Eaton Vance Declares Early Monthly Distribution for Eaton Vance Floating-Rate Income Trust
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
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Source: Newsfilter
Distribution Announcement: Eaton Vance Floating-Rate Income Trust has declared a monthly distribution of $0.1030 per share, with an ex-date of December 30, 2024, and payable on January 15, 2025, to meet federal excise tax requirements for 2024.
Investment Considerations: The Fund's ability to maintain its distribution is contingent on various factors including investment income stability and market conditions, and shareholders should not equate distributions with performance or assume they are solely derived from net income.
Analyst Views on EFT
About EFT
Eaton Vance Floating-Rate Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust's investment objective is to provide a high level of current income. The Trust will, as a secondary objective, also seek preservation of capital to the extent consistent with its primary goal of high current income. The Trust invests in a range of sectors, including electronics/electrical, business equipment and services, health care, automotive, industrial equipment, chemicals, and plastics, building and development, oil and gas, radio and television, aerospace and defense, leisure goods/activities/movies, cosmetics / toiletries, electronics / electrical, industrial equipment, lodging and casinos, telecommunications, steel, entertainment, auto components, building products, consumer staples distribution and retail and insurance. Eaton Vance Management is the investment advisor of the Trust.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
