revised as follows: PFD may elect to reallow the entire initial sales charge to participating dealers for all Class A or Class C sales with respect to which orders are placed during a particular period. 12. REDEEMING SHARES SYSTEMATIC WITHDRAWAL PLAN(S) ("SWP") The first sentence of the third paragraph is revised as follows: Purchases of Class A or Class C shares of the fund at a time when you have a SWP in effect may result in the payment of unnecessary sales charges and may, therefore, be disadvantageous. 14. PRICING OF SHARES The third paragraph is revised as follows: The net asset value per share of each class of the fund is computed by taking the value of all of the fund's assets attributable to a class, less the fund's liabilities attributable to that class, and dividing the result by the number of outstanding shares of that class. For purposes of determining net asset value, expenses of the classes of the fund are accrued daily and taken into account. The fund's maximum offering price per Class A share is determined by adding the maximum sales charge to the net asset value per Class A share. The fund's maximum offering price per Class C share is determined by adding the maximum sales charge to the net asset value per Class C share (Class C shares may be subject to a CDSC). Class B shares are offered at net asset value without the imposition of an initial sales charge (Class B shares may be subject to a CDSC). 15. TAX STATUS The first sentence of the thirteenth paragraph is revised as follows: In addition, if Class A or Class B shares that have been held for less than 91 days are redeemed and the proceeds are reinvested in Class A shares of the fund or in Class A shares of another mutual fund at net asset value pursuant to the reinstatement privilege, or if Class A or Class C shares in the fund that have been held for less than 91 days are exchanged for the same class of shares in another fund at net asset value pursuant to the exchange privilege, all or a portion of the sales charge paid on the shares that are redeemed or exchanged will not be included in the tax basis of such shares under the Code to the extent a sales charge that would otherwise apply to the shares received is reduced pursuant to the reinstatement or exchange privilege. 16. INVESTMENT RESULTS STANDARDIZED AVERAGE ANNUAL TOTAL RETURN QUOTATIONS The equation for computing average annual total return is revised as follows: P(1+T)n = ERV Where: P = a hypothetical initial payment of $1,000, less the maximum sales load of $57.50 for Class A shares or the maximum sales load of $10.00 for Class C shares or the deduction of the CDSC for Class B and Class C shares at the end of the period T = average annual total return n = number of years ERV = ending redeemable value of the hypothetical $1,000 initial payment made at the beginning of the designated period (or fractional portion thereof) 18. APPENDIX A - ANNUAL FEE, EXPENSE AND OTHER INFORMATION The average annual total returns for Class C shares are revised as follows:
AVERAGE ANNUAL TOTAL RETURNS (OCTOBER 31, 2000) -------------------------------------- -------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN (%) -------------------------------------- -------------------------------------------------------------------- ------------------------------------ ------------- ---------------- --------------- -------------- -------------- SINCE INCEPTION CLASS OF SHARES ONE YEAR FIVE YEARS TEN YEARS INCEPTION DATE ------------------------------------ ------------- ---------------- --------------- -------------- -------------- ------------------------------------ ------------- ---------------- --------------- -------------- -------------- Class C Shares XX.XX N/A N/A X.XX 1/31/96 ------------------------------------ ------------- ---------------- --------------- -------------- -------------- Reflects any applicable sales charges.
20. APPENDIX C - PERFORMANCE STATISTICS The performance presentation for Class C shares is revised as follows:
PIONEER EQUITY-INCOME FUND CLASS C SHARES ----------------- -------------- ------------- ---------------- -------------- -------------- SALES CHARGE NET ASSET INITIAL NET INITIAL OFFERING INCLUDED SHARES VALUE PER ASSET VALUE DATE INVESTMENT PRICE PURCHASED SHARE ----------------- -------------- ------------- ---------------- -------------- -------------- ----------------- -------------- ------------- ---------------- -------------- -------------- ----------------- -------------- ------------- ---------------- --------------- -------------- -------------- ----------------- -------------- ------------- ---------------- --------------- -------------- -------------- 1/31/96 $10,000 $XX.XX 1.00% XXX.XXX $XX.XX $XX,XXX ----------------- -------------- ------------- ---------------- --------------- -------------- --------------
VALUE OF SHARES (DIVIDENDS AND CAPITAL GAINS REINVESTED) ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- FROM CAPITAL FROM FROM INVESTMENT GAINS REINVESTED DIVIDENDS CDSC IF REDEEMED TOTAL VALUE DATE REINVESTED CDSC % ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- 12/31/96 $X,XXX $0 $XXX $99 $XX,XXX 1.00 ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- 12/31/97 $X,XXX $0 $XXX $0 $XX,XXX 0.00 ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- 12/31/98 $X,XXX $0 $XXX $0 $XX,XXX 0.00 ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- 12/31/99 $X,XXX $0 $XXX $0 $XX,XXX 0.00 ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- 12/31/00 $X,XXX $0 $X,XXX $0 $XX,XXX 0.00 ----------------- ---------------- ----------------- --------------- ----------------- --------------- -------------- Past performance does not guarantee future results. Return and share price fluctuate and your shares when redeemed may be worth more or less than your original cost.
PART C - OTHER INFORMATION Item 23. Exhibits Amended Form N-1A Exhibit Reference (a) 1.1. Agreement and Declaration of Trust(1) (a) 1.2. Certificate of Trust(1) (a) 1.3. Establishment and Designation of Class A, Class B, Class C and Class Y Shares of Beneficial Interest(2) (b) 2. Restated By-Laws(5) (c) 4. Specimen Share Certificate(1) (d) 5. Management Contract(5) (e) 6.1. Underwriting Agreement(5) (e) 6.2. Updated Dealer Sales Agreement(5) (f) 7. None (g) 8. Custodian Agreement(5) (h) 9.1. Investment Company Service Agreement(5) (h) 9.2. Form of Agreement and Plan of Reorganization(2) (h) 9.3. Administration Agreement(4) (i) 10. Opinion of Counsel(2) (j) 11. Consent of Arthur Andersen LLP(6) (k) 12. None (l) 13. None (m) 15.1. Class A Distribution Plan(1) (m) 15.2. Form of Class B Distribution Plan(3) (m) 15.3. Class C Distribution Plan(1) (n) 18. Form of Multiclass Plan Pursuant to Rule 18f-3(1) (o) 19. Not applicable (p) 20. Code of Ethics(5) N/A 21. Powers of Attorney(6) ------------------ (1) Previously filed. Incorporated herein by reference from the exhibits filed with the Registration Statement (File No. 811-08657) as filed with the Securities and Exchange Commission (the "SEC") on February 17, 1998 (Accession No. 0000734072-98-000137). (2) Previously filed. Incorporated herein by reference from the exhibits filed with Pre-Effective Amendment No. 1 to the Registration Statement as filed with the SEC on June 24, 1998 (Accession No. 0001016964-98-000063). (3) Previously filed. Incorporated herein by reference from the exhibit filed with Post-Effective Amendment No. 1 to the Registration Statement as filed with the SEC on October 30, 1998 (Accession No. 0000950146-98-001812). (4) Previously filed. Incorporated herein by reference from the exhibit filed with Post-Effective Amendment No. 2 to the Registration Statement as filed with the SEC on December 24, 1998 (Accession No.0000950146-98-002124). (5)Previously filed. Incorporated herein by reference from the exhibit filed with Post-Effective Amendment No. 5 to the Registration Statement as filed with the SEC on March 1, 2001 (Accession No.0000869356-01-000004). (6) Filed herewith. Item 24. Persons Controlled by or Under Common Control with the Fund None. Item 25. Indemnification Except for the Agreement and Declaration of Trust, dated January 8, 1998, the "Declaration"), establishing the Fund as a business trust under Delaware law, there is no contract, arrangement or statute under which any Trustee, officer, underwriter or affiliated person of the Fund is insured or indemnified. The Declaration provides that every person who is, or has been, a Trustee or an officer, employee or agent of the Fund shall be indemnified by the Fund or the appropriate Fund series to the fullest extent permitted by law against liability and against all expenses reasonably incurred or paid by him in connection with any claim, action, suit or proceeding in which he becomes involved as a party or otherwise by virtue of his being or having been a Trustee, officer, employee or agent and against amounts paid or incurred by him in the settlement thereof. Insofar as indemnification for liability arising under the Securities Act of 1933, as amended (the "1933 Act"), may be available to Trustees, officers and controlling persons of the Fund pursuant to the foregoing provisions, or otherwise, the Fund has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the 1933 Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Fund of expenses incurred or paid by a Trustee, officer or controlling person of the Fund in the successful defense of any action, suit or proceeding) is asserted by such Trustee, officer or controlling person in connection with the securities being registered, the Fund will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the 1933 Act and will be governed by the final adjudication of such issue. Item 26. Business and Other Connections of Investment Adviser Pioneer Investment Management, Inc. ("Pioneer Investments") is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and is an indirect, majority owned subsidiary of UniCredito Italiano S.p.A. ("UniCredito"). Pioneer Investments manages investment companies, pension and profit sharing plans, trusts, estates or charitable organizations and other corporations or business entities. To the knowledge of the Fund, none of Pioneer Investments' directors or executive officers is or has been during their employment with Pioneer Investments engaged in any other business, profession, vocation or employment of a substantial nature for the past two fiscal years, except as noted below. Certain directors and officers, however, may hold or may have held various positions with, and engage or have engaged in business for, the investment companies that Pioneer Investments manages and/or other UniCredito subsidiaries. OTHER BUSINESS, PROFESSION, VOCATION OR EMPLOYMENT OF SUBSTANTIAL NATURE WITHIN LAST TWO NAME OF DIRECTOR/OFFICER FISCAL YEARS John F. Cogan, Jr. Of Counsel to Hale and Dorr LLP, 60 State Street, Boston, Massachusetts 02109 Item 27. Principal Underwriters (a) See "Management of the Fund" in the Statement of Additional Information. (b) Directors and officers of Pioneer Funds Distributor, Inc.: POSITIONS AND OFFICES WITH POSITIONS AND OFFICES WITH NAME UNDERWRITER FUND David D. Tripple Director and Chairman Executive Vice President and Trustee Steven M. Graziano Director and President None Daniel Dart Executive Vice President None Bruce R. Speca Senior Vice President None Marcy L. Supovitz Senior Vice President None C-2 Jennifer Brountas Senior Vice President None Philip Haley Senior Vice President None Barry Knight Senior Vice President None William A. Misata Senior Vice President None Natale Algiere Senior Vice President None Michael B. Glenn Senior Vice President None Marc Rappaport Senior Vice President None Jeffrey Saunders Senior Vice President None Gail Smyth Senior Vice President None Kristine Swanson Senior Vice President None Elizabeth A. Watson Vice President, Compliance None I-ling Lu Treasurer None Dorothy E. Bourassa Clerk Assistant Secretary The principal business address of each of these individuals is 60 State Street, Boston, Massachusetts 02109-1820. (c) Not applicable. Item 30. Undertakings Not applicable. C-3 SIGNATURES Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Fund has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston and The Commonwealth of Massachusetts on the 20th day of September, 2001. PIONEER EQUITY-INCOME FUND By: /s/ David D. Tripple David D. Tripple Executive Vice President Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities and on the date indicated: Signature Title John F. Cogan, Jr.* Chairman of the Board ) John F. Cogan, Jr. and President ) (Principal Executive ) Officer) ) ) ) Vincent Nave* Chief Financial Officer ) Vincent Nave and Treasurer (Principal ) Financial and Accounting ) Officer) ) ) ) Trustees: ) ) ) Mary K. Bush* ) Mary K. Bush ) ) ) John F. Cogan, Jr.* ) John F. Cogan, Jr. ) ) ) ) Richard H. Egdahl* ) Richard H. Egdahl ) ) ) Margaret B. W. Graham* ) Margaret B. W. Graham ) ) ) Marguerite A. Piret* ) Marguerite A. Piret ) ) ) /s/ David D. Tripple ) David D. Tripple ) ) ) Stephen K. West* ) Stephen K. West ) ) ) John Winthrop* ) John Winthrop ) ) ) *By: /s/ David D. Tripple Dated: September 20, 2001) David D. Tripple Attorney-in-fact EXHIBIT INDEX Exhibit Number Document Title (j) Consent of Independent Public Accountants N/A Powers of Attorney EX-10 5 ei092101485aconsent.txt CONSENT OF INDEPENDENT ACCOUNTANT Consent of Independent Public Accountants To the Shareholders and Trustees of Pioneer Equity-Income Fund As independent public accountants, we hereby consent to the use of our report on Pioneer Equity-Income Fund dated December 5, 2000 (and to all references to our firm) included in or made a part of Pioneer Equity-Income Fund's Post-Effective Amendment No. 6 and Amendment No. 7 to Registration Statement File Nos. 333-46453 and 811-08657, respectively. /s/ Arthur Andersen LLP Arthur Andersen LLP Boston, Massachuestts September 20, 2001 EX-20 6 pioneer2000poas.txt POWERS OF ATTORNEY POWER OF ATTORNEY I, the undersigned officer or trustee of the Pioneer mutual funds listed on Annex A, do hereby constitute and appoint John F. Cogan, Jr., David D. Tripple, Joseph P. Barri and Vincent Nave, and each of them acting singly, to be my true, sufficient and lawful attorneys, with full power to each of them and each of them acting singly, to sign for me, in my name and the capacities indicated below, any Registration Statement on Form N-1A, Form N-14 or any other applicable registration form and any and all amendments thereto filed by any of the Pioneer mutual funds (each a "Trust") of which I am now or on the date of such filing a Trustee under the Investment Company Act of 1940, as amended, and under the Securities Act of 1933, as amended, with respect to the offering of its shares of beneficial interest, and any and all other documents and papers relating thereto, and generally to do all such things in my name and on behalf of me in the capacities indicated to enable the Trust to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended, and thereunder, hereby ratifying and confirming my signature as it may be signed by said attorneys or each of them to any and all Registration Statements and amendments to said Registration Statement. IN WITNESS WHEREOF, I have hereunder set my hand on this 20th day of November, 2000. /s/ Mary K. Bush /s/ John F. Cogan, Jr. Mary K. Bush John F. Cogan, Jr. /s/ Blake Eagle /s/ Richard H. Egdahl Blake Eagle Richard H. Egdahl, M.D. /s/ Margaret BW Graham /s/ Marguerite A. Piret Margaret B.W. Graham Marguerite A. Piret /s/ David D. Tripple /s/ Stephen K. West David D. Tripple Stephen K. West /s/ John Winthrop /s/ Vincent Nave John Winthrop Vincent Nave POWER OF ATTORNEY ANNEX A Pioneer International Growth Fund Pioneer Europe Fund Pioneer World Equity Fund Pioneer Emerging Markets Fund Pioneer Indo-Asia Fund Pioneer Mid-Cap Value Fund Pioneer Mid-Cap Fund Pioneer Growth Shares Pioneer Small Company Fund Pioneer Independence Fund Pioneer Micro-Cap Fund Pioneer Balanced Fund Pioneer Equity-Income Fund Pioneer Fund Pioneer II Pioneer Real Estate Shares Pioneer Limited Maturity Bond Fund Pioneer America Income Trust Pioneer Bond Fund Pioneer Tax-Free Income Fund Pioneer Money Market Trust Pioneer Strategic Income Fund Pioneer Tax-Managed Fund Pioneer High Yield Fund Pioneer Science & Technology Fund Pioneer Large-Cap Growth Fund Pioneer Large-Cap Value Fund Pioneer Global Telecoms Fund Pioneer Global Financials Fund Pioneer Global Health Care Fund Pioneer Europe Select Fund Pioneer Interest Shares Pioneer Variable Contracts Trust