Eaton Vance Floating-Rate 2022 Target Term Trust Announces Liquidation Details
September 30 2022 - 4:05PM
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.
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