STOCK PURCHASE AGREEMENT
This Agreement is made this _______ day of June, 1990 between The
Pioneer Group, Inc., a Delaware corporation ("PGI") and Pioneer Short-Term
Income Trust, a Massachusetts business trust (the "Trust").
WHEREAS, the Trust wishes to sell and PGI wishes to purchase 25,000
shares of beneficial interest in the Trust for a purchase price of $4.00 per
share (the "Shares"); and
WHEREAS, PGI is purchasing the Shares for the purpose of providing the
initial capitalization of the Trust;
NOW, THEREFORE, the parties hereto agree as follows:
111 Simultaneously with the execution of this Agreement, PGI is
delivering to the Trust a check in the amount of $100,000 in payment for the
Shares.
121 PGI agrees that it is purchasing the Shares for investment
and has no present intention of redeeming or reselling the Shares.
Executed as of the date first set forth above.
THE PIONEER GROUP, INC.
By:_______________________
/s/ Xxxx X. Xxxxx, Xx.
PIONEER SHORT-TERM INCOME TRUST
