Icelandic Seafarers' Union Announces Indefinite Strike
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 54 minutes ago
0mins
Should l Buy EIM?
Source: Yahoo Finance
- Strike Notice: The Seafarers' Union of Iceland (SÍ) has notified Eimskip and Faroe Ship of an indefinite strike on the company's vessels Brúarfoss, Dettifoss, and Selfoss effective May 25 at noon if no agreement is reached, potentially disrupting sailing schedules and service levels.
- Expired Agreement: The agreement with SÍ members expired at the end of last year, and while wage adjustments were made under the stability agreement, the failure to reach a new agreement has heightened strike risks, impacting company operations.
- Harbor Employee Strike: A temporary strike by harbor employees originally scheduled for April 13 has been postponed to May 26-28, which is expected to reduce operational capacity at Sundahöfn, as approximately 40% of harbor employees are SÍ members, potentially affecting cargo handling efficiency.
- Customer Service Response: Eimskip has stated it will explore all possible options to minimize the impact on customer service and is committed to keeping customers informed with updates as the situation evolves, demonstrating the company's focus on customer relations.
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About EIM
Eaton Vance Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax. The Fund invests primarily in debt securities issued by municipalities. The Fund may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a special-purpose vehicle (SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Fund may purchase derivative instruments, which derive their value from another instrument, security, or index, including financial futures contracts and related options, interest rate swaps and forward rate contracts. The Fund may also invest in residual interests of a trust (the trust) that holds municipal securities (RIBs). The investment adviser of the Fund is Eaton Vance Management (EVM or Eaton Vance).
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.
Icelandic Seafarers' Union Announces Indefinite Strike
- Strike Notice: The Seafarers' Union of Iceland (SÍ) has notified Eimskip and Faroe Ship of an indefinite strike on the company's vessels Brúarfoss, Dettifoss, and Selfoss effective May 25 at noon if no agreement is reached, potentially disrupting sailing schedules and service levels.
- Expired Agreement: The agreement with SÍ members expired at the end of last year, and while wage adjustments were made under the stability agreement, the failure to reach a new agreement has heightened strike risks, impacting company operations.
- Harbor Employee Strike: A temporary strike by harbor employees originally scheduled for April 13 has been postponed to May 26-28, which is expected to reduce operational capacity at Sundahöfn, as approximately 40% of harbor employees are SÍ members, potentially affecting cargo handling efficiency.
- Customer Service Response: Eimskip has stated it will explore all possible options to minimize the impact on customer service and is committed to keeping customers informed with updates as the situation evolves, demonstrating the company's focus on customer relations.
See More
Eaton Vance Funds Announce Distribution Plans
- Distribution Announcement: Eaton Vance Funds announced distributions on May 1, 2026, covering various funds including the California Municipal Income Trust and Municipal Bond Funds, indicating the company's ongoing cash flow management capabilities.
- Distribution Amounts: For instance, the Eaton Vance California Municipal Income Trust has a distribution of $0.0500 per share, maintaining a 5.83% market distribution rate despite no change from prior distributions, reflecting stable income generation.
- Managed Distribution Plan: These funds operate under a managed distribution plan, ensuring regular monthly cash distributions to common shareholders, demonstrating the company's commitment to investor transparency and reliability.
- Market Performance: Although fund shares may trade at a discount to their net asset value, Eaton Vance aims to maintain investor confidence through continuous investment management and risk control in uncertain market conditions.
See More
Eaton Vance Funds Announce Distribution Plans
- Distribution Announcement: Eaton Vance Funds announced distributions on April 1, 2026, covering various municipal and taxable funds, demonstrating the company's ongoing commitment to providing cash flow to investors.
- Municipal Bond Fund Distribution: Eaton Vance California Municipal Income Trust (CEV) will distribute $0.0500 per share, with a market price of $10.07 and a distribution rate of 5.96%, reflecting stable earning capacity and market confidence.
- Taxable Fund Dynamics: Eaton Vance Senior Income Trust (EVF) will distribute $0.0330 per share, down $0.0060 from the prior distribution, with a market price of $4.99 and a distribution rate of 7.94%, indicating the impact of market volatility on distributions.
- Managed Distribution Plan: Eaton Vance Funds operate under a managed distribution plan to ensure regular cash distributions, although distributions may exceed net investment income, requiring investors to carefully assess risks and returns.
See More
Eaton Vance Funds Announce Distribution Plans
- Distribution Announcement: Eaton Vance Funds announced distributions on March 2, 2026, covering various municipal and taxable funds, reflecting the company's ongoing efforts to maintain stable cash flows, which is expected to bolster investor confidence.
- Municipal Bond Fund Distributions: The Eaton Vance California Municipal Income Trust (CEV) declared a distribution of $0.0500 per share with a market price of $10.63, resulting in a distribution rate of 5.64%, indicating the fund's ability to sustain relatively stable returns in the current market environment.
- Taxable Fund Performance: The Eaton Vance Senior Income Trust (EVF) announced a distribution of $0.0390 per share at a market price of $5.09, yielding a distribution rate of 9.19%, showcasing strong performance in income distribution that may attract more investors seeking stable income.
- Managed Distribution Plan: Eaton Vance Funds operate under a managed distribution plan, ensuring transparency and enhancing investor understanding of fund performance, although distributions may exceed net investment income, prompting investors to carefully assess associated risks.
See More
Eaton Vance Announces Fund Distributions
- Distribution Announcement: Eaton Vance announced distributions for several closed-end funds on February 2, 2026, covering both municipal bond and taxable funds, indicating the company's ongoing cash flow management capabilities.
- Municipal Bond Fund Distribution: The Eaton Vance California Municipal Income Trust (CEV) declared a distribution of $0.0500 per share, with a market price of $10.27, resulting in a distribution rate of 5.84%, reflecting the fund's stability in the current market environment.
- Taxable Fund Performance: The Eaton Vance Senior Income Trust (EVF) announced a distribution of $0.0390 per share, priced at $5.31, achieving a distribution rate of 8.81%, showcasing its strong performance in income generation.
- Managed Distribution Plan: All funds operate under a managed distribution plan, ensuring transparency for investors regarding distribution amounts, although these may exceed net investment income, necessitating careful risk assessment by investors.
See More
Eimskip Purchases 85,000 Shares for ISK 22.78 Million Under Buy-Back Program
- Buy-Back Program Execution: In week 3 of 2025, Eimskip purchased 85,000 shares for ISK 22.78 million, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
- Total Buy-Back Update: To date, Eimskip has repurchased a total of 2,209,680 shares under the buy-back program, spending ISK 659,843,000, nearing the ISK 750,000,000 cap, indicating proactive capital management.
- Shareholding Proportion Change: After the buy-back, Eimskip holds 3,935,000 shares, equivalent to 2.37% of issued shares, which not only strengthens the company's market control but may also boost investor confidence.
- Compliance Assurance: The buy-back adheres to the Icelandic Act on Public Limited Companies and EU market abuse regulations, ensuring transaction transparency and compliance, thereby enhancing investor trust in corporate governance.
See More
Icelandic Seafarers' Union Announces Indefinite Strike
- Strike Notice: The Seafarers' Union of Iceland (SÍ) has notified Eimskip and Faroe Ship of an indefinite strike on the company's vessels Brúarfoss, Dettifoss, and Selfoss effective May 25 at noon if no agreement is reached, potentially disrupting sailing schedules and service levels.
- Expired Agreement: The agreement with SÍ members expired at the end of last year, and while wage adjustments were made under the stability agreement, the failure to reach a new agreement has heightened strike risks, impacting company operations.
- Harbor Employee Strike: A temporary strike by harbor employees originally scheduled for April 13 has been postponed to May 26-28, which is expected to reduce operational capacity at Sundahöfn, as approximately 40% of harbor employees are SÍ members, potentially affecting cargo handling efficiency.
- Customer Service Response: Eimskip has stated it will explore all possible options to minimize the impact on customer service and is committed to keeping customers informed with updates as the situation evolves, demonstrating the company's focus on customer relations.
See More
Eaton Vance Funds Announce Distribution Plans
- Distribution Announcement: Eaton Vance Funds announced distributions on May 1, 2026, covering various funds including the California Municipal Income Trust and Municipal Bond Funds, indicating the company's ongoing cash flow management capabilities.
- Distribution Amounts: For instance, the Eaton Vance California Municipal Income Trust has a distribution of $0.0500 per share, maintaining a 5.83% market distribution rate despite no change from prior distributions, reflecting stable income generation.
- Managed Distribution Plan: These funds operate under a managed distribution plan, ensuring regular monthly cash distributions to common shareholders, demonstrating the company's commitment to investor transparency and reliability.
- Market Performance: Although fund shares may trade at a discount to their net asset value, Eaton Vance aims to maintain investor confidence through continuous investment management and risk control in uncertain market conditions.
See More
Eaton Vance Funds Announce Distribution Plans
- Distribution Announcement: Eaton Vance Funds announced distributions on April 1, 2026, covering various municipal and taxable funds, demonstrating the company's ongoing commitment to providing cash flow to investors.
- Municipal Bond Fund Distribution: Eaton Vance California Municipal Income Trust (CEV) will distribute $0.0500 per share, with a market price of $10.07 and a distribution rate of 5.96%, reflecting stable earning capacity and market confidence.
- Taxable Fund Dynamics: Eaton Vance Senior Income Trust (EVF) will distribute $0.0330 per share, down $0.0060 from the prior distribution, with a market price of $4.99 and a distribution rate of 7.94%, indicating the impact of market volatility on distributions.
- Managed Distribution Plan: Eaton Vance Funds operate under a managed distribution plan to ensure regular cash distributions, although distributions may exceed net investment income, requiring investors to carefully assess risks and returns.
See More
Eaton Vance Funds Announce Distribution Plans
- Distribution Announcement: Eaton Vance Funds announced distributions on March 2, 2026, covering various municipal and taxable funds, reflecting the company's ongoing efforts to maintain stable cash flows, which is expected to bolster investor confidence.
- Municipal Bond Fund Distributions: The Eaton Vance California Municipal Income Trust (CEV) declared a distribution of $0.0500 per share with a market price of $10.63, resulting in a distribution rate of 5.64%, indicating the fund's ability to sustain relatively stable returns in the current market environment.
- Taxable Fund Performance: The Eaton Vance Senior Income Trust (EVF) announced a distribution of $0.0390 per share at a market price of $5.09, yielding a distribution rate of 9.19%, showcasing strong performance in income distribution that may attract more investors seeking stable income.
- Managed Distribution Plan: Eaton Vance Funds operate under a managed distribution plan, ensuring transparency and enhancing investor understanding of fund performance, although distributions may exceed net investment income, prompting investors to carefully assess associated risks.
See More
Eaton Vance Announces Fund Distributions
- Distribution Announcement: Eaton Vance announced distributions for several closed-end funds on February 2, 2026, covering both municipal bond and taxable funds, indicating the company's ongoing cash flow management capabilities.
- Municipal Bond Fund Distribution: The Eaton Vance California Municipal Income Trust (CEV) declared a distribution of $0.0500 per share, with a market price of $10.27, resulting in a distribution rate of 5.84%, reflecting the fund's stability in the current market environment.
- Taxable Fund Performance: The Eaton Vance Senior Income Trust (EVF) announced a distribution of $0.0390 per share, priced at $5.31, achieving a distribution rate of 8.81%, showcasing its strong performance in income generation.
- Managed Distribution Plan: All funds operate under a managed distribution plan, ensuring transparency for investors regarding distribution amounts, although these may exceed net investment income, necessitating careful risk assessment by investors.
See More
Eimskip Purchases 85,000 Shares for ISK 22.78 Million Under Buy-Back Program
- Buy-Back Program Execution: In week 3 of 2025, Eimskip purchased 85,000 shares for ISK 22.78 million, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
- Total Buy-Back Update: To date, Eimskip has repurchased a total of 2,209,680 shares under the buy-back program, spending ISK 659,843,000, nearing the ISK 750,000,000 cap, indicating proactive capital management.
- Shareholding Proportion Change: After the buy-back, Eimskip holds 3,935,000 shares, equivalent to 2.37% of issued shares, which not only strengthens the company's market control but may also boost investor confidence.
- Compliance Assurance: The buy-back adheres to the Icelandic Act on Public Limited Companies and EU market abuse regulations, ensuring transaction transparency and compliance, thereby enhancing investor trust in corporate governance.
See More
