Eaton Vance Floating-Rate Income Trust and Eaton Vance Senior Income Trust Announce Tender Offers to Purchase up to 10% of Outstanding Common Shares

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) and Eaton Vance Senior Income Trust (NYSE: EVF) (each, a “Fund,” and, together, the “Funds”) previously announced that they will conduct cash tender offers by the end of the fourth quarter of each of 2022, 2023 and 2024 (each, a “Conditional Tender Offer”) for up to 10% of each respective Fund’s then-outstanding common shares if, from January to August of the relevant year, the Fund’s common shares trade at an average discount to net asset value (“NAV”) of more than 10% (based upon the Fund’s volume-weighted average market price and NAV on business days during the period). If triggered, common shares tendered and accepted for purchase in a Conditional Tender Offer would be repurchased at a price per share equal to 98% of such Fund’s NAV as of the close of regular trading on the NYSE on the date such Conditional Tender Offer expires. The measurement period for 2023 (the “2023 Measurement Period”) ended on August 31, 2023. Based on the Funds’ average trading discounts over the 2023 Measurement Period, it has been determined that the conditions precedent to a cash tender in the fourth quarter of 2023 have been met for each Fund. Each Fund expects to commence a tender offer on or about September 26, 2023, with the expiration of the tender offer currently anticipated to be on or about October 25, 2023 (each, a “Tender Offer,” and, together, the “Tender Offers”).

Additional terms and conditions of the Tender Offers will be set forth in each Fund’s offering materials filed with the U.S. Securities and Exchange Commission (the “SEC”), which will also be distributed to the Fund’s common shareholders. If the number of common shares tendered for a Fund exceeds the maximum amount of the Fund’s Tender Offer, the Fund will purchase shares from tendering shareholders on a pro-rata basis (disregarding fractional common shares). Accordingly, there is no assurance that a Fund will purchase all of a shareholder’s common shares tendered in the Fund’s Tender Offer. A Fund may determine not to accept shares tendered in the Tender Offer under various circumstances, as will be set forth in the offering materials. Further information about the Tender Offers will be announced in future press releases and the Funds’ offering materials.