Welcome to our dedicated page for Eaton Vance Floating-Rate Income Trust news (Ticker: EFT), a resource for investors and traders seeking the latest updates and insights on Eaton Vance Floating-Rate Income Trust stock.
Eaton Vance Floating-Rate Income Trust (EFT) is a closed-end management investment company that aims to provide a high level of current income with a secondary objective of capital appreciation. Established under the umbrella of Eaton Vance Corp., one of the oldest investment management firms in the United States dating back to 1924, EFT brings to the table decades of expertise and a solid track record.
EFT specializes in investing in floating-rate loans and other floating-rate debt securities, which typically have lower volatility compared to fixed-rate instruments. This strategy helps in managing interest rate risks and provides a steady income stream, which is especially appealing to conservative investors looking for dependable returns.
The company's portfolio managers employ a disciplined investment approach that leverages in-depth credit research and risk management practices. This approach aims to identify undervalued assets that can generate income and appreciate in value, thereby benefiting investors in multiple market conditions.
Recent achievements include the successful navigation of volatile market environments with positive returns, aligning with Eaton Vance's long-standing reputation for consistent performance. EFT continues to be a reliable option for individual and institutional investors seeking to diversify their income-generating investments.
For more details and the latest updates, visit the company's official page or follow their social media channels for timely disclosures and news.
Eaton Vance Floating-Rate Income Trust (EFT) has announced an early monthly distribution of $0.1030 per share, maintaining its previous distribution rate. With a closing market price of $13.37 as of December 19, 2024, the distribution rate stands at 9.24% at market price.
The distribution schedule has been accelerated to meet 2024 federal excise tax requirements, with declaration on December 20, 2024, ex-date and record date on December 30, 2024, and payment date on January 15, 2025. The Fund expects to announce its next regular monthly distribution in early February 2025.
The Fund's ability to maintain distributions depends on various factors, including investment income stability, performance, expenses, and market conditions. Distributions may include tax-exempt income, qualified and non-qualified dividends, capital gains, and return of capital.
The Eaton Vance Floating-Rate Income Trust (EFT) will hold its Annual Meeting of Shareholders on March 17, 2022, at 12:00 p.m. Eastern Time via teleconference due to the COVID-19 pandemic. Shareholders of record as of January 4, 2022 are eligible to vote. Participation requires advance registration with AST Fund Solutions, LLC by 3:00 p.m. Eastern Time on March 16, 2022. The meeting aims to ensure shareholder well-being while providing voting opportunities, with updates expected pending changes in public health conditions.
Eaton Vance Floating-Rate Income Trust (NYSE: EFT) shareholders approved a new investment advisory agreement at a special meeting on April 16, 2021. The Fund will increase its cash tender offer from 25% to 50% of outstanding shares, set to commence on July 1, 2021, and end by August 13, 2021. Moreover, conditional cash tender offers of up to 10% of outstanding shares will occur through 2024 if shares trade at a discount to NAV. The Fund will also raise its distribution rate by 25% starting June 2021.
Saba Capital Management has reached an agreement with Eaton Vance Management concerning Eaton Vance Senior Income Trust (EVF), Eaton Vance Floating-Rate Income Trust (EFT), and Eaton Vance Senior Floating-Rate Trust (EFR). The Funds will conduct cash tender offers to repurchase up to 60%, 50%, and 50% of their outstanding shares at 99% of their net asset values (NAV). Additionally, conditional year-end tender offers for 10% of common shares at 98% of NAV will occur if specific discount conditions are met from 2022 to 2024.
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