Eaton Vance Floating-Rate Income Trust and Eaton Vance Senior Income Trust Announce Preliminary Results of Tender Offers
Eaton Vance Floating-Rate Income Trust (NYSE: EFT) and Eaton Vance Senior Income Trust (NYSE: EVF) (each, a “Fund,” and, together, the “Funds”) each announced today the preliminary results of the Fund’s cash tender offer for up to 10% of its outstanding common shares that expired at 5:00 p.m. Eastern Time on October 25, 2023 (each, a “Tender Offer” and, together, the “Tender Offers”).
The table below shows the preliminary results for each Fund:
Fund |
Common Shares Offered to Purchase |
Common Shares Properly |
Purchase Price of Properly |
EFT |
2,909,042 |
5,903,838 |
$12.7527 |
EVF |
1,753,886 |
1,764,482 |
$5.9756 |
* Equal to 98% of the relevant Fund’s net asset value (“NAV”) per share as of the close of regular trading on the New York Stock Exchange on October 25, 2023 (the date the Tender Offer expired). |
Under the terms and conditions of each Fund’s Tender Offer, if the number of common shares properly tendered exceeds the number of common shares offered to purchase, the Fund will purchase common shares properly tendered on a pro-rata basis (disregarding fractional shares). Based on the preliminary results shown above, each Fund expects to purchase a pro-rata allocation of the common shares properly tendered.
The above-indicated results are based on preliminary information provided by Equiniti Trust Company, LLC, the depositary for each Tender Offer, are subject to adjustment and should not be regarded as final. Each Fund currently expects to announce the final results of its Tender Offer on or about October 27, 2023.
The information agent for each Tender Offer is EQ Fund Solutions, LLC. Any questions with regard to any of the Tender Offers may be directed to the information agent toll-free at 1-888-542-7446.
About Eaton Vance
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. Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.