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The Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE: EFL) has completed its termination and liquidation as of October 31, 2022. Shareholders received a liquidating distribution of $8.664728 per common share. Over its five-year term, the Trust distributed a total of $2.3198 per share, yielding an average annual distribution rate of 4.65%. The annualized total return since inception was 2.44% at net asset value. Shareholders may need to consult a tax advisor regarding potential gains or losses from the liquidation.
The Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE: EFL) announces its expected termination on October 31, 2022. The Trust, a target term fund, will cease investment operations and distribute net proceeds to common shareholders. It may invest in higher credit quality instruments to enhance liquidity, which could reduce income available for distribution. The Trust aims to return the original per-share net asset value of $9.85 upon termination; however, due to challenging market conditions, this objective may not be met. The Trust's term could extend under certain circumstances.
The Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE: EFL) will hold its Annual Meeting of Shareholders on April 14, 2022, at 12:00 p.m. Eastern Time, via telephonic format due to COVID-19 precautions. Shareholders must register by emailing AST Fund Solutions by 3:00 p.m. Eastern Time on April 13, 2022 for participation details. Those with intermediary-held shares need a legal proxy to vote. The trust emphasizes the importance of advance voting, and proxy materials remain available online for shareholders.
Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE: EFL) will hold its Annual Meeting of Shareholders on April 15, 2021, at 12:00 p.m. Eastern Time via telephonic format due to COVID-19 safety concerns. Shareholders can participate by emailing AST Fund Solutions by 3:00 p.m. Eastern Time on April 14, 2021. The meeting will proceed without in-person attendance. Proxy voting is encouraged before the meeting, and shareholders are reminded that the previously sent proxy card may still be used for voting.
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