Eaton Vance Floating-Rate Income Trust and Eaton Vance Senior Income Trust Announce Final 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 final results of the Fund’s cash tender offer for the following amount of its outstanding common shares (each, a “Tender Offer” and, together, the “Tender Offers”). The Tender Offers expired at 5:00 P.M. Eastern Time on October 25, 2023.
The final results of each Tender Offer based on a count by Equiniti Trust Company, LLC, the depositary for each Tender Offer, are provided in the table below.
Fund |
Common Shares Offered to Purchase Pursuant to the Tender Offer |
Common Shares Properly Tendered |
Common Shares to be Purchased |
Pro-Ration Factor* |
Purchase Price** |
Number of Outstanding Common Shares after Giving Effect to Tender Offer |
EFT |
2,909,042 |
5,903,838 |
2,909,042 |
49.274999900% |
$12.7527 |
26,181,373 |
EVF |
1,753,886 |
1,764,482 |
1,753,886 |
99.399000000% |
$5.9756 |
15,784,972 |
* The number of common shares to be purchased divided by the number of common shares properly tendered. The pro-ration factor is subject to rounding adjustment to avoid the purchase of fractional shares. |
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** 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 (NYSE) on October 25, 2023 (the date the Tender Offer expired). |
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Under the terms and conditions of each Fund’s Tender Offer, if the number of common shares properly tendered exceeded the number of common shares offered to purchase, the Fund will purchase common shares properly tendered on a pro rata basis (disregarding fractional shares). As indicated above, EFT and EVF will purchase 49.274999900% and 99.399000000% of the common shares properly tendered, respectively. Each Fund will purchase the common shares accepted for payment as promptly as practicable.