Exhibit (16) POWER OF ATTORNEY I, the undersigned Trustee of the investment companies listed on Annex A (each, a "Trust"), hereby constitute and appoint John F. Cogan, Jr., Dorothy E. Bourassa, Daniel K. Kingsbury and Mark E. Bradley, and each of them acting singly, to be my true, sufficient and lawful attorneys, with full power to each of them to sign for me, in my name: (i) each Registration Statement on Form N-14, and any and all amendments thereto, filed by a Trust listed on Annex A with respect to the proposed reorganizations listed on Annex A, and (ii) any and all other documents and papers relating to such reorganizations, and generally to do all such things in my name and on behalf of me in the capacities indicated to enable each Trust to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended, and thereunder, hereby ratifying and confirming my signature as it may be signed by said attorneys or each of them to the Registration Statements and amendments to said Registration Statements. IN WITNESS WHEREOF, I have hereunder set my hand on this 11th day of June, 2008. /s/ David R. Bock /s/ Daniel K. Kingsbury - -------------------------- ------------------------ David R. Bock Daniel K. Kingsbury /s/ Mary K. Bush /s/ Thomas J. Perna - -------------------------- ------------------------ Mary K. Bush Thomas J. Perna /s/ John F. Cogan, Jr. /s/ Marguerite A. Piret - -------------------------- ------------------------ John F. Cogan, Jr. Marguerite A. Piret /s/ Benjamin M. Friedman /s/ John Winthrop - -------------------------- ------------------------ Benjamin M. Friedman John Winthrop /s/ Margaret B.W. Graham /s/ Stephen K. West - -------------------------- ------------------------ Margaret B.W. Graham Stephen K. West POWER OF ATTORNEY ANNEX A Trusts filing Form N-14s in connection with Proposed Reorganizations: Pioneer Bond Fund Pioneer Fund Pioneer Mid Cap Value Fund Pioneer Money Market Trust Pioneer Series Trust I Pioneer Series Trust III Pioneer Series Trust IV Pioneer Short Term Income Fund Proposed Reorganizations: Trust Acquiring Fund Acquired Fund Pioneer Bond Fund Pioneer Bond Fund Regions Morgan Keegan Select Fixed Income Fund Pioneer Fund Pioneer Fund Regions Morgan Keegan Select Core Equity Fund Pioneer Mid Cap Value Fund Pioneer Mid Cap Value Fund Regions Morgan Keegan Select Mid Cap Value Fund Pioneer Money Market Trust Pioneer Cash Reserves Fund Regions Morgan Keegan Select Money Market Fund Pioneer Series Trust I Pioneer Mid Cap Growth Fund II Regions Morgan Keegan Select Mid Cap Growth Fund Pioneer Series Trust I Pioneer Growth Fund Regions Morgan Keegan Select Growth Fund Pioneer Series Trust I Pioneer Intermediate Tax Free Regions Morgan Keegan Select Income Fund Intermediate Tax Exempt Bond Fund Pioneer Series Trust III Pioneer Cullen Value Fund Regions Morgan Keegan Select Value Fund Pioneer Series Trust IV Pioneer Classic Balanced Fund Regions Morgan Keegan Select Balanced Fund Pioneer Series Trust IV Pioneer Treasury Reserves Fund Regions Morgan Keegan Select Treasury Money Market Fund Pioneer Short Term Income Fund Pioneer Short Term Income Fund Regions Morgan Keegan Select Limited Maturity Fixed Income Fund