CORRECTING and REPLACING Eaton Vance Declares Early Monthly Distributions and Special Distributions for Certain Eaton Vance Closed-End Funds

Rhea-AI Summary

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

Positive

• Eaton Vance has announced early monthly and special distributions for certain closed-end funds, accelerating the declaration, record, and payment dates for regular January distributions.
• The company applies in-depth fundamental analysis to the active management of equity, income, alternative, and multi-asset strategies, emphasizing risk management, tax management, and consistent long-term returns.
• Eaton Vance is a part of Morgan Stanley Investment Management, with investment offices in New York, London, Tokyo, and Singapore, and a history dating back to 1924.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- In the table of release dated December 18, 2023, the Payable date should read: 1/16/2024 (instead of 1/15/2024).

The updated release reads:

EATON VANCE DECLARES EARLY MONTHLY DISTRIBUTIONS AND SPECIAL DISTRIBUTIONS FOR CERTAIN EATON VANCE CLOSED-END FUNDS

Eaton Vance closed-end funds (each, a “Fund” and collectively, the “Funds”) announced distributions today as detailed below.

Declaration – 12/18/2023 Ex-Date – 12/27/2023 Record – 12/28/2023 Payable – 1/16/2024
Fund	Ticker	Monthly Distribution	Special Distribution	Total Distribution
Eaton Vance Floating-Rate Income Trust	EFT	$0.1180	$0.0396	$0.1576
Eaton Vance Senior Floating-Rate Trust	EFR	$0.1210	$0.0000	$0.1210
Eaton Vance Senior Income Trust	EVF	$0.0610	$0.0000	$0.0610

The declaration, record and payment dates of the regular January distributions have been accelerated for each Fund and a special distribution is being paid to shareholders of Eaton Vance Floating-Rate Income Trust to allow each Fund to meet its 2023 distribution requirements for federal excise tax purposes. Each Fund expects to declare its next regular monthly distribution at the beginning of February 2024 for payment in February 2024.

The Distribution Rate at Market Price is based on the Fund's most recent regular distribution per share (annualized) divided by the Fund’s market price at the end of the period. Fund distributions may be affected by numerous factors, including changes in Fund performance, the cost of financing for Funds that employ leverage, portfolio holdings, realized and projected returns, and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in a Fund’s distributions at a future time.

A portion of the distributions may be comprised of amounts from sources other than net investment income. If that is the case, you will be notified in writing. Further information will be available prior to the payment date at funds.eatonvance.com. The final determination of tax characteristics of each Fund’s distributions will occur after the end of the year, at which time it will be reported to the shareholders.

Eaton Vance applies in-depth fundamental analysis to the active management of equity, income, alternative and multi-asset strategies. Eaton Vance’s investment teams follow time-tested principles of investing that emphasize ongoing risk management, tax management (where applicable) and the pursuit of consistent long-term returns. The firm’s investment capabilities encompass the global capital markets. With a history dating back to 1924, Eaton Vance is headquartered in Boston and also maintains investment offices in New York, London, Tokyo and Singapore. For more information, visit evmanagement.com. Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231218644991/en/

Investor Contact: (800) 262-1122

Source: Eaton Vance

FAQ

What are the details of the early monthly and special distributions announced by Eaton Vance?

Eaton Vance has announced early monthly distributions and special distributions for certain closed-end funds, with declaration on 12/18/2023, ex-date on 12/27/2023, record date on 12/28/2023, and payable date on 1/16/2024.

What factors may affect the Fund distributions?

Fund distributions may be affected by changes in Fund performance, the cost of financing for Funds that employ leverage, portfolio holdings, realized and projected returns, and other factors.

What are the investment capabilities of Eaton Vance?

Eaton Vance's investment capabilities encompass the global capital markets, with investment teams following time-tested principles of investing that emphasize ongoing risk management, tax management, and consistent long-term returns.

What are the risks associated with investing in Fund shares?

Fund shares are subject to investment risk, including possible loss of principal invested. An investment in a Fund may not be appropriate for all investors.

What is the relation between Eaton Vance and Morgan Stanley Investment Management?

Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.