Eaton Vance Floating-Rate 2022 Target Term Trust Announces Termination and Liquidation
01 Noviembre 2022 - 3:05PM
Business Wire
Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE: EFL)
(“the Trust”) completed its termination and liquidation on October
31, 2022. The termination and liquidation occurred in accordance
with the Trust’s investment objectives and organizational
documents, consistent with the Trust’s previously announced
liquidation plans.
The Trust returned to shareholders $8.664728 per common share as
its liquidating distribution. Over its five-year term, the Trust
paid 61 regular monthly distributions totaling $2.3198 per share,
which equates to an average annual distribution rate of 4.65% on
the original net asset value per common share. The Trust’s
annualized total return since inception was 2.44% at net asset
value and 2.37% based on market price.
Shareholders may recognize a gain or loss for U.S. tax purposes
as a result of the liquidation. The Trust’s investment adviser,
Eaton Vance Management (“Eaton Vance”), does not provide tax
advice; investors should consult a professional tax advisor
regarding their specific tax situation.
This press release is for informational purposes only and is not
intended to, and does not, constitute an offer to purchase or sell
shares of a fund.
Statements in this press release that are not historical facts
may be forward-looking statements, as defined by the U.S.
securities laws. You should exercise caution in interpreting and
relying on forward-looking statements because they are subject to
uncertainties and other factors that may be beyond a fund’s control
and could cause actual results to differ materially from those set
forth in the forward-looking statements.
Eaton Vance applies in-depth fundamental analysis to the active
management of equity, income, alternative and multi-asset
strategies. Eaton Vance’s investment teams follow time-tested
principles of investing that emphasize ongoing risk management, tax
management (where applicable) and the pursuit of consistent long
term returns. With a history dating back to 1924, Eaton Vance’s
investment capabilities encompass the global capital markets. For
more information, visit eatonvance.com. Eaton Vance is a part of
Morgan Stanley Investment Management, the asset management division
of Morgan Stanley.
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