The following Eaton Vance closed-end funds (the "Funds") announced distributions today as detailed below.
The following Eaton Vance closed-end funds (the "Funds") announced distributions today as detailed below.
Saba Capital Management, L.P. and certain investment funds managed by it (collectively "Saba") today announced that based on proxies submitted to the independent Inspector of Election for the Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) 2020 Annual Meeting of Shareholders, results indicate that EFF shareholders overwhelmingly elected all of Saba’s nominees – David Basile, Peter Borish and Charles I. Clarvit – to the Board of Trustees (the "Board") and voted in favor of Saba’s shareholder proposal to improve corporate governance by declassifying the Board.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Eaton Vance Floating-Rate Income Plus Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service ("Moody's") has placed on review for downgrade the Aa3 ratings assigned to preferred shares issued by the following 12 closed-end funds: Eaton Vance Floating-Rate Income Plus Fund (EFF), Eaton Vance Floating-Rate Income Trust (EFT), Eaton Vance Senior Floating-Rate Trust (EFR), Eaton Vance Senior Income Trust (EVF), Eaton Vance Limited Duration Income Fund (EVV), FS Global Credit Opportunities Fund (FSGCO; unlisted), Invesco Senior Income Trust (VVR), Invesco Dynamic Credit Opportunities Fund (VTA), Nuveen Short Duration Credit Opportunities Fund (JSD), Nuveen Floating Rate Income Opportunity Fund (JRO), Nuveen Senior Income Fund (NSL) and Nuveen Floating Rate Income Fund (JFR). Today's rating actions reflect the severe and extensive credit and market shocks the coronavirus pandemic and falling oil prices have had on the bank loan market.
Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) (the "Fund") announced today the election of David Basile, Peter Borish and Charles I. Clarvit to the Fund's Board of Trustees (the "Board") at the Annual Meeting of Shareholders held on April 16, 2020. The three newly-elected Trustees, each nominated by Saba Capital Master Fund, Ltd. on behalf of itself and its investment adviser, Saba Capital Management, L.P., join eight continuing Trustees as members of the Board. At the Annual Meeting of Shareholders, a non-binding shareholder proposal for the Board to take necessary steps to declassify the Board so that all Trustees are elected on an annual basis was also approved. The Board will take the declassification proposal into consideration. The vote tabulations, as certified by First Coast Results, Inc., the Fund's independent inspector of election, will be published in the Fund's next report to shareholders.
Moody's Investors Service ("Moody's") has placed on review for downgrade the Aa3 ratings assigned to preferred shares issued by the following 12 closed-end funds: Eaton Vance Floating-Rate Income Plus Fund (EFF), Eaton Vance Floating-Rate Income Trust (EFT), Eaton Vance Senior Floating-Rate Trust (EFR), Eaton Vance Senior Income Trust (EVF), Eaton Vance Limited Duration Income Fund (EVV), FS Global Credit Opportunities Fund (FSGCO; unlisted), Invesco Senior Income Trust (VVR), Invesco Dynamic Credit Opportunities Fund (VTA), Nuveen Short Duration Credit Opportunities Fund (JSD), Nuveen Floating Rate Income Opportunity Fund (JRO), Nuveen Senior Income Fund (NSL) and Nuveen Floating Rate Income Fund (JFR). Today's rating actions reflect the severe and extensive credit and market shocks the coronavirus pandemic and falling oil prices have had on the bank loan market.