Pioneer Floating Rate Fund, Inc. is a diversified, closed-end management investment company. The investment objective of the Fund is to seek a high level of current income and the Fund may, as a secondary objective, also seek capital appreciation to the extent that it is consistent with its investment objective. The Fund may invest in floating rate loans. The Fund is not limited in the percentage of its assets that may be invested in illiquid securities. It invests in various sectors, such as aerospace and defense, applications software, beverages, cable and satellite television, casino hotels, communications software, computer data security, computer services, consulting services, consumer products, containers-metal and glass, containers-paper and plastic, cosmetics and toiletries, dialysis centers, distribution and wholesale, e-commerce, electric-generation, electric-integrated and electronic composition. Amundi Asset Management US, Inc. serves as the Fund's investment adviser.