EFT Stock Recent News

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 10/1/2024 Ex-Date – 10/11/2024 Record – 10/11/2024 Payable – 10/18/2024   Municipal Bond Funds:           Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.87 5.52% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.9.

Eaton Vance Floating-Rate Income Trust generates income through debt securities with floating interest rates, offering higher yields than traditional bonds due to the inverted yield curve. The EFT closed-end fund boasts a 10.53% yield, slightly lower than peers, with a stable share price and focus on current income. The fund appears to be reducing its American allocation, which makes no sense following developed market central banks beginning a cutting cycle.

The Eaton Vance Floating-Rate Income Trust offers a high yield of 10.80%, which is higher than most investment-grade or junk bond funds. The EFT closed-end fund's portfolio consists mainly of floating-rate senior loans, which have higher yields than long-dated bonds in an inverted yield curve situation. The fund's distribution has been inconsistent over the years, but this is natural since the fund's income varies with interest rates.

FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)

The Eaton Vance Floating-Rate Income Trust offers a high yield of 11.15% due to short-term interest rates being higher than long-term rates. The fund's share price performance has been modest compared to the Bloomberg U.S. Aggregate Bond Index, but its stability and high yield make it attractive. The fund's diverse portfolio and stability make it a potential hedge against volatility in the bond market, appealing to risk-averse investors.

22 out of 22 CEF sectors positive on price and 21 out of 22 sectors positive on NAV. Tortoise tender offering results. Eaton Vance tender offer results.

The Eaton Vance Floating-Rate Income Trust offers a high level of current income with a yield of 11.48%. The EFT closed-end fund has performed well compared to the S&P 500 Index, delivering a 1.42% total return over the past two months. The EFT fund primarily invests in floating-rate debt securities, which can perform well in a rising interest-rate environment.

The pervasive inflation in the U.S. has led to declining real wages and strained household budgets, driving people to seek extra sources of income. Eaton Vance Floating-Rate Income Trust is a closed-end fund that specializes in generating income through investing in floating-rate debt securities. The EFT fund's portfolio primarily consists of floating-rate bank loans, providing diversification and low default risk, and has outperformed the aggregate bond index over the past year.

We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned negative, owing to a high cost of leverage.

Investors today are in desperate need of income as the rising cost of living is making everything much more expensive. Eaton Vance Floating-Rate Income Trust invests in a portfolio of floating-rate securities that should hold their value regardless of interest rates and actually benefit from rising rates.