EFT Stock Recent News

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.

Eaton Vance Floating Rate Income Trust invests in a portfolio of floating-rate securities in an effort to give its investors a high current income. Floating-rating securities have a marked advantage over ordinary bonds in markets like we are in today.