UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant |X| Filed by a Party other than the Registrant | | Check the appropriate box: | | Preliminary Proxy Statement | | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | | Definitive Proxy Statement |X| Definitive Additional Materials | | Soliciting Material Pursuant to Rule 14a-12 PIONEER VALUE FUND -------------------------------------------------------------------------------- (Name of Registrant(s) as Specified In Its Charter) N/A -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): |X| No fee required. | | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: -------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: -------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): -------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: -------------------------------------------------------------------- (5) Total fee paid: -------------------------------------------------------------------- | | Fee paid previously with preliminary materials. | | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11 (a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: -------------------------------------------------------------------- (2) Form, Schedule or Registration Statement No.: -------------------------------------------------------------------- (3) Filing Party: -------------------------------------------------------------------- (4) Date Filed: Important Notice March 11, 2013 Special Meeting of Shareholders of Pioneer Value Fund Dear Pioneer Value Fund Shareholder, We are writing to let you know that a special meeting of Pioneer Value Fund shareholders will be held on Tuesday, May 7, 2013, to consider and vote on two important proposals. The first proposal is to approve an Amended and Restated Management Agreement between your fund and Pioneer Investment Management, Inc. ("Pioneer"), and the second is to approve a modified investment objective for your fund of "long-term capital growth". As a shareholder of the Fund, this is your opportunity to voice your opinion on these matters and we encourage you to do so. By voting your shares you tell Pioneer how you feel about these matters and you help eliminate the need for subsequent mailings or phone calls to acquire sufficient votes to hold the meeting. Even if you own a small number of shares, we urge you to vote today. You may vote using one of the There are three following options: convenient ways to vote your shares -- . To vote by TouchTone telephone, by phone, on the call 1 800-454-8683, enter the Internet or by mail. Control Number on your voting instruction form and follow the recorded instructions . To vote by Internet log into www.proxyvote.com, enter the Control Number on your voting instruction form and follow the instructions on the website. . To vote by mail, sign and date your voting instruction form and return it in the enclosed postage-paid reply envelope. NOTE: If you vote by phone or Internet, please do not return your voting instruction form. Your vote is extremely The enclosed package contains important, no matter detailed information about the issues how many shares you being considered and we suggest that own. the materials before casting your vote. Your Fund's Board of Trustees, whose primary role is to protect your interests as a shareholder, has reviewed the Proposals and, in their opinion, the Proposals are fair and reasonable. The Trustees unanimously recommend you vote FOR both Proposals. We must receive your vote by May 7, 2013. Again, we encourage you to vote your shares as quickly as possible and we thank you in advance for your prompt attention to this matter. If you have any questions about this proxy solicitation or the proposals, please call 1-866-905-2396. Sincerely, Pioneer Investment Management Shareholder Services, Inc. Securities offered through Pioneer Funds Distributor, Inc. 60 State Street, Boston, Massachusetts 02109, Underwriter of Pioneer mutual funds, Member SIPC (C)2013 Pioneer Investments . us.pioneerinvestments.com 26483-00-0313 Important Notice March 7, 2013 Special Meeting of Shareholders of Pioneer Value Fund Dear Pioneer Value Fund Shareholder, We are writing to let you know that a special meeting of Pioneer Value Fund shareholders will be held on Tuesday, May 7, 2013, to consider and vote on two important proposals. The first proposal is to approve an Amended and Restated Management Agreement between your Fund and Pioneer Investment Management Inc. ("Pioneer"), and the second is to approve a modified investment objective of "long-term capital growth" for your Fund. As a shareholder of the Fund, this is your opportunity to voice your opinion on these matters and we encourage you to do so. By voting your shares, you help eliminate the need for subsequent mailings or phone calls to acquire sufficient votes to hold the meeting. Even if you own a small number of shares, we urge you to vote today. You may vote using one of the following options: There are three convenient ways to . (right arrow) To vote by vote your shares -- by touch-tone telephone, call phone, on the Internet 1-800-337-3503, enter the Control or by mail. Number on your proxy card and follow the recorded instructions. . (right arrow) To vote by Internet, log into www.proxy-direct.com, enter the Control Number on your proxy card and follow the instructions on the website. . (right arrow) To vote by mail, sign and date the proxy card and return it in the enclosed postage-paid reply envelope. NOTE: If you vote by phone or Internet, please do not return your proxy card(s). Your vote is The enclosed package contains extremely important, detailed information about the issues no matter how many being considered and we suggest that shares you own. you read the materials before casting your vote. Your Fund's Board of Trustees, whose primary role is to protect your interests as a shareholder, has reviewed the proposals and, in their opinion, the proposals are fair and reasonable. The Trustees unanimously recommend that you vote FOR both proposals. We must receive your vote by May 7, 2013. Again, we encourage you to vote your shares as quickly as possible, and we thank you in advance for your prompt attention to this matter. If you have any questions about the proposals, please call Pioneer at 1-800-622-3265, and one of our Client Service Representatives will be happy to assist you. Sincerely, Pioneer Investment Management Shareholder Services, Inc. Securities offered through Pioneer LOGO Funds Distributor, Inc. 60 State Street, Boston, Massachusetts 02109, Underwriter of Pioneer mutual funds, Member SIPC (C)2013 Pioneer Investments . us.pioneerinvestments.com 26445-00-0313