[SCHEDULE 13G] Pioneer Diversified High Income Fund, Inc. SEC Filing

Rhea-AI Filing Summary

Pioneer Diversified High Income Fund disclosed that Absolute Investment Advisers, LLC reported beneficial ownership of 1,230,946 shares of common stock, representing 14.8% of the class. The filing is a Schedule 13G dated for the event 09/23/2025 and indicates the adviser has sole voting and sole dispositive power over these shares. The filing lists Absolute Investment Advisers as a Delaware- organized investment adviser and provides issuer headquarters at 60 State Street, Boston, MA.

Positive

• Material disclosure of ownership: Absolute Investment Advisers reports a clear, quantified 14.8% beneficial stake.
• Sole voting and dispositive power: The filer reports full control over voting and disposition for the 1,230,946 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: An investment adviser holds a meaningful 14.8% stake with full voting and dispositive authority.

The disclosure shows Absolute Investment Advisers, LLC beneficially owns 1,230,946 shares, or 14.8% of Pioneer Diversified High Income Fund's common stock, with sole voting and dispositive power. As an investment adviser filing under Schedule 13G, this indicates a passive investment intent at the time of filing, not an activist Schedule 13D approach. The stake size is material relative to the outstanding class and could influence liquidity or voting outcomes if positions change.

Corporate Governance Expert

TL;DR: Material ownership disclosed; sole voting power central for potential governance influence.

The filing documents that the reporting entity possesses both sole voting and sole dispositive authority over a 14.8% position. From a governance perspective, such concentrated ownership can be dispositive in close votes or proxy contests depending on other holders. The Schedule 13G classification suggests no current intent to seek control, but the ownership level warrants monitoring for future changes in filing status or strategic actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Pioneer Diversified High Income Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

723653101

(CUSIP Number)

09/23/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 723653101

1

Names of Reporting Persons

Absolute Investment Advisers, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,230,946.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,230,946.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,230,946.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pioneer Diversified High Income Fund
(b)	Address of issuer's principal executive offices: 60 State Street, Boston, MASSACHUSETTS 02109
Item 2.
(a)	Name of person filing: Absolute Investment Advisers, LLC
(b)	Address or principal business office or, if none, residence: 82 S. Barrett Square, Suite 2G PO Box 611132 Rosemary Beach, FL 32461
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 723653101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1230946
(b)	Percent of class: 14.80 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1230946
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1230946
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to An investment adviser registered under Section 203 of the Investment Advisers Act of 1940 or under the laws of any state is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Absolute Investment Advisers, LLC

Signature:	David Faherty
Name/Title:	Chief Compliance Officer
Date:	09/24/2025

FAQ

What stake does Absolute Investment Advisers hold in Pioneer Diversified High Income Fund (HNW)?

Absolute Investment Advisers beneficially owns 1,230,946 shares, representing 14.8% of the common stock.

Does Absolute Investment Advisers have voting control over the shares of HNW?

Yes; the filing reports sole voting power and sole dispositive power for the 1,230,946 shares.

What form was filed to disclose this ownership in HNW?

A Schedule 13G was filed in connection with the ownership disclosure for the class of common stock (CUSIP 723653101).

Where is the issuer Pioneer Diversified High Income Fund headquartered?

The issuer's principal executive offices are listed at 60 State Street, Boston, Massachusetts 02109.

Who signed the Schedule 13G for Absolute Investment Advisers and when?

The Schedule 13G was signed by David Faherty, Chief Compliance Officer, on 09/24/2025.