Eaton Vance Floating-Rate 2022 Target Term Trust Announces Liquidation Details
Sep 30th, 2022 16:05 EST
BOSTON--(BUSINESS WIRE)--The Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE: EFL) (“the Trust”) announced today new details concerning its liquidation. Consistent with its investment objectives and organizational documents, the Trust plans to terminate its existence and liquidate on or about October 31, 2022 (“Termination Date”).
As the Trust approaches liquidation, its common shares will continue trading on the New York Stock Exchange through Tuesday, October 25, 2022 and will be suspended from trading before the open of trading on Wednesday, October 26, 2022. The Trust will not declare its regular monthly distribution in October 2022 and expects that all undistributed net income will be included in the final liquidating distribution. The Trust anticipates making its final liquidating distribution on or about Termination Date.
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. Additional information about the funds, including performance and portfolio characteristic information, is available at eatonvance.com.
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. The firm’s investment capabilities encompass the global capital markets. With a history dating back to 1924, Eaton Vance is headquartered in Boston and also maintains investment offices in New York, London, Tokyo and Singapore. For more information, visit evmanagement.com. Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.