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: YOUR VOTE IS VERY IMPORTANT. PLEASE COMPLETE, SIGN, DATE AND RETURN THE ENCLOSED PROXY CARD PROMPTLY. EASY VOTING OPTIONS: LOGO VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours LOGO VOTE BY MAIL Vote, sign and date this Proxy Card and return in the postage-paid envelope LOGO VOTE IN PERSON Attend Shareholder Meeting One Federal Street Boston, MA 02110 on May 7, 2013 Please detach at perforation before mailing. PROXY PIONEER VALUE FUND PROXY SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 7, 2013 This proxy is solicited on behalf of the Board of Trustees of Pioneer Value Fund. The undersigned, having received notice of the Special Meeting and the accompanying proxy statement, and revoking all prior proxies, hereby appoint John F. Cogan, Jr., Christopher J. Kelley and Thomas Reyes, and each of them, my (our) attorneys (with full power of substitution in them and each of them) for and in my (our) name(s) to attend the Special Meeting of Shareholders of Pioneer Value Fund to be held on May 7, 2013, at 2:00 p.m. (Eastern time) at the offices of Bingham McCutchen LLP, One Federal Street, Boston, Massachusetts 02110, and any adjourned or postponed session or sessions thereof, and to vote and act upon the following matters (as more fully described in the accompanying proxy statement) in respect of all shares of beneficial interest of Pioneer Value Fund which I (we) will be entitled to vote or act upon, with all the powers I (we) would possess if personally present. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE SHARES REPRESENTED BY THIS PROXY WILL BE VOTED AS DIRECTED BY THE UNDERSIGNED. VOTE VIA THE INTERNET: www.proxy-direct.com ----------------- --------------------------- 999 99999 999 999 ----------------- --------------------------- Note: In signing, please write name(s) exactly as they appear on this proxy. When signing as attorney, executor, administrator or other fiduciary, please give your full title as such. Joint owners should each sign personally. ----------------------------------------- Signature(s) [Title(s) if applicable] ----------------------------------------- Signature of joint owner, if any ----------------------------------------- Date PVF_24423_030713-Ger YOUR VOTE IS VERY IMPORTANT. PLEASE COMPLETE, SIGN, DATE AND RETURN THE ENCLOSED PROXY CARD PROMPTLY. Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on May 7, 2013. The proxy statement is available at: https://www.proxy-direct.com/pio-24423 PLEASE SIGN, DATE AND RETURN YOUR PROXY TODAY Please detach at perforation before mailing. THE SHARES OF BENEFICIAL INTEREST REPRESENTED BY THIS PROXY WILL BE VOTED AS DIRECTED BY THE UNDERSIGNED. IF THE PROXY IS SIGNED BUT NO DIRECTION IS GIVEN FOR A PROPOSAL, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES OF PIONEER VALUE FUND AND SHOULD BE RETURNED AS SOON AS POSSIBLE IN THE ENVELOPE PROVIDED. THE BOARD RECOMMENDS THAT YOU VOTE IN FAVOR OF THE FOLLOWING PROPOSALS: TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK: [_] FOR AGAINST ABSTAIN 1. To approve an amended and restated management agreement with Pioneer Investment [_] [_] [_] Management, Inc., the fund's investment adviser: Please review the enclosed Proxy Statement because it contains important information regarding this proposal. 2. To approve a modified investment objective for the fund: [_] [_] [_] Please review the enclosed Proxy Statement because it contains important information regarding this proposal. 3. To consider any other business that may properly come before the meeting and any adjournments or postponements thereof. PLEASE SIGN, DATE AND RETURN THIS PROXY CARD PVF_24423_030713-Ger