Eaton Vance Floating-Rate Income Trust - EFT STOCK NEWS

Eaton Vance (EV) Declares Early Monthly and Special Distributions for Closed-End Funds

Eaton Vance Floating-Rate Income Trust (EFT) and Eaton Vance Senior Income Trust (EVF) have announced the final results of their cash tender offer for outstanding common shares. EFT will purchase 49.27% of the tendered shares, while EVF will purchase 99.40%.

Eaton Vance Floating-Rate Income Trust and Eaton Vance Senior Income Trust announced the preliminary results of their cash tender offer for up to 10% of their outstanding common shares. EFT offered to purchase 2,909,042 common shares at a price of $12.7527 per share, while EVF offered to purchase 1,753,886 common shares at a price of $5.9756 per share. The final results will be announced on October 27, 2023.

Eaton Vance Floating-Rate Income Trust and Eaton Vance Senior Income Trust announced cash tender offers. Each Fund will purchase up to 10% of its outstanding common shares at 98% of its NAV per share. The Tender Offers expire on October 25, 2023. A larger cash position may interfere with a Fund's ability to meet its investment objectives.

Eaton Vance Floating-Rate Income Trust and Eaton Vance Senior Income Trust will conduct cash tender offers if their common shares trade at an average discount to NAV of more than 10% from January to August. The conditions for a cash tender in the fourth quarter of 2023 have been met for both funds. The tender offers are expected to commence on September 26, 2023. The Funds may not purchase all tendered shares.

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.

The Annual Meeting of Shareholders for Eaton Vance Floating-Rate Income Trust (EFT) is set for April 16, 2021, at 11:30 a.m. ET. Due to COVID-19, the meeting will be held telephonically, and in-person attendance is not permitted. Shareholders on record as of February 3, 2021, can vote by emailing AST Fund Solutions for dial-in information. Also, those holding shares via intermediaries must obtain a legal proxy to participate. The Fund is actively monitoring the pandemic situation and may provide updates. The proxy statement is available online.