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EEFT tops Q1 EPS and revenue estimates, but rising expenses weigh on income as segment performance remains mixed.
Eaton Vance Senior Floating-Rate Trust leads income-covered CEFs, offering an -11.49% discount, 7.79% yield, and 104% coverage with a -1.5 z-score. EFR and EFT utilize variable distribution policies, closely tracking SOFR, which aligns payouts with portfolio income and minimizes surprise distribution cuts. Discounts on floating-rate CEFs like EFR and EFT widen as distributions decline, creating contrarian opportunities for investors anticipating rate cycle reversals.
Eaton Vance Floating-Rate Income Trust faces continued headwinds, with a deeper-than-average 10.46% discount to NAV reflecting market concerns. EFT's 7.6% yield appears attractive, but ongoing dividend reductions and declining net investment income signal risk of further payout cuts if rates fall. Leverage remains high at 35.33% of assets, amplifying both return potential and risk, especially in a costly debt environment.
We review the CEF market valuation and performance through the second week of April and highlight recent market action. CEFs rallied broadly with tightening discounts, now trading near historic averages, signaling improved sentiment across most sectors except MLPs. Saba's canceled BRW-SABA merger preserves relative value opportunities and maintains SABA's appeal due to its low fee structure and wider discount.
Eaton Vance Floating-Rate Income Trust (NYSE: EFT - Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 52,834 shares, a growth of 465.2% from the December 31st total of 9,348 shares. Based on an average daily volume of 145,807 shares, the
Eaton Vance Floating-Rate Income Trust manages $333M in net assets, totaling $515M in gross assets. EFT employs 34.3% leverage, sourced from $119M borrowings and $80M preferred shares, impacting its expense structure and risk profile. We examine the current setup and give you our take.
BOSTON--(BUSINESS WIRE)--Eaton Vance Floating-Rate Income Trust (the “Fund”) announced a distribution today as detailed below. Declaration – 12/19/2025 Ex-Date – 12/30/2025 Record – 12/30/2025 Payable – 1/15/2026 Fund Ticker Monthly Distribution Change From Prior Distribution Closing Market Price – 12/18/25 Distribution Rate at Market Price Eaton Vance Floating-Rate Income Trust EFT $0.0860 - $11.24 9.18% The declaration, record and payment dates of the regular January distribution has been a.
The Triple-Factor CEF Report screens over 400 funds for high yield (>6.5%), strong coverage (>90%), and discount to NAV, balancing yield, sustainability, and value. Top lists include funds with widest discounts, best z-scores, highest yields, and best combined metrics, offering potential for price appreciation and enhanced yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.