Business Context and Reporting Period
Company: Eaton Vance Floating-Rate Income Trust (EFT)
Filing Type: Form 8-K (Current Report)
Report Date: February 1, 2023
Event Date: January 26, 2023
Context: The filing reports a corporate governance action taken by the Fund's Board of Trustees regarding share acquisition provisions.
Financial Metrics
This filing does not contain financial performance data. No values are provided for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
Corporate Governance Change: On January 26, 2023, the Board of Trustees voted to exempt, on a going-forward basis, all prior and new purchases of Fund shares from the provisions of Article XIII of the Fund's By-Laws. This article previously governed "Control Share Acquisitions."
Guidance, Outlook, and Risks
Management Commentary: The Board's action removes restrictions on share purchases that might otherwise be deemed control share acquisitions. An announcement regarding this decision was posted to the Fund's website (Exhibit 99.1).
Risks and Contingencies: The filing does not disclose new material risks or contingencies beyond the change in by-law enforcement.
Key Facts for Investor Verification
- The Fund has effectively suspended its "Control Share Acquisition" restrictions under Article XIII of its By-Laws.
- The exemption applies to both prior and future share purchases until further notice.
- Investors should review the attached Fund Announcement (Exhibit 99.1) for specific details on the implementation of this exemption.
- This filing contains no financial results or operational updates.