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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21654
Pioneer Floating Rate Trust
(Exact name of registrant as specified in charter)
60 State Street, Boston, MA 02109
(Address of principal executive offices) (ZIP code)
Dorothy E. Bourassa, Pioneer Investment Management, Inc.,
60 State Street, Boston, MA 02109
(Name and address of agent for service)
Registrant's telephone number, including area code: (617) 742-7825
Date of fiscal year end: November 30
Date of reporting period: February 28, 2007
Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (239.24 and 274.5 of this
chapter), to file reports with the Commission, not later than 60 days after
close of the first and third fiscal quarters, pursuant to Rule 30b1-5under
the Investment Company Act of 1940 (17 CFR 270.30b-5). The Commission may
use the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609. The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. Schedule of Investments.
Pioneer Floating Rate Trust
SCHEDULE OF INVESTMENTS 2/28/07 (unaudited)
Principal
Amount
USD ($) Value
SENIOR SECURED FLOATING RATE LOAN
INTERESTS - 133.0% of Net Assets*
Aerospace - 7.2%
3,430,328 American Airlines, Inc., Term F $ 3,473,207
4,099,150 AWAS Capital, Inc., First Prior 4,088,902
28,731 DeCrane Aircraft Holdings, Inc. 28,875
2,971,269 DeCrane Aircraft Holdings, Inc. 2,986,125
4,708,333 Delta Airlines, Inc., DIP, Term 4,741,814
4,912,500 DynCorp International, LLC (Di 4,957,533
1,322,259 Hunter Defense Holdings, Inc., 1,330,524
990,000 IAP Worldwide Services, Inc., F 1,004,850
6,000,000 Northwest Airlines, Inc., DIP, 6,042,186
3,000,000 US Airways, Inc., Term Loan, 8. 3,024,108
3,000,000 Vought Aircraft Industries, Inc 3,030,000
$ 34,708,124
Broadcasting - 5.7%
12,686,01(a) Millennium Digital Media System $ 12,717,734
742,500 Montecito Broadcast Group, LLC, 747,605
1,000,000 NEP II, Inc., Term Loan B, 7.59 1,011,719
7,000,000 Paxson Communications Corp., Fi 7,170,625
2,000,000 Riverdeep Interactive Learning 2,021,458
3,848,027 Young Broadcasting, Inc., Term 3,866,067
$ 27,535,208
Cable/Wireless Video - 5.8%
2,000,000 Century Cable Holdings, LLC, Re $ 1,980,000
46,826 Century Cable Holdings, LLC, Te 45,841
2,000,000 Cequel Communications, LLC, NC 2,002,500
6,000,000 Cequel Communications, LLC, Ter 6,067,032
6,252,915 Charter Communications Operatin 6,304,895
3,000,000 Insight Midwest Holdings, LLC, 3,032,814
991,990 Knology, Inc., New Term Loan, 7 1,000,670
3,082,495(a) Knology, Inc., Second Lien Term 3,560,281
4,000,000 WideOpenWest Finance, LLC, Firs 4,039,168
$ 28,033,201
Chemicals - 0.6%
83,333 Basell BV, Facility USD Term L $ 84,473
83,333 Basell BV, Facility USD Term L 84,806
416,667 Basell USA, Inc., Facility Term 421,680
416,667 Basell USA, Inc., Facility Term 421,680
736,756 Lucite International U.S. Finco 745,505
1,000,000 Panda Hereford Ethanol, L.P., T 990,000
$ 2,748,144
Consumer - Durables - 0.2%
954,067 Rexair, LLC, First Lien Term Lo $ 954,067
Consumer - Non-Durables - 2.9%
2,268,000 Camelbak Products, LLC, First L $ 2,237,761
3,325,442 CEI Holdings, Inc. (Cosmetic Es 3,333,755
1,000,000 GTM Holding, Inc. (GoldToe), Fi 1,010,000
2,778,214 Hanesbrands, Inc., Term Loan B, 2,806,866
429,361 Polaroid Corp., Term Loan, 12.3 431,508
1,000,000 Solo Cup Co., Second Lien Term 1,024,375
997,429 Solo Cup Co., Term Loan B-1, 8. 1,014,028
2,000,000 Spectrum Brands, Dollar Term Lo 2,023,036
$ 13,881,329
Consumer - Products - 0.2%
1,000,000 Yankee Candle Co., Inc., Term L $ 1,011,250
Diversified Media - 5.9%
7,556,757 ALM Media Holdings, Inc., First $ 7,579,193
997,500 Nielsen Finance, LLC, Dollar Te 1,008,384
9,212,500 MGM Holdings II, Inc./LOC Acqui 9,304,625
982,500 North American Membership Group 962,850
2,000,000 Penton Media Holdings, Inc., Fi 2,021,666
2,000,000 Penton Media Holdings, Inc., Se 2,041,250
3,994,949 Sunshine Acquisition Ltd., Firs 4,026,162
1,462,500 Wallace Theater Corp. (Hollywoo 1,477,125
$ 28,421,255
Energy - 6.9%
8,915,281 ATP Oil & Gas Corp., First Lien $ 8,998,862
486,486 Coffeyville Resources, LLC, Fun 493,784
2,513,514 Coffeyville Resources, LLC, Tra 2,532,365
3,000,000 Connacher Finance Corp., Term L 3,026,250
3,000,000 Endeavour International Holding 3,090,000
2,000,000 Forest Alaska Operating, LLC, F 2,017,500
1,990,000 Hawkeye Renewables, LLC, First 1,934,031
1,000,000 IFM (U.S.) Colonial Pipeline 2 1,012,500
2,000,000 Monitor U.S. Finco, Inc., Secon 2,003,126
3,000,000 Paramount Resources, Ltd., Term 2,992,500
359,399 SemCrude, L.P., U.S. Term Loan, 362,993
1,980,000 TARH E&P Holdings, L.P., Second 1,984,950
1,000,000 Total Safety U.S., Inc., First 1,005,000
1,000,000 Venoco, Inc., Second Lien Term 1,012,500
1,000,000 Volnay Acquisition Co. I (CGG), 1,010,313
$ 33,476,674
Financial - 0.8%
1,000,000 ARG Holdings, Inc. (Alliant Res $ 1,016,250
1,903,715 FleetCor Technologies Operating 1,917,992
992,500 HMSC Corp., First Lien Term Loa 1,007,388
$ 3,941,630
Food & Drug - 1.3%
4,352,637 Jean Coutu Group (PJC), Inc., T $ 4,364,146
2,000,000 Roundy's Supermarkets, Inc., Tr 2,019,000
$ 6,383,146
Food & Tobacco - 3.6%
684,482 AFC Enterprises, Inc., Tranche $ 689,615
1,000,000 Aramark Canada Ltd., Canadian T 1,011,250
197,524 Aramark Corp., LC Facility, 7.4 199,784
2,802,476 Aramark Corp., U.S. Term Loan, 2,834,530
2,152,727 Carrols Corp., Term Loan B, 7.8 2,165,510
994,949 Chiquita Brands, LLC, Term Loan 1,012,361
1,843,049 Commonwealth Brands, Inc., Term 1,853,877
186,047 Dole Food Co., Inc., Credit Lin 186,407
415,465 Dole Food Co., Inc., Tranche B 416,270
1,760,000 National Distributing Co., Inc. 1,764,400
3,000,000 Nellson Nutraceutical, Inc., Fi 2,937,000
982,187 New World Restaurant Group, Inc 984,643
1,384,884 Solvest, Ltd., (Dole), Tranche 1,387,568
$ 17,443,215
Forest Products/Containers - 1.6%
7,915,038 Georgia-Pacific LLC, Term Loan $ 7,997,077
Gaming & Leisure - 6.0%
1,085,000(b) BRE/ESA Mezz5, LLC, Mezzanine D $ 1,087,712
5,915,000(b) BRE/Homestead Mezz4, LLC, Mezza 5,915,000
5,000,000 Edge Las Vegas Development, LLC 5,025,000
400,000 Fontainebleu Florida Hotel, LLC 400,000
1,481,250 Kuilima Resort Co. (Turtle Bay) 1,476,066
5,486,897 Lake at Las Vegas Joint Venture 5,533,437
1,500,000 Lakes Gaming and Resorts, LLC, 1,518,750
2,000,000 Penn National Gaming, Inc., Ter 2,017,500
1,967,862 Pivotal Promontory, LLC, First 1,965,197
1,481,222 Trump Entertainment Resorts Hol 1,496,034
600,000 Turnberry/Las Vegas Boulevard, 600,000
1,820,800 Yellowstone Mountain Club, LLC, 1,824,442
$ 28,859,138
Healthcare - 17.0%
5,178,462 Alliance Imaging, Inc., Tranche $ 5,212,122
990,000 Capella Healthcare, Inc., First 999,900
4,395,339 CCS Medical, Inc. (Chronic Care 4,370,224
800,000 CHG Acquisition Corp., First Li 809,500
1,000,000 CHG Acquisition Corp., Second L 1,017,500
200,000 CHG Acquisition Corp., Syntheti 202,375
1,990,000 DSI Renal, Inc. (National Renal 1,997,463
142,857 Fenwal, Inc., First Lien Delaye 144,134
857,143 Fenwal, Inc., Initial First Lie 864,804
5,000,000 FHC Health Systems, Inc., Third 5,150,000
2,977,500 Golden Gate National Senior Car 2,999,212
2,000,000 Golden Gate National Senior Car 2,040,000
1,000,000 Graceway Pharmaceuticals, LLC, 1,009,063
21,000,000 HCA, Inc., Tranche B Term Loan, 21,274,743
1,000,000 Health Management Associates, I 1,009,010
2,985,000 HealthSouth Corp., Term Loan B, 3,016,545
2,258,929 MMM Holding, Inc./NAMM Holdings 2,196,809
294,965 MMM Holding, Inc./NAMM Holdings 286,853
531,513 MMM Holding, Inc./NAMM Holdings 516,896
51,423 MMM Holding, Inc./NAMM Holdings 50,009
1,851,244 MMM Holding, Inc./NAMM Holdings 1,800,335
1,889,091 QTC Acquisition, Inc., First Li 1,894,994
3,970,000 Quintiles Transnational Corp., 3,983,026
2,352,456 Reliant Pharmaceuticals, Inc., 2,375,980
1,975,618 Renal Advantage, Inc., Tranche 1,997,844
429,954 Rural/Metro Operating Co., LLC, 433,447
1,478,328 Rural/Metro Operating Co., LLC, 1,490,340
1,970,000 Skilled Healthcare Group, Inc., 1,979,235
5,000,000 Talecris Biotherapeutics Holdin 5,050,000
2,992,500 Triumph HealthCare Second Holdi 3,015,880
311,688 Warner Chilcott Co., Inc., Dovo 313,441
2,142,343 Warner Chilcott Co., Inc., Tran 2,158,984
593,570 Warner Chilcott Corp., Tranche 598,181
$ 82,258,849
Housing - 6.9%
2,422,857 Associated Materials, Inc., Ter $ 2,438,000
7,759,765 Atrium Companies, Inc., Closing 7,709,652
2,500,000 BioMed Realty, L.P., Senior Sec 2,493,750
2,821,238 Custom Building Products, Inc., 2,830,054
1,324,250 Desa, LLC, Term Loan, 11.12% - 1,191,825
1,000,000 Edge Star Partners, LLC (Harmon 1,001,250
4,500,000 Edge Star Partners, LLC (Harmon 4,432,500
5,000,000 LNR Property Corp., Initial Tra 5,043,750
997,500 Orchard Supply Hardware, LLC, T 1,008,098
962,963 Playpower, Inc., Tranche B Doll 970,185
4,000,000 Woodlands Commercial Properties 4,005,000
$ 33,124,064
Information Technology - 11.5%
7,205,458 Advanced Micro Devices, Inc., T $ 7,281,605
2,674,265 Applied Systems, Inc., Term Loa 2,690,145
2,977,500 Data Transmission Network Corp. 2,992,387
4,000,000 GXS Worldwide, Inc., First Lien 4,060,000
2,000,000 GXS Worldwide, Inc., Second Lie 2,030,000
2,052,000 Infor Enterprise Solutions Hold 2,068,929
3,933,000 Infor Enterprise Solutions Hold 3,973,313
883,333 (b) Inovis International, Inc., Ter 883,333
1,496,250 IPC Systems, Inc., First Lien T 1,514,953
4,000,000 NameMedia, Inc., Term Loan, 11. 4,020,000
985,000 Nuance Communications, Inc., Te 988,078
2,000,000 Open Solutions, Inc., Term Loan 2,021,250
972,222 Quantum Corp., First Lien Term 973,438
1,510,097 Semiconductor Components Indust 1,515,760
2,587,500 Serena Software, Inc., Term Loa 2,616,609
2,000,000 Sitel, LLC (ClientLogic), U.S. 2,015,000
4,000,000 Spansion LLC, Term Loan B, 8.36 4,043,332
6,895,000 SunGard Data Systems, Inc. (Sol 6,972,569
2,932,538 Telcordia Technologies, Inc., T 2,906,421
$ 55,567,122
Manufacturing - 1.7%
1,000,000 FCI USA, Inc., Facility Term Lo $ 1,013,929
1,000,000 FCI USA, Inc., Facility Term Lo 1,009,643
3,960,000 Generac Acquisition Corp., Firs 3,977,325
1,135,802 Herbst Gaming, Inc., Term Loan 1,145,977
1,000,000 Longyear Global Holdings, Inc. 1,015,000
$ 8,161,874
Metals & Minerals - 0.9%
4,412,456 Murray Energy Corp., Tranche B $ 4,467,612
Retail - 13.8%
13,122,589 Blockbuster, Inc., Tranche B Te $ 13,255,456
4,919,900 Burlington Coat Factory Warehou 4,932,539
2,855,813 Dollarama Group, L.P., Replacem 2,879,016
991,870 Eddie Bauer, Inc., Term Loan, 9 996,581
15,765,928 Home Interiors & Gifts, Inc., I 12,021,520
891,434 MAPCO Express, Inc./MAPCO Famil 899,234
1,000,000 Michaels Stores, Inc., Term Loa 1,010,833
1,878,778(a) Movie Gallery, Inc., Term Loan 1,876,870
19,230,56(a) Movie Gallery, Inc., Term Loan 19,217,357
3,305,316 Neiman Marcus Group, Inc., Term 3,347,149
1,997,500 Sally Holdings, LLC, Term Loan 2,021,498
4,000,000 Toys R Us - Delaware, Inc., Tra 4,127,752
$ 66,585,805
Service - 2.3%
2,502,128 Alliance Laundry Systems, LLC, $ 2,525,585
2,000,000 Education Management, LLC, Term 2,000,000
1,779,661 Headwaters, Inc., First Lien Te 1,788,559
1,950,000 Koosharem Corp. (Select Personn 1,969,500
1,000,000 On Assignment, Inc., Term Loan, 1,012,500
1,000,000 Rental Service Corp., Second Li 1,020,000
745,000 Vanguard Car Rental USA Holding 753,847
$ 11,069,991
Telecommunications - 7.5%
EUR 752,152 Amsterdamse Beheer-EN Consultin $ 1,007,458
EUR 390,705 Amsterdamse Beheer-EN Consultin 523,324
EUR 1,142,857 Amsterdamse Beheer-EN Consultin 1,536,708
EUR 857,143 Amsterdamse Beheer-EN Consultin 1,143,177
EUR 857,143 Amsterdamse Beheer-EN Consultin 1,148,131
1,000,000 Cellnet Group, Inc., Second Lie 1,012,500
2,992,500 Intelsat Corp., Tranche B-2 Ter 3,025,792
2,000,000 Level 3 Financing, Inc., Term L 2,005,940
EUR 2,500,000 Nordic Telephone Company Holdin 3,338,500
EUR 2,500,000 Nordic Telephone Company Holdin 3,352,086
1,000,000 PAETEC Holding Corp., First Lie 1,015,250
2,000,000 Pine Tree Holdings, Inc., (Coun 2,030,000
1,985,683 Sorenson Communications, Inc., 2,002,645
1,485,000 Stratos Global Corp./Stratos Fu 1,497,375
2,000,000 Time Warner Telecom Holdings, I 2,018,500
2,311,657 WestCom Corp., Tranche B Term L 2,314,547
EUR 2,415,218 Wind Telecomunicazione S.p.A., 3,197,864
EUR 1,500,000 Wind Telecomunicazione S.p.A., 1,997,443
EUR 1,500,000 Wind Telecomunicazione S.p.A., 2,006,080
$ 36,173,320
Transportation - 10.7%
4,162,595 Affinia Group, Inc., Tranche B $ 4,200,321
5,000,000 Dana Corp., DIP Term Loan, 7.88 5,014,320
1,000,000 Delphi Corp., DIP Tranche B Fir 1,007,500
11,000,000 Delphi Corp., DIP Tranche C Sec 11,087,659
3,000,000 Federal-Mogul Corp., DIP Term L 3,007,125
11,000,000 Ford Motor Co., Term Loan, 8.36 11,139,788
2,487,500 Gainey Corp., Term Loan, 2.75%, 2,495,273
500,000 General Motors Corp., Secured T 506,469
EUR 2,970,000 Goodyear Dunlop Tires Europe B. 3,942,842
845,707 Insurance Auto Auctions, Inc., 849,143
2,479,909 Key Plastics, LLC/Key Safety Sy 2,523,308
994,000 Lear Corp., First Lien Term Loa 1,000,213
89,200 Navistar International Corp., R 90,884
245,300 Navistar International Corp., T 249,930
875,000 Quality Distribution, Inc., PF 877,188
1,906,599 Quality Distribution, Inc., Ter 1,911,365
1,797,188 SIRVA Worldwide, Inc., Tranche 1,785,955
$ 51,689,283
Utility - 7.7%
4,500,000 ANP Funding I, LLC, Tranche A T $ 4,536,000
344,828 Boston Generating, LLC, First L 348,645
96,552 Boston Generating, LLC, First L 97,621
1,558,621 Boston Generating, LLC, First L 1,575,876
1,989,691 Calpine Construction Finance Co 2,111,559
5,700,000(c) Calpine Corp., Second Lien Term 6,392,311
4,975,000 Coleto Creek Power, L.P., Secon 4,863,062
1,754,777 Coleto Creek Power, L.P., Synth 1,762,819
3,726,497 Coleto Creek Power, L.P., Term 3,743,575
2,000,000 GBGH, LLC (U.S. Energy), First 2,005,000
2,000,000 HCP Acquisition, Inc., First Li 2,025,000
2,322,771 NSG Holdings II, LLC, Initial T 2,347,450
1,339,754 Plum Point Energy Associates, L 1,355,664
388,571 Plum Point Energy Associates, L 393,186
1,142,857 Reliant Energy, Inc., New Term 1,155,267
857,143 Reliant Energy, Inc., Pre-Funde 866,451
1,203,398 TPF Generation Holdings, LLC, F 1,214,464
225,814 TPF Generation Holdings, LLC, S 227,891
70,788 TPF Generation Holdings, LLC, S 71,439
$ 37,093,280
Wireless Communication - 4.3%
1,847,187 Centennial Cellular Operating C $ 1,866,429
9,950,000 Cricket Communications, Inc., F 10,086,812
8,980,000 Metro PCS Wireless, Inc., New T 9,080,325
$ 21,033,566
TOTAL SENIOR SECURED FLOATING RATE LOAN INTERESTS
(Cost $636,580,585) $ 642,618,224
SENIOR SECURED FIXED RATE LOAN INTERESTS - 0.4% of Net
Assets
Telecommunications - 0.4%
2,000,000 Qwest Corp., Tranche B Term Loa $ 2,055,834
TOTAL SENIOR SECURED FIXED RATE LOAN INTERESTS
(Cost $1,982,567) $ 2,055,834
CONVERTIBLE BONDS & NOTES - 0.9% of Net Assets
Cable - 0.9%
3,000,000 Charter Communications, Inc., 5 $ 4,267,500
TOTAL CONVERTIBLE BONDS & NOTES
(Cost $2,527,957) $ 4,267,500
CORPORATE NOTES - 6.6% of Net Assets
Chemicals - 0.6%
3,000,000(c) Solutia, Inc., 7.375%, 10/15/27 $ 2,902,500
Energy - 0.4%
2,000,000(d) Secunda International, Ltd., 13 $ 2,085,000
Healthcare - 1.1%
2,000,000(a) HCA Inc., 10.375%, 11/15/16 (1 $ 2,160,000
2,000,000 Pharma V (Duloxetine), 13.0%, 1 2,010,000
1,038,293(a)(dPharma VI (Rotavax), 10.598%, 1 1,038,293
$ 5,208,293
Housing - 0.4%
2,000,000(d) Builders FirstSource, Inc., 9.6 $ 2,040,000
Information Technology - 1.2%
400,000 (d) Freescale Semiconductor, Inc., $ 404,000
5,000,000(d) NXP BV, 8.11%, 10/15/13 (144A) 5,112,500
$ 5,516,500
Service - 0.2%
1,000,000 United Rentals North America, 7 $ 1,005,000
Transportation - 1.1%
5,000,000(d) American Tire Distributors, Inc $ 5,062,500
Wireless Communication - 1.6%
5,000,000 Clearwire Corp., 11.0%, 8/15/10 $ 7,775,000
TOTAL CORPORATE NOTES
(Cost $27,994,341) $ 31,594,793
Shares
COMMON STOCK - 1.7% of Net Assets
Utility - 1.7%
223,206 (e) Mirant Corp. $ 8,316,656
TOTAL COMMON STOCK
(Cost $5,670,713) $ 8,316,656
WARRANTS - 0.0% of Net Assets
Gaming & Leisure - 0.0%
13,873 (b)(eOpBiz, LLC, Term A, Exp. 8/31/1 $ -
32 (b)(eOpBiz, LLC, Term B, Exp. 8/31/1 -
$ -
Wireless Communication - 0.0%
400,000 (e) Clearwire Corp., Exp. 8/15/10 $ -
TOTAL WARRANTS
Principal (Cost $0) $ -
Amount
USD ($) TEMPORARY CASH INVESTMENT - 11.0% of Net Assets
Repurchase Agreement - 11.0%
53,000,000 UBS Warburg, Inc., 5.23%, dated 2/28/07, repurchase price of
$53,000,000 plus accrued interest on 3/1/07 collateralized by
$52,232,000 U.S. Treasury Notes $ 53,000,000
TOTAL TEMPORARY CASH INVESTMENT
(Cost $53,000,000) $ 53,000,000
TOTAL INVESTMENTS IN SECURITIES - 153.6%
(Cost $727,756,163) (f) $ 741,853,007
OTHER ASSETS AND LIABILITIES - $ (24,119,877)
PREFERRED SHARES AT REDEMPTION VALUE, INCLUDING
DIVIDENDS PAYABLE - (48.6)% $ (234,663,606)
NET ASSETS APPLICABLE TO COMMON $ 483,069,524
NR Security not rated by S&P or Mo
* Senior secured floating rate loan interests in which the
Trust
invests generally pay interest at rates that are periodically
redetermined
by reference to a base lending rate plus a premium. These
base lending
rates are generally (i) the lending rate offered by one or
more major European
banks, such as LIBOR (London InterBank Offered Rate), (ii)
the prime rate
offered by one or more major United States banks, (iii) the
certificate of
deposit or (iv) other base lending rates used by commercial
lenders.
The rate shown is the coupon rate at period end.
(144ASecurity is exempt from registration under Rule 144A of the
Securities Act of 1933. Such securities may be resold
normally
to qualified institutional buyers in a transaction exempt
from
registration. At February 28, 2007 the value of these
securities
amounted to $18,499,793 or3.8% of net assets applicable to
common shareowners.
(a) Payment-in-Kind (PIK) security which may pay interest in
additional principal amount.
(b) Indicates a security that has been deemed illiquid. The
aggregate
cost of illiquid securities is $7,883,333. The aggregate
value
$7,886,045 represents 1.6% of the net assets.
(c) Security is in default and is non-income producing.
(d) Floating Rate Note. The rate shown is the rate at February
28, 2007.
(e) Non-income producing security.
(f) At February 28, 2007, the net unrealized gain on investments
based on cost for federal income tax purposes
of $727,790,820 was as follows:
Aggregate gross unrealized gain for all investments in which
there is an excess of value ove $ 17,492,702
Aggregate gross unrealized loss for all investments in which
there is an excess of tax cost (3,430,515)
Net unrealized gain $ 14,062,187
For financial reporting purposes net unrealized gain on
investments was $14,096,844 and cost of
investments aggregated $727,756,163.
For the period ended February 28, 2007, the Trust had
unfunded loan commitments of $7,323,567, which would
be extended at the option of the borrower, pursuant to the
following loan agreements:
Unfunded
Borrower Commitment
Cricket Communications, Inc. ( $ 2,000,000
DeCrane Aircraft Holdings, Inc. 1,000,000
Herbst Gaming, Inc., Delayed Dr 864,198
Lucite International U.S. Finco 259,542
Millennium Digital Media System 1,718,605
Trump Entertainment Resorts Hol 1,481,222
$ 7,323,567
Principal amounts are denominated in U.S. dollars
unless otherwise noted.
EUR - Euro
ITEM 2. CONTROLS AND PROCEDURES.
(a) Disclose the conclusions of the registrant's principal executive officer or
officers and principal financial officer or officers, or persons performing
similar functions, about the effectiveness of the registrant's disclosure
controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR
270.30a-3(c))) as of a date within 90 days of the filing date of the report
that includes the disclosure required by this paragraph, based on their
evaluation of these controls and procedures required by Rule 30a-3(b)
under the Act (17 CFR270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b)
under the Exchange Act (17 CFR240.13a-15(b) or 240.15d-15(b)).
The registrant's principal executive officer and principal financial officer
have concluded that the registrant's disclosure controls and procedures are
effective based on their evaluation of these controls and procedures as of
a date within 90 days of the filing date of this report.
(b) Disclose any change in the registrant's internal controls over financial
reporting (as defined in Rule 30a-3(d) under the Act (17 CFR270.30a-3(d))
that occurred during the registrant's last fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the registrant's
internal control over financial reporting.
There were no significant changes in the registrant's internal control over
financial reporting that occurred during the second fiscal quarter of the
period covered by this report that have materially affected, or are
reasonably likely to materially affect, the registrant's internal control
over financial reporting.
ITEM 3. EXHIBITS.
(a) A separate certification for each principal executive officer and principal
financial officer of the registrant as required by Rule 30a-2 under the Act
(17 CFR 270.30a-2).
Filed herewith.
SIGNATURES
[See General Instruction F]
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Pioneer Floating Rate Trust
By (Signature and Title)* /s/ John F. Cogan, Jr.
John F. Cogan, Jr, President
Date April 27, 2007
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By (Signature and Title)* /s/ John F. Cogan, Jr.
John F. Cogan, Jr., President
Date April 27, 2007
By (Signature and Title)* /s/ Vincent Nave
Vincent Nave, Treasurer
Date April 27, 2007
* Print the name and title of each signing officer under his or her signature.